Thread regarding Oracle Corp. layoffs

Facts please! Another layoffs scare?

Nothing but corporate greed...nothing to see, just corporate greed.

One can hope!

$30 BILLION!!!!

One year subscriptions can go by pretty quick.

Better not to have a subscription.

The whole basis of Cloud platform is ease of implementation ( yes, cost effectiveness and scalability, no HW needed, etc.. are also factors), but the main premise is that customers can get in quick - which also means they can also get out quick. One year subscriptions can go by pretty quick.

This all means that O's cloud biz needs to run very, very lean.

If you are not revenue generating/customer facing in O's Cloud biz, better have your resume up to date and ready to go.

Most likely Q4 would be the outside timeline for this to be completed. I would suspect that they will push this forward, probably in stages. Therefore look for some downsizing in Q2, followed by Q3 etc.

Correct that the margins and competition will not support OH like we had in the past. We are now competing against startup's and smaller platforms that run on a fraction of the payroll we have.

Cuts will have to happen to be relevant in Cloud world.

Based on website appears Oracle is investing much in new ideas. Interesting article posted, Redefining Smart Cities with Cloud Tecnolohues”
Sensors throughout the city, real-time data on pedestrian and vehicles. From trash cans to analytic software that pulls everything together to find correlations and relationships that were previously invisible.

Sounds cool. But privacy is worth a lot.

I’m sure he’ll use new technology to shave exienses. It’s going to wake up call when he finds out breach in fiduciary responsibilities, accountability and a few other things. . Might find how much he cares once he learns the oligarch’s truth. .

Our big money makers have always been SW licensing, Cloud has also bee profitable but the margins are thin and customers are only committed to a one year subscription and then they can shop around.

Would not surprise at all the O will be looking to drive down expenses in OCI to offset low margins.

“ competition is fierce and margins are thin “

And even the largest customers can simply walk at the end of their subscription! No more Oracle lock in.

I have heard the same. I can confirm concerning the Analytics & BI side only. Know nothing about the other business areas. Timeline late September, early October.