This is the company ( https://preferredstrategies.com/ ) that has one of the most informative pages about Oracle.
Hoping for layoffs
I, for one, are hoping for large layoffs. There is so much dead wood at Oracle that needs to be pruned. The longer the dead wood hangs on, the worse things are to have to work around them. I think Oracle could revive if it could get rid of the people... — read more
is the RIF Reaper is paying a visit to OCI this week?
Rumors abound - seems like those who are not primarily technical / hands on will be most likely to be sent to the abattoir
March 21st
RIFs are coming, that is all.
Lessons in deception
Here's a lesson in deception that everyone can learn from. Let me start by telling a story from maybe 25 years ago, which is a much simplified version of this scheme. I used to work for a defense contractor doing aircraft routing. We had a group of... — read more
Involuntary Internal Transfer
After a decade here, I was transferred laterally into a new department. I did not ask for this; I was nominated, and notified after the fact without any say in the situation. The person who suggested I be the one who got moved was my former manager... — read more
The Supreme Court ruling- Oracle needs to refund $12.8 million to Rimini Street
“Today, the U.S. Supreme Court issued a unanimous decision of national significance in copyright law, reversing earlier decisions by lower courts and ruling that Oracle must return $12.8 million in non-taxable expenses (plus interest) that Rimini... — read more
Warren Buffett Joins the Crowd Struggling to Understand Oracle
https://www.bloomberg.com/news/articles/2019-02-26/buffett-joins-crowd-struggling-to-assess-opaque-oracle Buffett may understand a little more than he let on. He cited the success of the two market leaders in cloud computing, Amazon.com Inc. and... — read more
Amazon 88% off Oracle, finishing this year
Andy Jassy said it takes work to move off Oracle and a lot of companies are doing it. Also talked about how they cut prices. https://www.cnbc.com/2019/02/28/aws-ceo-andy-jassy-its-really-easy-to-lower-prices.html Is LE still talking?
It's ridiculous
It's ridiculous. They layoff employees, hire overseas to cut costs.... and all the time the guys at the top take more and more money for themselves. Why does Oracle need two CEOs? and on top of that I'm sure LE makes a bundle. It's really like there... — read more
I hope the court DOES overturn the lawsuit!
https://amp.businessinsider.com/oracle-google-supreme-court-java-android-2019-2 Oracle is suit happy. How about earning revenue from your products instead of lawsuits?
T–d’s failing class of s-t program
So I hear T–d’s class of program is doing worse than ever - now there’s a surprise! What could possibly go wrong when you replace seasons sales reps with a bunch of kids fresh out of college who on average stay with oracle for some 6 months or so!... — read more
There are too all hands meeting!
What else can you talk about with all these all hands meeting. Unless you are telling us the exact date on when exactly we see a pay raise or a bonus on our paychecks, all your hands on meeting is MUTE at this point!
Berkshire effect on Oracle
After Warren Buffett has sold Berkshire's stake in Oracle, the Oracle stock price keeps raising. The price might cross the max very soon.
Anybody else shocked?
How long has it been without any more layoffs? The year certainly started well. Is it too early to start to think that job security might once again be a thing at Oracle?
Unofficial official layoff report 2/24/2019
No major layoffs this past week. Total since 6/1/2016 remains at 20,396. Keep looking folks while the economy is still going strong or you’ll get locked in at oracle.
Another suit?
https://www.theregister.co.uk/AMP/2019/02/21/biz_sues_oracle/ They keep pulling this nonsense and more clients will pull out. You promise and don't deliver?
Pay cuts rather than layoffs?
I don't know if the rumor is true, but it does make sense to do paycuts rather than layoffs. Cheaper for Oracle and gives the employees room to think about whether they want to continue to work there without being suddenly laid off. On the other... — read more
Not layoffs exactly it's the PC word... Pay Cuts!
Funny that someone posted a request for a pay hike that went all the way up to LE, cause the plan is the opposite. Rumor has it the executive team is looking for "growth" they cant seem to find it. Wall street likes growth. Oracle has only 3 Hopeful... — read more
Unofficial official layoff report 2/17/2019
No major layoffs reported this past week. Total since 6-1-2016 remains 20,396. Likelihood of layoffs after the earnings call looks ominous. Keep looking while they economy is still going strong!
WB invested only for a single quarter!
The company had a position in Oracle for a single quarter. From: https://www.cnbc.com/2019/02/14/oracle-stock-falls-after-berkshire-dissolves-its-stake.html
You can see the shares outstanding history for Oracle here
https://www.sharesoutstandinghistory.com/orcl/ Looks like they've been reducing since 2012 or so. But the downward curve is steeper in the last year.
How was this quarter?
We are coming up again on the end of the quarter. How were sales this quarter? Was there a massive recovery? Have customers started to flock to Oracle in droves to buy into the Oracle cloud? Or was WB right to get out?
Oracle Board Authorized Buyback up to an Added $12b
O yea peons, now you know where your raises went.
Berkshire dumps all of ORCL less than a year of holding it
This is all that you need to know about this company.
Oracle getting sued again?
https://www.theregister.co.uk/AMP/2019/02/13/oracle_cloud_sales/
Unofficial official layoff report 2/10/2019
No major layoffs this past week. Total since 6/1/2016 remains at 20,396. Do not get lulled into believing that there are not more layoffs coming, there are.
OOW in Dubai and next in Singapore
What is the plan of doing OOW all over the world ? Is it loosing it’s value, popularity and participation from the customers and the partners?
LE is 75 years old this year
5 years away from 80...
Oracle investors are just plain stupid
How can anybody be so dumb that they still own oracle stock? Mind boggling! Oracle cloud offerings s---, customers hate oracle, cloud revenues are pure fiction, and management, especially the 3 stooges, are grotesquely overpaid baboons. If you have... — read more
Town Hall Meetings
I have observed that there have been a number of town hall meetings lately for different teams. Usually these are few and infrequent. Is this a new drive for more openness or a broad effort across the organisation to get them in before re-org so that... — read more
Oracle fires 5% of the Data Cloud division
See https://www.bloomberg.com/news/articles/2019-02-06/oracle-didn-t-see-the-data-reckoning-coming
Oracle layoff package UK?
Hi all, I've been hearing that the UK has a decent package etc, but does anyone know how much is it etc? Also, do you guys know what happens to a consultant that at some point decides that can't travel anymore (and there are no other positions... — read more
Layoffs?
Anyone hearing when the next round is coming? What orgs and areas?
Morally what Oracle does is very questionable
Morally what Oracle does is very questionable. As an employee - if you honestly give your all to Oracle - work hard and to the best of your ability - put in your 8-10 hours a day - take weekend and out of hours calls with good grace - keep yourself... — read more
Instead of layoff announce voluntary retirement
voluntary retirement would be the best option for the employees above 10 years of experience in oracle who no longer willing to work and waiting for the company to layoff them.
Will OCI-C QA org still be lay-off ?
Anyone could update on it ?i see their org boss has been changed