Topics regarding layoffs at Oracle Corp.

Topics regarding layoffs at Oracle Corp.

Collateral calls

LE - how much collateral did you have to put up today? What does tomorrow look like. Let me know when you’re ready to sell the island. And hey, LE hate to tell you - there is a God after all!

Layoffs needed to make up $15B market cap loss

Oracle $ORCL is getting hit hard today after earnings. It's down 7%! That's almost $15 billion in market cap gone. In just a few hours. stocktwits.com/symbol/ORCL Update your resumes boys and girls. Be smart and get out before they show you the door... — read more 

Oracle could be feeling cloud transition growing pains

https://techcrunch.com/2018/06/20/oracle-could-be-feeling-cloud-transition-growing-pains/ See how they broke out the cloud revenue loudly and proudly in March, yet chose to combine their cloud revenue with license revenue in June. “Generally... — read more 

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| 760 views | | 1 reply (June 20, 2018)
Post ID: @OP+TLunmer

What time is it?

It’s time for the 3+1 stooges to go! Has been for a long time, covered up by cloud fraud.

Just the Facts

The facts seem to be straight-forward: Oracle started extremely late to the cloud. Later than all the other cloud players. Oracle was made up primarily of employees who know absolutely nothing about web development and cloud applications. Oracle... — read more 

Oracle stock falls after Wedbush downgrades to neutral

Oracle will now trigger the restructuring costs. Expect RIFs to begin soon and last over the next 3 to 6 months. This coming directly from our VP in NA Sales. Wedbush analyst Steve Koenig downgraded Oracle Corp. ORCL, -6.47% shares to neutral from... — read more 

Future RSU's in Layoff

Any idea what happens to future RSU units allotted to an employee when he/she is RIF'd

Sour Sentiment

https://www.wsj.com/articles/oracles-past-surprises-on-guidance-leave-analysts-wary-1529402401 SOUR SENTIMENT: In each of the previous three quarters, Oracle management shook investors with guidance that fell below expectations. Three months ago, the... — read more 

So much for hardware being dead

Hardware revenue was up slightly this FY. Time to put th scaremongering to bed people. Oracle is now entering a period of sustained growth with them being a top tier Cloud company. The Big Three is now Four.

Oracle Earnings

https://www.cnbc.com/2018/06/19/oracle-earnings-q4-2018.html The stock rose slightly in extended trading after falling 0.5 percent to $46.27 at the close. But after the company provided guidance, the stock tumbled. The company stopped providing... — read more 

Any large action will take place after FY18 results

Oracle announces its figures for FY18 this afternoon after the market closes. Until then, they're in a quiet period. Announcing or having big layoffs would telegraph the results, so they're not about to do that. Watch the stock price in the... — read more 

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| 1440 views | | 4 replies (last June 19, 2018)
Post ID: @OP+TKSMtU0

NA ECA layoff started

I am a cloud sales rep in NA and was told by an ECA manager that I would be losing my ECA "in the next two weeks" due to reorg. He couldn't tell me more except the role would be covered "centrally" and I think it was just a courtesy since we have a... — read more 

From Forbes

https://www.forbes.com/sites/petercohan/2018/06/15/1-5b-snowflake-computing-is-beating-oracle-in-15b-data-warehousing-market/amp/

Oracle’s next

The government just filed wire fraud charges against the ceo and president of Theranos, another company that committed massive fraud, oracle and the 3 stooges is next

Interesting sell off by someone high up in Oracle

Someone in the know sold 979,402 common shares of Oracle Corporation in the open market. In a transaction dated May 04, 2018, the shares were put up for sale at an average price of $45.4, raking in a sum of $44,464,851. After this sale, 22,983 common... — read more 

Support

How sad is it that the only team that seems to be safe is US Cloud Support? Everyone else is battling for their job and everyone i talk to in support says they cannot hire fast enough. This seems very backwards.

So much for employee success and opportunity

The rumor for the Platinum division is they need to find homes for about 50% of the staff. Their headcount goals to “effectively” run the Platinum offering is 10 managers with a 10 to 12 CSM to manager ratio. Multiple versions of spreadsheets exist... — read more 

Sustainable success

To the exec line up: Stop forgetting the words of Ed Oates, our co-founder : “In a band you’ve got different people with different attitudes and skills coming together to achieve a common goal. When it works, the outcome is greater than the sum of... — read more 

North America Customer Success Fy19 Call

CB reading from her carefully written script. A line up of speakers all from the OMC leadership. We are giving customers the best in our Platinum offering. Are we really??? Lots of hype of how great it is and did we hear CB say “bestest” again? What... — read more 

Another hopeless Consulting re-Org..

as usual promoting the re-org by EVP/ RG --kicking out previous consulting SVP/ ( MG ) [ BTW.. what a waste of pay for 2+ yrs..) --thank him for doing nothing but begging sales people for 2 yrs. to throw a bone to consulting--and sending powerpoint... — read more 

Another interesting read

https://seekingalpha.com/amp/article/4180531-love-oracle-opportunity

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| 663 views | | no replies yet
Post ID: @OP+TBBYj7x

I could deal with layoffs...

...if they actually got rid of the right people. What we are seeing on nearly weekly bases is some of the best employees being cut from the company over and over again. We are already seeing that reflect in Oracle's results, and yet there is no... — read more 

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