Thread regarding Oracle Corp. layoffs

Just because Oracle was found considering large number of layoffs doesn’t mean they decided on it. I don’t think anything big is coming.

Do people think there will be large number of layoffs in august?

I always cheer for Oracle's competitors! Go Salesforce!

Oracle is circling the drain.

How much severance did people get

Yes please, Europe is calling, please lay me off, please!!!

Sounds like an Oracle troll

• I use salesforce at my company. It’s slow, updates are annoying as every time they do one it seems to make extra work. For example before the update I had a link to email clients forms for electronic signatures, after the update the function doesn’t work. We were told they are working on it. It’s been 3 months. It went from e-mail for an electronic sig to snail mail form for live signature. The state auditors won’t allow computer generated signatures but do allow docusign..

When assessing the two solutions, reviewers found Salesforce Sales Cloud easier to use, set up, and do business with overall.

—- I use salesforce at my company. It’s slow, updates are annoying as every time they do one it seems to make extra work. For example before the update I had a link to email clients forms for electronic signatures, after the update the function doesn’t work. We were told they are working on it. It’s been 3 months. It went from e-mail for an electronic sig to snail mail form for live signature. The state auditors won’t allow computer generated signatures but do allow docusign..

I’m sure both platforms are only as good as the teams coding and implementing them.

Go Salesforce!

Oracle PeopleSoft vs Salesforce Sales Cloud

When assessing the two solutions, reviewers found Salesforce Sales Cloud easier to use, set up, and do business with overall.

Reviewers felt that Salesforce Sales Cloud meets the needs of their business better than Oracle PeopleSoft.
When comparing quality of ongoing product support, reviewers felt that Salesforce Sales Cloud is the preferred option.
For feature updates and roadmaps, our reviewers preferred the direction of Salesforce Sales Cloud over Oracle PeopleSoft.

Everybody hold on with all this info, please.
What does Larry have to say about this?
Or is he too busy mouthing Clint Eastwood's celebrity pickle on the island?

Seriously, he needs to speak or sp-t out.

The potential targets of layoff are on-premise applications, hardware, legacy applications and softwares, Middleware and some dismantled cloud teams. Definitely expect directors, senior directors, cmts to be part of this layoff and favoritism might not favor this time.
Check yourself and your team. How much value add your project and code adds to business. Is it revenue yielding or Cost center. Prepare for the best ahead of time.
For a few, its the time your dream of Severence pay might materialize. You can plan for your retirement as the current market demands more updated technology where you might not fit.
During march to June, some people leveraged market situation demanding higher pay. This is the answer Oracle gives to you.
Get Ready Guys. Prepare for the Journey.

It’s time favoritism not favor. Past-time to consolidate mgmt.
Looks like those that repeatedly could not develop to compete are being replaced by the newly acquired, new direction instead of the other way around, this time. Out with the old and in with the new. Simply due to finally getting fed up with wasteful lazy corruption.

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Found.Alpha
Yesterday, 6:09 PM

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It's obviously big tech who has the problem, more than the average company. Kind of like the dot com crash, except this is more like a slow moving landslide. Valuations and PEs were too high as earnings growth decelerated. They had too many people working on ideas going nowhere and failed to innovate anything capable of expanding their earnings substantially. They just ran out of "next big things" that anyone outside the small consumer niche of techie fanboys actually cared about. Most consumers are back to mainly buying what they need after taking a hard look at the costs. They've returned to living in Reality 1.0 instead of the virtual world and having their noses in their smart phones. Companies are figuring out how to stretch their I.T. budgets by using lower cost options.
"June jobs report signals strong economy. The June jobs report showed strong hiring for yet another month, despite fears about a recession and spiraling inflation" abcnews.go.com/...
Companies selling real things (not 100% digital) seem to be doing okay. The best ideas usually come during times when the titans have started slipping. They crush the little startups when they're doing well. Jobs and Gates made their companies only because 1970s "big tech" didn't know what consumers wanted in the future.

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Pistolero Yogi
Yesterday, 6:27 PM

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@Found.Alpha lol are you telling me ORCL was overvalued in the last 12 months?

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Found.Alpha
Yesterday, 6:37 PM

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@Pistolero Yogi LOL is the wrong acronym. While I realize this is a common millennial expression, used in moments of uncertainty when they are trying to defend a pre-existing idea in their head, the acronym you need instead is PE
www.macrotrends.net/...
ORCL's PE has been in the teens for more than a decade with a few exceptions. Those exceptions being 2018 and 2022.
www.macrotrends.net/...

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Hermann Balck profile picture
Hermann Balck
Yesterday, 6:04 PM

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Definitely elimination of duplicate functions

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Amstragram
Yesterday, 5:35 PM

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SBC explosion has silently creamed shareholders, hidden by speculating bubbles and funky accounting praised by analysts, PE and VC. Now that the music is stopping, it’s time to loose some fat and rebalance the competitive landscape for insanely high paid tech jobs.

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1000. M

Money Mover
Yesterday, 4:46 PM

Hardware, software, on premise, middleware - basically everywhere is what you’re saying.

Will it be mostly legacy/on-premise apps? Will cloud apps be affected?

I heard you were on the list. Bad news travels fast.

Will it be mostly legacy/on-premise apps? Will cloud apps be affected?