Thread regarding Oracle Corp. layoffs

Oracle is back to being a DB company having failed at everything else, and oh, yes, oracle dB market share is declining. Bad management means oracle is royally f---ed.

• revenue was down..that is bad enough

• new cloud & on premise licenses fell 4%. That is shabby..others AWS, MS Azure etc have been showing growth rate of 40%-50%.

• LE said 1000 new autonomous DB customers, and ~4000 in trial. best product launch results..

• Enterprise Apps continue to do well in some of the products - HCM, ERP etc..

Somehow in this company, we cannot get our growth story set right. year after year, we are told, no growth. Who is at fault. TK gone, new set of management has no idea where products are going..

best thing is, we have stopped taking about IaaS. That is' you are no more competing in iaas cloud with AWS, MS..Most PaaS products are in air..no clear direction & no revenue. LE says let just focus on DB & Enterprise Apps.

"So you are in "the reset" group then."

no, dummie, this place is a car accident; one is passing by but can't help but look and think "god, so happy that wasn't me."

It’s NOT A FREE MARKET! Sh--is rigged all over the place! If you take the attitude of ‘just move along’, it perpetuates the issue across the board. If you do not take a stand, how does that stop the next employer from f---ing you over? And the next one and the next one? How is that ‘freedom’?

The smart ones pack/ready their parachutes. The reset, well, end up on this forum.

So you are in "the reset" group then.

it means that Oracle's Q3 results were DOA!

"Yes. It’s called management."

That is true. But here we go again. It's their fault, not mine. Take your career/path into your own hands; it's a free market.

“The reality is Oracle has a thick layer of degenerate fat it can trim. ”

Yes. It’s called management. Somehow they never outsource, right size, RIF, PIP or otherwise trim themselves. And yes customer skills are important. You don’t patronize vendors, stores etc that have sh--ty service. If you do, then I question your sanity.

Management is in charge. If a product fails, it’s on them to figure out why, not to push blame right away. If employees are not trained, can’t figure out the 1,000 step procedures that O is notorious for, it’s a management problem. They are in charge. They are in control. They can solicit info and make changes. That’s why they are management!

We’ve all been frogs in the pot these past three or so decades, where the management style is to be hands off, give emps “tools” to self direct their work and careers. Here’s a dashboard, attend this “session”, log into this mandatory whatever. Oracle is the epitome of this trend.

"but, but, but i have customer skills!!" Sounds like that scene from Office Space.

Lol, who says i'm a manager/director?

You don't speak for the majority at Oracle.

You are a bitter fool. If you're so awesome, yet Oracle doesn't recognize it, move on. It's that simple.

The reality is Oracle has a thick layer of degenerate fat it can trim. I see them every day in the hallways. The smart ones pack/ready their parachutes. The reset, well, end up on this forum.

https://www.cnbc.com/2019/03/14/oracle-earnings-q3-2019.html

Oracle falls even as guidance meets expectations.

LE's "university researchers" cloud story seems not to have been compelling.

BTW Big O is working with NSF on a cloud computing for science project called E-CAS. Not clear this is a real market test. Free computing is better than paying if you are inna uni and short of $.

Oracle flagged declining revenues for Q4 - what else do you need to know! Growth companies don’t have declining revenue quarters; they grow like hell each and every day! Oracle is dead, dead, dead!

Oracle Management is corrupted at core. From manager to top level.

@Y41HJzM-ycs

You are an id--t and the problem why employees are mad, go back and cry to HR.

The MAJORITY feels what we feel, we are the one that keeps the boat afloat, not some manager or director like you who can't doesn't even have any customer skills.

And yes, those that are the smart ones and those that made O the company great during the early century are loooong gone. O is just a skeleton of what it was 20 years ago corrupted to the core in character and morals.

Oracle Corp. said its revenue fell 1% in its latest quarter, a second-consecutive period of decline as the software giant continues to struggle adapting its business for the cloud era.

WSJ has perspective https://www.wsj.com/articles/oracles-revenue-declines-1-11552595788

From the earnings call, sounds to me that the autonomous database and the cloud 2.0 security features is king. So if you build that, probably safe.

Good luck all.

The results were good, if not, at the least, decent. But that won't stop the bitter mo--nitrons from spinning it into a sky is falling scenario.

I've said this once, and I'll say it again. Take with a grain of salt what you read in this forum. I am willing to bet most fit somewhere on this list:

1. laid of ex-oracle who cannot get back on their feet with another job -- your fault; not Oracle's

2. ex-oracle who moved onto other jobs yet still cannot let go of the bitterness

3. current employees who haven't had raises in years. They would rather sit around wallowing in indignation rather than interpret that as: maybe you should move on if you can. If you can't, s--- it up.

4. current employees who are s---ing on the Oracle teet; they are the ones who scurry when the lights go on. Eventually they will fall in #1 or #2

Stock buybacks can only get you so far. https://www.marketwatch.com/story/oracle-again-rides-stock-buybacks-to-earnings-beat-2019-03-14?siteid=yhoof2&yptr=yahoo

MH sounds like such a second rate used car salesman on the earnings call

It means that we(as in The Three Stooges) will continue with stock buybacks so we can get the stock price to 80 soon so we can get our bonus. To pay for the stock buybacks, there will be no raises for the rest of the century and more lay offs will come.

The funny part is that even with the stock buybacks, O still lagged estimates. Who sold puts? You'd be losing your pants tomorrow on this pig if you did.

what the stock does in after hours trading means nothing. there's always a flurry of activity as people digest the numbers and both positive and negative stories come out. happens every quarter

At 16:30 (after hours) the stock is down so the results can’t be looking that good