I've noticed a trend where posts call for Oracle's "demise" or people being happy we're losing customers and whatnot...why? If you want to lose your job that badly you can just quit. Why wish for everybody who works here (and that's a lot of people) to lose their job just because you don't like it here?
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Oracle is not a place where you want to work and be mediocre. It is not a place where you should work if you need hugs from upper management just for doing your job (or even doing a good job -- that's expected). Oracle is not the place to work if you're a bit of a coaster and just kind of "mail it in" while some people around you bust their humps every day. But if you're the type of person who works hard to excel at your job, and you strive to be a positive leader on whatever team you're on -- you'll get promoted, receive more and more RSUs as you move up the ranks, and find that Oracle will reward you for your efforts. Perhaps some of the posters were hard-working, great employees, but I'd be willing to bet that 95% of the people who write about the company with such distain likely weren't one of those positive leaders. There's PLENTY to legitimately complain about at any large company. You can work through it or spend time complaining to those around you. Guess which category most of these posters fall into?
Toxic company culture is the No. 1 reason workers are quitting jobs, survey finds
PUBLISHED WED, APR 13 20229:45 AM EDT thumbnail
Nearly one-third of employees are considering quitting their jobs and one-quarter resigned over the past six months, according to a FlexJobs survey.
The No. 1 reason for resigning was “toxic company culture,” with low salary, poor management and a lack of a healthy work-life balance following closely behind.
Reduced layoff activity? Sure. Not completely gone.
Sure, there will always be small layoffs, it's how large firms get rid of "deadwood".
I disagree about no layoffs at tech firms. These companies are still merging and acquiring each other. There is ALWAYS human fallout from that. Layoffs, re-assignments, find another job in the company deadlines and the like.
Google Cloud just reorganized their support sending jobs to India. Just after Google announced their purchase of Mandiant.
Reduced layoff activity? Sure. Not completely gone.
Well, it doesn't really take that many people to post about how they wish for Oracle to fail. Why do they do it? I suppose they were possibly laid off and took it very personally and perhaps have a chip on their shoulder. I would think that most of the laid off just found another job and didn't look back. If someone were to ask them if they recommend working at Oracle, I wouldn't be surprised if they said that they did not. But it's one thing to do that vs. spend so much time on this board saying what they do.
Anyway, I have always thought the value of this board was for learning about pending layoff rumors or facts. Saying that Oracle is horrible and deserves to die isn't very helpful in that regard. Given the current shortage of people to hire I don't think there will be layoffs at Oracle or any other tech firms, at least for a while.
I requested advice from other investors that, I know based primarily on this thread which, often and are aware of the issues. I got back over 3 pages of ideas, recommendations, and concerns which, I will condense and share.
@1trq+1gdGnR1K Thanks for the thoughtful post. Unfortunately, where this all falls over is with LE. First and foremost you have to understand that the guy is a complete narcissist and that colors all of his management actions and decisions (I suggest doing an internet search on narcissistic behavior and reading about it on your own in order to better understand what I'm talking about).
Everything a narcissist does is intended to bolster themselves, with complete disregard of and at the expense of everyone else. Children of narcissistic parents are pitted against one another such that each is put in a position where they are vying for the parent's approval. This is not unlike how LE cultivates conflict between divisions - similar behavior results where SVPs are all trying to "come out ahead" of their peers in order to gain LE's approval - it is a very destructive approach. Anyone who has worked at Oracle for awhile has seen this repeatedly, in division after division, and in manager after manager. It's sick.
So LE's goals are not the same as the goals of any investor - rather they are twisted into something non-sensical, at least to any outside observer. So don't get your hopes up. Even if/when LE passes, there's so much baggage as a result of the guy that its difficult imagining anyone being able to turn this thing around. Yeah, I suppose it could happen, but it would take the sort of leadership genius that is going to be tough to attract to a company like this one. Bottom line - lower your expectations as far as anything improving here ever.
I requested advice from other investors that, I know based primarily on this thread which, often and are aware of the issues. I got back over 3 pages of ideas, recommendations, and concerns which, I will condense and share.
Their focus on Product Development and the need for new leadership. It is vital. It is important to investors but also to all involved with Oracle. They are suggesting that they contact upper management with their ideas and concerns.
They believe Oracle is a good investment but needs serious changes. Employee abuse needs to be dealt with as well as, patents. Human Rights is a priority. Corporate greed victimizing employees (patents) is unacceptable. Much was said about shifting blame and current leader getting paid big bucks to take responsibility and not ...is grounds alone to recommend termination. They mention replacement should happen ASAP.
I don't think that people want to see Oracle fail. What people see is a company that seems to refuse to accept reality and change. Example of this is why we're so late in the cloud business. And it is with everything in this company. Higher management refuse to accept that our products are slow, have a LOT of bugs, bad support, bad interface and keep pushing the same old fashion development. Young developers don't want to deal with Oracle products. Companies are tired of our support. Even employees are tired of our own support. As longs as the company keep doing the same old 90's and 2000's stuff we will struggle.
Karma? Honestly they’ve played dirty with most, if not all, of their employees. Most good ones did leave and now they are left with hangers on.
Not even COL adjustments over a great many years. Inflation ain’t no joke.
Who said anyone was "happy"? Have you really read many of the posts? People are reporting their experiences and disgust, but I don't see any semblance of "happy". I also do see people that are highly critical of a highly toxic, unethical company that lies and abuses its employees and customers on a daily basis. The culture of toxicity extends from the top down and is not only tolerated but encouraged. I personally have zero skin in the game and haven't for four years now. In fact, my experiences was largely positive but was eyewitness to things that were most definitely were NOT. The worst part is that it is all so unnecessary. Companies are trying to get the Oracle monkey off their backs (and yes, they consider it the equivalent of an addiction) and you have providers like Amazon trying to sever all lines with the company as well.
If anyone is OK with this behavior, then they are part of the problem. a very very bad problem.
As I posted previously, I wouldn't buy a #2 pencil from Oracle. It would probably end up costing me $2000 for the audit and then the ensuing service contract and cloud credits I'd be blackmailed into buying.