Thread regarding Oracle Corp. layoffs

Oracle needs to start building things

They need to start building things instead of buying things. In order to build things you need builders. If you're just buying things all you need - and value - are accountants. When all you do is buy things then the builders become unnecessary and unvalued. They leave for places where they can solve interesting problems and get paid very well.
The other problem is that in every all-hands meeting the issue of pay and compensation is brushed off with platitudes like 'performance based compensation' which is an outright lie. Our best employees are telling us otherwise by leaving for better paying companies and our attrition rate shows this. We have so many coverage gaps and it is so hard to find qualified employees at the rates we pay.

@2hqf+1gcw5rjr makes a great point.

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| 1701 views | | 14 replies (last April 23, 2022) | Reply
Post ID: @OP+1gfBKWFc

14 replies (most recent on top)

you are shifting or can’t read well. How would I know when anyone purchased their stock unless they told me and I only know one person in that group. Diff times over years du----s. You try to use mind control to manipulate others, I don’t care facts are facts. You

You will crash and burn eventually you’ve hurt a lot of people and will come back to you.

You sound hateful and angry. Problems at home?

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Post ID: @9wdw+1gfBKWFc
They need to start building things instead of buying things

This should be past-tense: Then needED to start building things instead of buying things.

It's too late now. The company is full of employees that can't do that kind of work. It's not going to happen. Even the attempt to create OCI by bringing in people from the outside has failed.

Oracle is a done deal. It is a past-tense company.

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Post ID: @4lsr+1gfBKWFc

As a writer, Charles Di-kens was paid by the word. Seams that things haven’t changed.

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Post ID: @3gtv+1gfBKWFc

Not trying to shift the focus here. Also not sure how anyone doesn't know when they invested in a company. Maybe that makes me old school - ie, paying attention to where my money goes.

you are shifting or can’t read well.
How would I know when anyone purchased their stock unless they told me and I only know one person in that group. Diff times over years du----s. You try to use mind control to manipulate others, I don’t care facts are facts. You
You will crash and burn eventually you’ve hurt a lot of people and will come back to you.

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Post ID: @3wch+1gfBKWFc

Not everyone lies and tries to manipulate truth by distracting focus & degrades others. The difference here is many in these posts are talking about corrupt, abusive management. An honest person would not be so quick to scold others and try to change the direction of the discussion. Looks like many have been kind to mention much so that things can be corrected & cleaned up.

There are many investment groups. Not just this one. This investment group is real. MarketWatch, Forbes & others suggest Oracle as a long term growth stock. Not everyone sells when there is a dip.

Not every employee quits when they mention something to management & is told “if you don’t like it, leave” &/or “you must really hate yourself if stay in a job you hate”.

Many are honest and believe Oracle is a good company and simply want to see change where there is unacceptable corrupt illegal patents filed.. If the shoe fits wear it. In other words, take responsibility for your actions. Badgering makes you look guilty.
These are people that have shared true experiences. This is not made up. It’s not a game. It’s serious. Looks like former employees that were fired, bullied to leave or just left do not want others to experience the pain that, they did.

Employee abuse, stealing inventors patents, rolling out UNdeveloped product are serious matters. Unbelievable this has and is going on. It is wrong. It’s mind blowing and very disappointing. . From reading posts there is no accountability for those that are assigned & paid to be responsible. This is troubling for many to discover. Investors, potential investors, employees, former employees and customers have a right to exercise their rights when corrupt behavior is found in a publicly traded company that many have invested - be it, money &/or their careers. No one wants Oracle to fail and it won’t if those that are corrupt are weeded out.

People poured out their hearts, shared painful personal experiences and to get back insults to distract confirms much.
For every action there is a consequence.

Deflecting from truth, not taking responsibility can cause more problems and more serious consequence.

People are important and those that have abused others in any way including rolling out UNdeveloped product advertising to do what it can’t, that has been purchased by customers probably should be the ones that need to “leave if, they don’t like it” and stop the many levels of abuse.
All of this and illegal patents filed fall under the same department. The developers did not this, mangers and directors have to do what they are told or else they get fired. This leaves one person. The one that paid to take responsibility yet, he blames everyone else for everything. If you are that person then, you have hurt many people, taken advantage of the company and everyone associated with it.

I would be worried if I was the one involved. If this involves you then you might want to resign and get as much distance from this as possible. Better to leave with some diginity, learn your lesson and go far away and maybe things will die down. You obviously are not cut out for this job. If not, truth wil no doubt be exposed & most likely things will be ugly. Oracle will attract alot of media attention. Finding these things out from these posts are disturbing. The inventors detailed post is heart breaking. No one should have that happen. and every person that
knows about this has a responsibility to
report the wrongful doing.

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Post ID: @2zas+1gfBKWFc

Exactly. This so called investor is likely just trolling. All nonsense.

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Post ID: @1hnb+1gfBKWFc

This is all ridiculous. There are no such investors. When investors don’t like what a company is doing, they just move their money elsewhere. They don’t try to internally change the company.

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Post ID: @1dvd+1gfBKWFc
how would anybody know when they bought. the point is the facts shifting focus does not change facts.

Not trying to shift the focus here. Also not sure how anyone doesn't know when they invested in a company. Maybe that makes me old school - ie, paying attention to where my money goes.

Regardless, I'm just curious since overall ORCL is way up from way back when I joined. E.g., it was around $50 for years and since the buybacks started it's probably gained 50%

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Post ID: @1fxw+1gfBKWFc

how would anybody know when they bought.
the point is the facts
shifting focus does not change facts.

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Post ID: @1vbh+1gfBKWFc

Regarding the 3-400 investors and stock price. ORCL is actually up from its price one year ago. Are you saying all these investors bought in during Oct - Dec of last year, when the pump (buybacks) were at the peak?

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Post ID: @1edd+1gfBKWFc

There is a group of 3-400 employees of a major U.S. company that, currently has 80,000 employees - smaller than Oracle - but a positive motivated powerful group grateful to be employed or retired from this company
where it remains to be an honor to be associated with one of the top employers where employees are treated with dignity & respect. Employees know that it’s a privilege to work for their company. They go through much in the hiring process and those that get hired are not fit usually leave. This small group of 3-400 are highly trained and they are not afraid of LE’s personality disorder or of that of any of the VP’s. They have invested in Oracle individually for a long time. Some since the 1980’s and have added new members to their group, all working or having worked in the same job as the other. They share investment knowledge and experiences and they have a common mission statement that includes that all people where they invest should be treated fairly. They are not happy that they are losing money in Oracle and that one of their long time preferred company’s is spiraling downward fast, a toxic environment, inhumane leaders and rolling out substandard products causing customers much grief. VP’s that promote abuse & demoralizing employees is disappointing and there seems to be no management accountability.

Oracle is a publicly traded company, not privately held. There are rules. Product Development Patents wrongfully taken from inventors and filed fraudulently is a problem.

Many in this group have invested in Oracle as a long-term growth stock for kids college & their retirement funds. All publicly traded company employees, investors and customers have rights and VP abuse is unacceptable. This group is going to get to the bottom of things. These violations need to be cleaned up otherwise it affects a lot of people’s hard earned investments. This is not a game.

Collectively these individuals can and want to make a positive difference. Most are former military and all work for the same company. This company is known for recruiting trained military and offer jobs at military retirement. They have retirement income and are paid well. Investments are important to them. They are mature, wise and serious responsible individuals, trained for life & death challenges.

Corporate bullying is unacceptable, Customer product and support is important and the income from that needs to be earned.
It doesn’t matter if Oracle is changing direction, there are binding contracts with customers that require support even if it’s down to one it is binding.
Marketwatch description of Oracle when recommending stock as still a good invest sells Oracle as long time software hardware tech company,
Might need to check SEC filing.

Rolling out inadequate product and charging to fix and can’t for components missing yet advertised is unacceptable.

This group as investors have rights and they stand for the rights of everyone. Their purpose is to do good. They don’t bow to VP manipulation tactics
With all that is wrong at Oracle, LE could find himself answering questions before Congress and might learn that Product Dev VP has dropped the ball.

This group raises expectations, never lowers. I am not a part of this group & only learned about them through a friend that is involved. Oracle needs to be cleaned up. VP’s are responsible to comply with internal auditors. VP budgets are concerning and making choices on who gets pay raises? Fairness is required. Hopefully their own raises and bonuses are within guidelines.

You can criticize this message all you want, childish manipulation does not distract from the facts. Facts and facts. Truth can not hidden forever. We’ve all made mistakes and will make more. Most of us have been in over our heads at times & overwhelmed but we learn from those mistakes and grow by taking responsibility not shifting blame to others and certainty not by abusing hard working people.
Oracle is good case study.

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Post ID: @1yrm+1gfBKWFc

Mr. Ellison will eventually pass on. Maybe he can avoid taxes, but not Mr. D3@th.

I don’t care what crazy sh|t he thinks he can cook up, the blood of virgins or whatever.

Wanting to live forever is the absolute pinnacle of narcissism. You think you are too special, too important to d-I-e? Come on!

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Post ID: @1cqt+1gfBKWFc

Here's a repeat of a response to a similar OP question in another thread. The answer is relevant here too.

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.

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Post ID: @1sre+1gfBKWFc
  • re: building things

Why would Oracle leadership make the risky investments required to do that? They have an acquisition formula that suits their self-serving (stock price) purposes already.

Bottom line is it is not going to happen.

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Post ID: @nku+1gfBKWFc

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