Thread regarding Oracle Corp. layoffs

@TL8zFN6-nbu : totally agree.

they must have considered the impact of hiding the real cloud numbers versus showing them, and must have taken the minor loss decision.

so considering that now stock is down more than 8%, and another analyst has downgraded ORCL, question is: the real numbers are really so bad (no growth at all??) that a -10% on the stock is acceptable versus the loss that could have been with the disclosure of the numbers?

and, how long can we go on like this? have they thought about a recovery plan? or are they just thinking about layoff people to show at least some marginality even with less revenues?

I assumed cloud revenue would be down, but it never occurred to me that they would actually HIDE the numbers entirely. LOL.... agree ship going down.

The stock is down over 7% to under $43.

Cloud fraud gig is up - stock going down, down, down

Appearances are very important. They know that. They would not have presented the numbers in the way they did, if they were not trying to hide something.

They wouldn't make it look suspicious if they could have possibly avoided it.

While Oracle may be able to justify yet another change to reporting as it incorporates new accounting standards, appearances are important. This change appears to be a way to hide numbers that have been disappointing to investors and weighed on the company’s stock, which should make any investor very wary.

They must have decided they couldn't cover it up with cloud washing and fake numbers anymore. That means to me, that cloud revenue is unbelievably bad, so bad they cannot simply inflate it, and they absolutely can't risk showing it to anyone.

Game over. Dead company walking. Rats are taking the ship down.... or whatever you want to say here.

If you were waiting for the earnings report to make a decision, this should do it. If you are a competent employee, get your resume together and get out. Leave the country club rats to go down with the ship.

Obviously there's a lot they don't want anyone to see. Hiding all their cloud revenue.

The fact that Oracle no longer plans to break out its cloud revenue by itself could be heightening investor nervousness about the company's guidance. Before, there was a "total cloud revenues" line in Oracle's income statement, along with lines for cloud app (SaaS) revenue and cloud app platform and infrastructure (PaaS and IaaS) revenue. Now, SaaS, PaaS and IaaS revenue is grouped with traditional software license update and product support revenue, while another line item covers software license revenue.

Oracle's explanation for this: It recently launched (to much fanfare) a bring-your-own-license (BYOL) program that lets buyers of its flagship database and some complementary products use their licenses either on Oracle's cloud infrastructure or their on-premise infrastructures. For that reason, Oracle argues, licenses covered by the BYOL program can't be strictly defined as on-premise or cloud, nor can support revenue related to these licenses.

However, BYOL only directly impacts Oracle's PaaS cloud revenue. It doesn't appear to impact Oracle's SaaS revenue (the majority of its cloud revenue, as it was previously disclosed), and only impacts its IaaS revenue to the extent that clients choose to spend more on Oracle's cloud infrastructure services thanks to BYOL -- a concept that, it should be noted, was already supported by Microsoft (MSFT) and Amazon's (AMZN) cloud platforms.

Cloud is overwith at Oracle.

New way to cover it up the detail, but people start question why and find out there is something wrong.