High level management is abandoning ship. They are leaving based on executive direction known as "clean sweep." The pivot to the cloud has stalled, consumption of cloud credits is not happening. Expect big changes in management over the next few weeks. Resulting change is huge.
As former management bounces they speak of a line in the sand. Employees with over a 6 figure base salary are going to be a thing of the past. Massive cuts coming in sales, support, services and development. Bare metal cloud is clearing out as they see what is coming.
Netsuite and the self driving cloud and database through machine learning is the new direction. Everything else is going away. Much of the current oracle apps are seen as to difficult to make cloud enabled. Everything is going to be simplified and many old apps and products will be shelved.
Sales team and enterprise cloud architects blamed for lack of cloud credit consumption. Older generation seen as not able to embrace change. House cleaning is coming. It all starts the week after open world. Watch as member in high level management simply vanish over the next few weeks, then watch employees under them do the same. Changes begin week of October 9th.
The changes will be so profound the market will forget about the lack of cloud growth in Q2. Oracle is about to change in a big way.