Buckle up for more layoffs to come. What is totally demoralizing is that they are cutting some of the best performers. What a mistake! Not only they may never be able to attract such quality and capable people again, but - what message is Oracle sending to those who stay?
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Oracle no longer needs top tier talent. the company is just an also-ran and no longer an industry leader. Besides, Oracle's acquisition model of buy and bleed does not require sustainable talent either.
Talent is irrelevant in this highly ever increasing globalized world, where world best employees can tapped and then replaced on a fingertip.
The key is whoever wins the cloud wins the war;
In the cloud there is no room for second place;
Similar to google search vs Microsoft bing.
Oracle is a DB company, not a cloud company; biggest threat for Oracle is losing its DB market share and being replaced by cloud rivals; LE knows it
I think Oracle will contract until they are ready to run all database software in the other clouds.
I think that barn door has largely closed. Who would deal with Oracle? Amazon? Google? Former and present customers? For several decades, LE, SC and Oracle were school yard bullies and very few have forgotten. Most people are decent enough to not kick a person when they are down. I think they'd conveniently forget that in the case of LE and SC.
They are no longer the only game in town.
Concept of talent is over rated.
Talent exists all over the world; recruiting talent won’t never be a problem for Oracle.
Biggest issue Oracle will face is losing its DB market share to cloud rivals, and therefore its relevance.
LE knows any employees are expendable and can be replaced just like lightbulbs.
There will always be fresh, young, NAÏVE potential job candidates.
You were one once. Remember?
Trusting and ready to take on the world. Never thinking that smiling hiring manager or friendly corporate recruiter would ever lie to you. They love you and would never break your trust, right?
Now you are a “seasoned” employee of a couple years. You get lots of positive feedback, along with increasing responsibilities. Boss says “I have confidence in you”, and the work keeps coming. “We’ll remember your hard work and loyalty at raise time”, they promise.
Now it’s raise time. Do you get your reward? Maybe.
Or maybe that boss moved on and now you work for a micromanager.
Your org or division is reorg’d and you are starting over in a new job.
Oops the economy crashed and you ‘should be thankful you have a job’.
Surprise! Your company has been acquired/is under state or federal investigation, or is being sued by disgruntled employees or customers.
And the next thing you know, the excuses come out.
It’s just not in the budget this year.
Salaries are frozen until legal issues are resolved.
Can’t do raises until/after/unless (fill in the blank)
And a new one: Pandemic related (fill in the blank)
That’s how the cycle begins yet again, with a new population of young, fresh faced people slowly becoming jaded zombies.
As Grandpa Simpson says: “It’ll happen to you!”
SC is managing the business for cash-flow. There is no innovation happening. Oracle is the mainframe.
Outside of young people and people who just need a job, they won't. Then they will leave within 2 years. I would never work for them again nor would I recommend them. Life is too short and there are a lot of other places to work.
Agree completely, I left oracle, after performing at a much higher level to my colleagues, and that was based purely on revenue and numbers and customer engagement at senior levels to the point where I was trusted adviser. I left because I knew nothing would change (and how right I was) and am finally being valued by my current employer. I’d say that anyone asking for my opinion would be to stay away from oracle, i it’s just a graveyard for your time and development/growth. Never again!!
Top people are not needed just to keep the lights on. I think Oracle will contract until they are ready to run all database software in the other clouds. Yes you are right, it will be very difficult to attract top talent in the future, but Oracle doesn't care.
Thats tomorrow's problem
I tell people to avoid Oracle at all costs unless they want to work in healthcare, and even at that, there are so many other places to go.
No one should want to work for this company ever. If you want to work on similar things, go work at Salesforce, Workday, SAP, Adobe, or God forbid, IBM.
“ I hate to rain on your parade, “
Then don’t! Uncalled for. It is likely the OP was one of those who was shot.
What is totally demoralizing is that they are cutting some of the best performers.
OP - I hate to rain on your parade, but the best performers left several years ago. The people you are talking about losing here are actually just a tad better than the rest who remain, but are hardly top-tier talent when you look at the bigger market picture.
Mediocrity is now normal in a standard distribution.