The results for March 1st dropped the stock price from around $52 to around $45. That's a 13.46% drop. More bad news to be expected in the year as Oracle's news was that cloud growth will continue to slow. So, suppose the stock drops the same amount... — read more
Will there be layoffs by June 1st?
There were some very long and detailed posts about massive layoffs before June 1st. It appears that a lot of money has been earmarked for severance packages. However, someone else was saying that this money does not necessarily have to be spent all... — read more
The two categories of people reading this board
Former employees who were RIF’ed and now have a hair up their arse toward Oracle and have nothing better to do with their time than spread FAKE news on this board. Current employees who are worried about these FAKE upcoming RIF’s posted by employers... — read more
How Oracle Plans To Beat Amazon: Next-Gen Cloud Software Requiring Zero Human Labor
Leveraging his long-game vision and his company's unmatched database-technology expertise, Oracle founder Larry Ellison said Oracle will beat Amazon in the cloud by releasing over the next few months a sweeping set of "self-driving" cloud solutions... — read more
Why Move to the Oracle Cloud
Oracle helps customers develop strategic roadmaps and advance their journey to the cloud from any point: new cloud deployments, legacy environments, and hybrid implementations. Oracle's complete, integrated approach makes it easy for companies to get... — read more
MSFT speeds away
The reorg at MSFT is right on and will help them further pull away from oracle. Oracle completely incapable of redeploying resources and putting new people in charge. Stuck with the 3 stooges and TK, like the dinasours waiting for a meteor to wipe... — read more
Cloud Washing
Oracle's "cloud" is crap and that's why no one is buying it -- except for existing on-prem customers who are being dragged into the cloud via cloud washing (i.e., cloud credits). Potential customers who have not dealt with Oracle before do their... — read more
"..Oracle founder LE said Oracle will beat Amazon in the cloud over the next few months.."
what is he smoking?????? "..Oracle founder Larry Ellison said Oracle will beat Amazon in the cloud by releasing over the next few months a sweeping set of "self-driving" cloud solutions that Ellison claims are simply beyond even Amazon's ability to... — read more
Oracle Won ....Google loses legal battle over Java, faces $9 billion fine
https://www.inshorts.com/en/news/google-loses-copyright-case-for-java-faces-$9-billion-fine-1522232949572 A US court has ruled that Google violated copyright law when it used computer software company Oracle's Java APIs to create the Android mobile... — read more
Going down, down
Clearly the spin and spam oracle is putting out is not working - stock down to $45.21. Time’s up 3 stooges! Ah, the margin calls LE, got to love it. Down, down .....
How are things at Oracle?
I was laid off two years ago, but I have to admit I still miss working at Oracle. I loved my job, had great coworkers, and even managers. I have a new job, but it's not the same. How is the situation there these days? Are layoffs still an omnipresent... — read more
For those who don't believe there is a huge layoff round incoming
This was posted in another thread as an answer to a post skeptical of big layoffs ( @Sm4jhmi-1xfm ), but I thought it should stand on its own as it is a perfect rebuttal: Wow. $1,114,000,000 dollars set aside to layoff people at oracle by the end of... — read more
Q3 FY18 Cloud Revenues Up 32% to $1.6 Billion and Total Revenues Up 6% to $9.8 Billion
REDWOOD SHORES, Calif., March 19, 2018 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2018 Q3 results. Total Revenues were up 6% to $9.8 billion, compared to Q3 last year. Cloud and On-Premise Software Revenues were up 8% to... — read more
IS ORACLE A FUN PLACE TO WORK?
DO YOU HAVE GOOD TIME AT THE COMPANY, ARE THERE FREE SODA AND COFFEE, ARE THERE LEARNING OPPORTUNITY FOR THE STAFF WHO WORK THERE? WHAT ABOUT THE SALARY IS IT A GOOD ONE AND DO YOU GET BONUS IF YOU WORK HARD. I WANT TO KNOW.
Oracle Autonomous Database Cloud -- LJE "Autonomy means no human labor, no human error, no human cost"
Oracle Autonomous Database Cloud -- LJE "Autonomy means no human labor, no human error, no human cost"
Oracle CEO Safra Catz on AI, The Fear of Change, And the Power of Customers
Oracle CEO Safra Catz on AI, The Fear of Change, And the Power of Customers https://www.linkedin.com/pulse/oracle-ceo-safra-catz-ai-fear-change-power-customers-bob-evans/ During her 19 years as a top executive at one of the world's most-influential... — read more
Why do you have layoff when the company is hiring
I don’t understand how you have layoff and new hires at the same time. The company is hiring many new employees but you say there are layoff, maybe it is because the current employee make too much money and it is cheaper money to hire new young who... — read more
Unofficial official layoff report 3/25/2018
No major layoffs reported this past week. Total number of employees laid off in FY18 YTD remains at 8,680 and since 6/1/2016 at 18,680. Plenty of powder left in the FY18 restructuring reserve, does not boad well for remainder of the year. Good luck... — read more
Cutting costs, cutting jobs, and laying off workers, all with the new Austin digital campus. - Just the facts
MH is known for one thing; reducing employee costs. The symbolic opening of the "Class of Campus" in Austin with room for 10,000 workers is the sign of what is to come at Oracle. https://www.builtinaustin.com/2018/03/23/oracle-new-austin-office On... — read more
Is Oracle a good opportunity for my first job
I graduate in June and am looking for my first job.
Oracle Sales Cloud is dead
It's official now-Sibel is back with same multiplier as Sales Cloud. In simple English one can sell Sibel and still earn the same comission as Sales cloud till Oracle's fixes it's Sales cloud. Oracle leadership seems to have admitted that Sales cloud... — read more
"...Austin Campus is Going to Grow to 10,000 Employees..#!$#!%
"...create an inviting experience for its employees with veranda views of the lake, an onsite full-service cafeteria, gym ...#^#" ---Austin commute times getting worse... — read more
Finally the Truth comes out. "Why Oracle's Earnings Beat Didn't Prevent a Stock Price Beat-Down"
Finally the Truth comes out. "Why Oracle's Earnings Beat Didn't Prevent a Stock Price Beat-Down" THANK YOU.......Motley Fool Asset Management's Bill Barker. We know who are the real fools!! It's not rocket science folks. The 3 idiots cannot face the... — read more
ORCL Cloud Revenue keeps Declining Quarter after Quarter.
ORCL Cloud Revenue keeps Declining Quarter after Quarter. https://finance.yahoo.com/news/oracle-apos-cloud-biz-heading-183610000.html
If there is FUD on this board think: who gains by it?
Competitors. That's not to say there haven't been layoffs. The layoff knife sliced 50% Jan 2017, then again another 50% Sep 2017 in my area. Oracle is attempting to change, execution on that plan is key, and we all get to see how that will go. Yup... — read more
SHOULD I ACCEPT OFFER FROM ORACLE
I AM NEW GRAD AND START MY NEW CAREER AND HAVE WRITTEN OFFER TO JOIN ORACLE AND I WILL WORK HARD FOR THEM> SHOULD THIS BE A GOOD PLACE TO WORK?
Oracle’s Founder Larry Ellison Says Austin Campus is Going to Grow to 10,000 Employees
Oracle’s Founder Larry Ellison Says Austin Campus is Going to Grow to 10,000 Employees LJE has big plans. “I think this facility is going to grow to about 10,000 people,” Ellison said. “We have big plans.”... — read more
LE’s margin calls
Enjoy the margin calls coming your way with the stock at $45.75 and sinking LE - that’s what happens when you hand on to too much stock and borrow against it. And now comes private securities litigation over cloud washing, not gonna help the share... — read more
The pride of the “Class Of” program
http://Www.lifeandstylemag.com/posts/Lincoln-from-the-bachelorette-156336 Read the article. It’s an Oracle “Class Of” employee. Just hilarious stuff.
HYPE: Oracle's Austin campus is the launch pad for the company's Next Generation Contact Center (NGCC), which is built on the Oracle Sales Cloud
https://www.prnewswire.com/news-releases/oracle-opens-state-of-the-art-cloud-campus-in-austin-texas-300618011.html REDWOOD SHORES, Calif., March 22, 2018 /PRNewswire/ -- Oracle unveiled its new Austin, Texas campus as a sales innovation customer... — read more
..." 'Customers are sick of it'..
many years ago when I started w oracle-- I was told there are 3 choices; " Sell, deliver, develop".. we know what happened to sales team..delivery? as of now non-existent we all know about consulting mess.... that leaves us with development.. forget... — read more
FORBES: Oracle And Its Cloud Business Are In Great Shape--And Here Are 10 Reasons Why
FORBES: Oracle And Its Cloud Business Are In Great Shape--And Here Are 10 Reasons Why Enjoy the lies. Last paragraph. ".... then you're also betting against Larry Ellison. And you're betting that he's wrong. And that this time, he's going to fail... — read more
Get ready for massive layoffs! Latest 10Q Shows the final round of severance packages have been accrued.. but not paid
Get ready for the biggest layoff in the past ... decade? Its will be bigger than anything that happened this year so far. Here is an interesting thing to consider, how the Oracle 10q shows how much will be paid out in the final round of severance... — read more
Justice is served... watch the turd squirm live on CNBC
The turds reign of terror rapidly approaches an ignominious end. Justice will be served live on TV. I'm sure the turd will use his spin doctor skills. In an EXCLUSIVE CNBC interview, Oracle CEO Mark Hurd will sit down with CNBC's Josh Lipton on... — read more
Oracle is a great place to work
The commenters here are very angry they got the RIF but sometimes that happens when a company changes but overall Oracle is a good place to work, or for me it has been very good and I like my manager, there are bad teams but that is true at all... — read more
Should I accept a job offer from Oracle?
I graduated last year and was offered a job in the Cloud? Would this be a good opportunity to learn at Oracle?
Oracle's lack of developer appeal is killing its cloud business
https://www.techrepublic.com/article/oracles-lack-of-developer-appeal-is-killing-its-cloud-business/ Love the closing paragraph, in particular: "Oracle is actively trying to hire a new executive to run developer relations. This can't happen soon... — read more
Oracle in the top 10 most desirable place to work 2018
https://www.linkedin.com/pulse/linkedin-top-companies-2018-where-us-wants-work-now-daniel-roth/
too much Cloud?..thats why LE launched his latest startup, hydroponic indoor food production..this week
so.. who is going to fix the mess? --- LE is busy growing lettuce.. ============= ..Billionaire Oracle Corp. cofounder Larry Ellison this week launched his latest startup, which will focus on automated, hydroponic indoor food production. Los... — read more