It’s been awhile since my team saw layoffs. One would think that that fact will give us a greater sense of security, but no, people are always in constant panic and rumors can’t seem to stop. We also see some symptoms that something could happen in... — read more
Rif started
Layoff will start soon ..Be ready any time you will become unemployed...same day they may call you and ask to leave...
So many buzz words: OMC, OCI, IDC, OPC, CPO, etc.... that's way
In a company, no one even knows what the hell we are doing...
Oracle Q3 EPS actually down 21% than reported
Let me explain: O’s Q3 EPS is 21% lower in 2019 than it was in 2014, using the 2014 weighted average common shares outstanding Q3 2019 Net Income reporter 2,745 Reported EPS: basic 0.78, diluted 0.76 WACSA Q3 2019: basic 3,526, diluted 3,617 WACSA Q3... — read more
Layoff9
What will be notice period on lay offs...how money will we get dut
Anything rumored about Cloud?
Maybe this is a good thing, but I always get that nervous sensation when all is quiet. I guess I always think of it as being the calm before the storm. Any rumors or info regarding layoffs at Cloud and if yes what number of employees could they be... — read more
Fortune: oracle had no cloud clothes
Wow: now even usually obsequious Fortune has declared that: “The Silicon Valley company’s third fiscal quarter results show plainly that this software emperor has no cloud clothes “ The truth is the truth!
Is OCI is in a hiring freeze?
Thanks.
Good Luck and Best Wishes, Oracle Management Cloud
Hearing that Oracle Management Cloud (OMC) is no longer in favor and could be on the chopping block. Once the darling of the company with strong EM revenue as a foundation, it looks like the OMC road has dead-ended. Rehearse your interviewing skills... — read more
So what do the Q3 numbers really mean?
https://finance.yahoo.com/news/q3-fy19-gaap-eps-increased-200200221.html?.tsrc=applewf&guccounter=1
In what areas will Oracle cut the employees the most?
When layoffs come, and at this point I think it’s safe to say that they will come sooner rather than later, from what parts of the company could they be RIFing the most. Is it possible that Oracle abandons some of its businesses that are not turning... — read more
Today’s revenues and earnings will s---
I have to believe today’s numbers will be plain bad and EPS would have been an absolute disaster without the $10 Bn share buyback this quarter. Desperate times call for desperate measures I guess. Oracle totally s---s under the mismanagement of the 3... — read more
Google Cloud poaches longtime Oracle exec Amit Zavery
https://siliconangle.com/2019/03/11/google-poached-oracle-exec-amit-zavery-run-apigee-api-platform/ More rats leaving a sinking ship.
Let's see what magic tricks they have left. I'm thinking very few; they cannot sustain buybacks.
https://seekingalpha.com/article/4229086-oracle-growth-dead Summary ORCL reported flat top-line growth in its most recent earnings report. The company spurred the bottom line through cost-cutting. ORCL will fall as it continues to shed its image as a... — read more
Lazy management
There are many management people without any contribution starting from Manager to senior Director. Why company is still retaining them by paying huge salary. Many of them will come to office once in a while having there own business and just attend... — read more
Layoffs this week
Heard rumour about 100s being laid off yesterday in Oracle IDS & other teams. Is this true? Can we get more info on it?
If the numbers aren’t good by mid year a big wave of cuts seem pretty certain?
And I say this assuming the numbers are not going to be good. We are trailing behind the competition on all the mayor markets and I think the leadership is slowly but surely runnin out of techniques to keep the stock stable artificially. When reality... — read more
How many people could be let go by the end of 2019?
This is a hypothetical question, and I know that is hard to determine. Aside from that I would like some opinions on what numbers can we expect and what are the areas in which layoffs could occur the most?
SALES
Huge layoffs pending at Oracle - in the OCI group?
Layoffs in India ? Severance package ?
Hi All, Any info on Layoffs in India ? Anyone have clue on the Severance package offered in India ? Or how the process is done? Please let me know. Thanks.
Cringley Predicts: Only 3.5 Cloud Providers will survive
Robert Cringely doesn't always get it right but he does get a lot of influential ears to listen to him, in the IT industry. No surprise here, and others have said something similar: He says only 3.5 cloud providers will survive: AWS, Azure, and... — read more
Yet another downgrade
Nemura downdrafts oracle for the share buybacks - $75 Bn since 2012, completely unsustainable for oracle to spend $10bn per quarter. Stock will go down as cash declines and debt goes up, while revenues and profits go to Hell in a hand basket. Oracle... — read more
the Lifeboat
In a layoff situation where you are at a company that is not doing well, the usual rules no longer apply. In normal society, we don't think about having to eat one another to survive, we can all get along as long as there is a way for everyone to get... — read more
Some version of this story is always in progress at Oracle
I suspect this type of story happens over and over again at Oracle.... There are 3 people. The inciter - who I'm gonna call "pure evil". The incited - The victim - "pure evil" is looking for ways to get new projects and get them in the hands of... — read more
Laid off for having a depression
Recently I had the chance to discuss a bit in more detail with a colleague who was laid off about a year ago and what she told me was very disturbing. We were both working in TK's org, but in different teams. A few months before her layoff, her team... — read more
Layoff process and severance package
What will be the layoff process for impacted employees in HQ US? Will mgr let employee know or it is HR? How much notice ? Also, how to estimate severance package? Is this negotiable in some way?
Seriously, no layoffs lately?
Was there a significant decrease of layoffs at Oracle, or have the people just stopped posting about them? I remember when folks reported layoffs at specific locations on this board, but in the last couple of weeks all I see here is general talk and... — read more
I'm thinking she's not living up to her own quote. What do YOU think?
https://www.forbes.com/sites/angelauyeung/2019/03/05/a-rare-find-in-silicon-valley-a-new-woman-billionaire-in-tech/#3529ac52557b “You can recover from being stupid, but you can never recover from being a liar,” Catz said. “Integrity is a perishable... — read more
Unofficial official layoff report 3/10/2019
No major layoffs this past week. Total since 6/1/2016 remains at 20,396. Would not be surprised by another layoff following this coming week’s earning report. Keep looking!
I wonder how the numbers would look without stock buybacks?
The oldest trick in the book, when you want an artificial raise of the stock, and the Oracle leadership is not shy of doing it on a big scale. Any way to find out the realistic value? I doubt it, but it would be certainly interesting to see.
Oracle UK tweaks financial reporting, sees revenues rise
https://www.theregister.co.uk/2019/03/08/oracle_uk_accounts_2018/ In reality there is no revenue boost, they just switched how they define their work. At some point Oracle is going to run out if accounting tricks and then the bottom will fall out.
When is the next wave?
Mar 15?
Earnings call next week. Predictions?
Any predictions for next week's earnings call on the 14th? Here is some advice from another post that you should keep in mind: Remember there have been big stock buybacks and they have auth to buy $12b more. This will make earnings per share look... — read more
Bad promotions all around
Architects protecting their turf, and not letting new tech adopted is another problem. Unfortunately, they are protected by management and VP from: @XXIORef-1agr Oracle is in deep doo-doo and the management never wakes up. A lot of the VPs don't know... — read more
How comes posts getting wiped out in here?
I just commented here on something a few hours ago and now the entire thread is gone. So much for "independent" discussion board. I guess the same goes for your privacy.
Will the earnings tell the story?
I get it, if the numbers are not so good then cuts are almost certain, but I tend to think that even good numbers on the earnings report don’t necessarily mean that any of us is safe. Think that they made their mind up regardless of the results... — read more
When will we have a more clear picture how much the company wants to cut its workforce?
I think every quarter it the same story. People keep saying that with the earnings report we will have a more clear picture of what the company is planning, but that never happens. Layoffs are always a possibility at Oracle, but will the time come... — read more
It's "pseudo code" dipshit...
It's "pseudo code", not "sudo code". It's not a linux command. Oracle "architect", can't expect much there, can you.
Layoffs after earnings on Thursday, March 14th?
REDWOOD SHORES, Calif., March 6, 2019 /PRNewswire/ -- Oracle Corporation today announced that its third quarter fiscal year 2019 results will be released on Thursday, March 14th, after the close of the market. Oracle will host a conference call and... — read more
Is T–d a billionaire yet?
A Rare Find In Silicon Valley: A New Woman Billionaire In Tech https://www.forbes.com/sites/angelauyeung/2019/03/05/a-rare-find-in-silicon-valley-a-new-woman-billionaire-in-tech/