How much institutional knowledge do you think Oracle lost in the last week? This was starting to be an issue even before the latest layoffs since the company was letting people with invaluable knowledge and experience walk away without even attempting to stop them. The latest layoffs only compounded the issue. Now we'll get to not only have to struggle to make up for the lost knowledge but also compete with the talented employees who'll be working for our competitors and sharing what they learned here with them. This will cost us much more than it will save in the long run.
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I believe oracle has given up on Fusion. Want to become a healthcare company now. So this a moot point.
Healthcare is the shiney Penny du jour. When it losses some of its shine, they will lose interest.
RC Cola
That's really an insult to RC Cola. RC is pretty good, though I prefer the Coke made in Mexico. Glass bottle and made with real sugar not super sweet corn syrup. Yea, I know what you were thinking, get your mind out of the gutter!
Oracle at its core is still just a database and on prem ERP and middleware company clipping coupons from large customers in industries with "too brittle to touch" infrastructure. All the various [x]aaS offerings from the past decade were half-assed at best, and IaaS is like the RC Cola in a world of Coke and Pepsi. The Tiktok "deal" was purely a Trump favor. Healthcare will be next flash in pan. Unless you're aligned with those legacy businesses, you're dispensable.
Losing institutional knowledge
Yes, but it's Oracle institutional knowledge. In other words, no great loss.
The RIF in CX was not performance related. Entire teams were let go because their features were being deprecated or abandoned. Other teams were gutted to the point top performers were let go. Oracle, going forward, is only invested in CX as a means of getting every dollar it can from existing customers as it lets the product fade. The roadmap of merging CX features into Fusion has been out there for a while. This RIF is going to accelerate the demise of CX.
LE told you what was going to happen. He said he was going to let areas “melt away”. That is what is going on. When you are involved with the day to day struggle of creating and getting product out the door you can lose sight of the bigger picture. To those at the top your area was just not that important. It’s just not that important who stays and who goes. At the larger level entire business areas will be dissolved and then it just doesn’t matter what the details are. It is too complicated for a company as large as Oracle to look at the minute details of who is who when working at a broad level. Cost cuts will happen, chaos will be created, then whoever is left will have to restart. If the area goes further downhill after that, then no one cares it can always just be removed.
In my experience, losing institutional knowledge never factors into the decision because it’s purely numbers and dollars. Don’t know why, but it’s soooo disrespectful. It really makes you doubt all the “people are our greatest asset” claptrap used to recruit.
But you should ALWAYS take that stuff with a huge grain of salt anyway.
I don’t believe that is true. Other than Marketing and Commerce, there was only a performance related RIF in the other CX areas. Oracle has heavily invested in CX and will continue to do so.
I believe oracle has given up on Fusion. Want to become a healthcare company now. So this a moot point.