Thread regarding Oracle Corp. layoffs

Just so you know the deal

Like every year, long time Oracle people know layoffs are mainly coming every June. It doesn't matter how good you are. Especially when you are stuck selling a product or service nobody wants. YOU will be held responsible and let go. Most OCI engineers and sales people have already left to the cloud leaders or other promising companies. Most people that have options leave. Cerner will just become another application like Fusion or products in the GBUs. Just keeping the lights on. It is already too late on IaaS, PaaS and getting a lot of competition within SaaS now too.

They won't go out of business but will not really have much growth anymore. Forget growth against your own services. That is easy to do by raising prices. The real measure is actual industry market share. One reason the new thing is partnering with Azure for database. In most cases, that will not make sense. Nobody is spreading their application database across two clouds. You would get laughed out the room by any savvy application architect. Not to mention the security and audit teams reaming you. To me, that was the white flag waving. They won't admit that they will never meet the hype LE stated back when OCI started.

So, they are in the process of changing the interface of the SaaS applications. The backend of those systems are still different in how they operate. You start using them, you know they were acquisitions. Yet, they are sold as a complete suite - shared data model, yada yada. I looked around and most of the great people had already left on their own or were let go.

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| 2352 views | | 2 replies (last August 3, 2022) | Reply
Post ID: @OP+1i2dGhdb

2 replies (most recent on top)

"From the start of this OCI it has been trying to bolt together so many different acquisitions". I'm not so sure about that. OCI suffered from a "not invented here" problem - especially with core services, infrastructure, platform. They considered anything from Gen1 Oracle Cloud as garbage and really treated anyone involved with that quite badly. Yes, they did need to integrate with various SaaS acquisitions. They spent huge money on ridiculous salaries for rejects from cloud leaders OCI was (and probably still is) a mismanaged toxic mess. LE, CM etc, never invested to the level of the cloud leaders so the result of where Oracle sits in the cloud leader list should be expected.
Oracle will not be a cloud leader but they will be present and an option. Their lead in databases is slipping away as alternatives continue to pop-up but they'll still be around for a long time.
Who knows, maybe there will be a cloud market bubble burst and everyone will get tired of paying for cloud services and will go back to on-premise - then maybe keeping all this on-prem software on life-support will pay off.
Oracle went from fighting for the number 1 spot in software with Microsoft to being an also-ran in a very short time. But you know what? LE does not care as long as he gets his dividend payout every quarter. Stock price goes up thanks to buybacks and promises of shiny new things (and burying actual cloud revenue in the earning numbers) and that dividend can be raised. Who decides on the dividend? The board. Who controls the board? LE. Yeah, the guy that gets $350 million dividend check every quarter (that's 1.2 billion a year in favorably taxed dividends) controls the dividend. No conflict of interest there.

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Post ID: @xqo+1i2dGhdb

From the start of this OCI it has been trying to bolt together so many different acquisitions. Simply doesn’t work. If they had of spent money on people and grown from the ground up it would have fared much better. The database was still the core of it but all the bolted together stuff was the downfall.

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Post ID: @kbh+1i2dGhdb

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