It was never more obvious that the company is in a bad place, than it is at this moment. So why do they put their efforts into covering up the true state that the company is in. If more people were familiar with the truth, maybe more resources and energy could be poured into making things better. In this way the only thing the workers could do is sit don and await their fate, without any possibility of making an effort to help the company.
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if you think Oracle is a technology company, then our condition is terrible, no real innovation, no vision even when provided by an acquisition with the right product, no capacity to even follow the leaders with cloud.
if you think Oracle is a financial company, then our condition is quite good, we still squeeze lot of money from our IB, we are very cautious and let other do risky innovation, we are very careful in investing money to follow risky hypes.
this is why our customers tipically hates us, while the market is still investing in the stock. good or bad? not to me to judge, but if Oracle is still doing good margins means it is working. but one thing is clear, for sure it cannot last long like this.
Real condition of company, p--p on the rim and the cleaning lady quit.
Why don’t they just tell us the real condition that the company is in
Because that would be an admission that the three clowns that run Oracle have been a complete and inept failure for the past 10+ years.
Harvard Business School article from early 2018: "The Oracle That Couldn't See The Future":
https://digit.hbs.org/submission/the-oracle-that-couldnt-see-the-future/
Oracle stopped being a technology company more than a decade ago. It's a second-rate Mergers and Acquisitions shop with a very large legal and contract enforcement department.
You reap what you sow.
Because they are desperate to prop up the share price: MH and SC do they can sell their stock for max gain, and LE because he cannot meet the margin call he will get for personal loans again which he has pledged his oracle share of the price goes down. Desperate times for LE - he could easily lose the company and most likely will sooner or later - he seems to prefer later, this the cloud fraud and undercover layoffs. But you can only tell lies for so long. This is beginning to unravel.
They just did... According to Oracle HR:
"..Oracle is planning to make some major changes to optimize its business structure, which will inevitably result in huge multi-phase staff reductions globally.."
Click here and read the link for details: @Z01hMqV
-cfn
First of all, not sure how your response relates to OP's point, but ignoring that aspect of your lameness, I assume you're not what you would consider "old". Since I can assume you're "young", WTH are you still doing here? At least the "old" are in the situation where it is much more difficult to land something outside of Oracle, given age-bias that is rampant in tech.
It's time to clear out the boys club of middle managers and bring in people who know what they're doing. Too many friends of friends of MH and all the acquired company VP's are hanging around with no accountability so they push the blame down to the ones that are doing the daily grind. No integrity and no one is holding these guys accountable to run the business. We have all the rejects from NCR, IBM, HP and every old tech company around still playing tennis and golf with MH.
The problems are not people who are waiting for retirement, it is the m8 and m7 folks whom their fight for territories, on who owns what business, turned the overall of the company to a grinding halt. If you see that ADF is still the GUI of choice in ORACLE. Thankfully not for OCI, at least the GUI is not from 20 years ago :-).
When all the m7-m8 folks that are like f---ing hyenas leave oracle it can be turned profitable for longterm again.
Lots of old people riding it out until retirement.