From what I've heard, Oracle has officially discontinued its annual performance review process. Given that (1) many people haven't received them with any consistency and (2) the review seemed totally disconnected from job security, advancement or compensation, it really isn't much of a loss. IMO, it is just a bigger part of making it easier to get rid of people as there will no longer be a paper trail for an employee to use as an argument for an unfair or discriminatory firing/layoff.
The replacement to the review process is the talent profile. Everyone is supposed to use HCM to state their skills, achievements, etc. so that management can "help with career development, team training, etc." Yes, this isn't a review at all and is just a matrix/document for each employee to maintain. Translation: This is yet another data point in HCM that will be used to create layoff lists. If you are looking to keep your job at Oracle for a while, put in some effort on creating a compelling talent profile.
Posted by @OxQt6Oi-paq.