Thread regarding Oracle Corp. layoffs

An Oracle insider explains how some salespeople gamed the system to sell more cloud..

https://www.businessinsider.com/insider-reveals-how-some-oracle-salespeople-were-really-selling-cloud-2018-8

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In August, 2017, Oracle's massive salesforce received an email from Rich Geraffo, Oracle's executive vice president responsible for North American sales.

In it, he told the 35,000-strong sales team to essentially quit gaming the system in the way they were landing cloud sales, according to the email viewed by Business Insider.

He discussed "winning with integrity," and set out a long list of no-no's for salespeople. The items included things like only selling products and services that customers will really use, putting all terms in writing, and justifying discounts offered to customers.

Some 10 months later, in June, Oracle surprised the financial world by changing the way it reported cloud revenue, blending it into its traditional software sales, which essentially hid cloud revenue from view. Oracle didn't wait until the fiscal year ended. It made the change to the fourth quarter results, which ended in May. That meant it did not report the full year's final cloud performance, even though cloud has become critical to the company's future.

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Post ID: @OP+UDt5GLT

4 replies (most recent on top)

Time for a classic roll up investigation to get to the 3 stooges, we know where the orders came from and what they were and we know that RG doesn’t have it in him to do time to protect the 3 stooges

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Post ID: @nwi+UDt5GLT

the "cloud" strategy has been planned long time ago. everyone in US, and also someone in EMEA/APAC, know the story.

formally and in the clear ask the salesforce to behave ethically.

practically and in the dark force the salesforce to sell unwanted, unneeded and unusable cloud credits to every customer.

they knew a legal action from investors was unavoidable, and they have prepared everything to have the salesforce be held responsible for all the unethical behaviour.

the 4 elders are just trying to survive no matter what, and even this gambling is acceptable for them if it can gain another year of stock vesting

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Post ID: @pdn+UDt5GLT

Step 1 - Incent the sales team by having a 10X multiplier for selling Cloud credits

Step 2 - Reinforce the behavior by mandating that every deal must have Cloud credits attached

Step 3 - Tell Wall Street about all the "Cloud" revenue coming in

Step 4 - Worry that Wall Street will begin asking about actual consumption of Cloud credits

Step 5 - Stop reporting separate Cloud numbers

Step 6 - Issue email about the sales team "gaming the system"

Step 7 - Hope that the blameshifting works and that you don't get fired or prosecuted for fraud

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Post ID: @yay+UDt5GLT

Can you post the whole article? It has a paywall.

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Post ID: @oxa+UDt5GLT

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