Thread regarding Oracle Corp. layoffs

The earnings don't back up LE's statements. Almost all growth is from SaaS - in other words, the Netsuite acquisition. I don't know anyone who believes that there is any significant organic growth in "Fusion Apps" or Oracle's IaaS. IaaS/PaaS showed growth in the earnings last week, but we all know that much of this is due to financially engineered deals, where customers either "buy" cloud credits added to on-prem software licenses renewals or are forced to "buy" Oracle cloud due to audits. Once again, Oracle's earnings were boosted by tax breaks. https://seekingalpha.com/article/4084585-oracles-cloud-growth-sustainable

In other words, oracle is set for eternal stagnation. First, internal development led by TK completely failed - Fusion apps. Next, billions wasted on cloud acquisitions which are a total mess and oracle falling further and further behind leaders like SFDC and AWS. Now, the age of stagnation - nothing more new just mole the existing assets while laying off people left and right. Oracle set on a road to extinction.

So I think it’s going to be primarily come from internally developed technologies....

Love the "I think" in Larry's statement. Really, Larry? Don't you know? Doubtful?

How many engineers ever return to Oracle after working there? Almost zero. Oracle's problem is they're only interested in milking the customers they acquire and get rid of engineers as a product declines. The place is so oppressive and bureaucratic it's impossible to create anything meaningful. Everything is lowest common denominator and based on having legal deniability and immunity. Meanwhile the rest of the industry is running rings around them.

Oracle is losing engineers because it has the worst reputation in the tech community. If you think they treat customers bad, you need to see how they treat the employees.

They just added Soylent Green to the cafeteria. Soylent Green is employees!

You have pirates on the ship that are steering it in circles while they pilfer and take all the booty.

LE doesn't get that. He's living in the past thinking that there are actually functioning engineering managers and engineers.

They are GONE LE! GONE!

Your acquisition strategy over years and years with no guidance to any of the underling management on who is supposed to own what has caused year after year of engineering groups pitted against each other. The legal protection you pay for, prevents those people who leave from speaking up about the horrors that go on in engineering. Thugs and narcissistic freaks have taken over engineering.... not because they are the best engineers.... simply because they are the best at screwing over the real engineers. The good engineers won't work in that environment.

The acquisition strategy has destroyed any possibility of developing software in house. Now, the remaining top-dog thugs you call "engineering managers" are in charge and they are nothing but pirates steering the ship in circles attacking each other and accomplishing nothing.

LE YOU HAVE NO ENGINEERS LEFT!!! Get a clue. It's all over.

2 CEOs and a founder/ CTO - what a joke. LE's so out of touch with reality that he cannot just let go and hire a single CEO who actually knows how to run a tech company. How sad, how very, very sad. Both oracle and LE are aging, declining (mentally and revenues wise, respectively) at a fast rate .... He should have let go a long time ago

Oracle is nothing more than a holding company run by financial wizards, lawyers, and sales & marketing people. I don't believe they are done buying companies. Unless they are going on a massive hiring spree to get the brightest and best engineers and then put those people under competent managers with clear direction and you somehow align that up with strategic thinkers with conviction would it work.

Larry use to be that thinker. He used to have that team. There is no captain in charge of the boat anymore. You have pirates on the ship that are steering it in circles while they pilfer and take all the booty. Sadly LE will go down with the chip, but MH and SC will move on to another host they can live off of and destroy. That's been MH's strategy for the last 2 decades and it's rewarded him handsomely while shareholders and employees get the short end of the stick.

In other words given how oracle had f:ed up every company it has acquired, no company out there worth acquiring wants to sell to oracle to be destroyed. They would much rather sell to the likes of SFDC, etc, yet another market in which oracle had failed. That takes talent, but is possible as we are now learning

"internally developed technologies"

Ha! Like Fusion Apps? Good luck with that...