explaining current major restructuring as explained in this article:
https://www.fool.com/investing/2022/10/28/excited-about-the-work-oracle-cloud-is-doing-not-s/
8 replies (most recent on top)
This is very telling: "its tiny but aspiring-to-be-mighty cloud IaaS department. "
Nvidia has them by the shorts.
LE doesn’t give a rat a__s about people lives.
What has been squeezed is not profits, but people’s lives!
LJE: We are growing fast!
Also LJE: Fast growth? Let’s fire people and grow even faster
Between Nvidia and Cerner, it sure looks as if Oracle is trying to experience a born again metamorphosis as a new entity, perhaps to make it possible to sell or merge with Microsoft. In the meantime, this born again things end up with multiple labor pains.
From the article. “ This is by far the fastest Oracle has grown in years.”
Yep. Sounds like the perfect time to dump people overboard!
Not when the managers are making the firing decisions. Ownership needs to step up to the plate!
In sports, if a team is not performing, it is often faster, cheaper, and more effective to fire the team managers than the team.