It's the end of Oracle. if they think Ai will save them, it's too late now.
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Plenty of US-based managers in our org got chopped last time around, and plenty more here in EU have already been informed by EWC (since it's a mass redundancy) that their job is at risk in the pre-Christmas round. As long as the numbers on the spreadsheet add up they're not that bothered who they lay off.
they bet on managers running AI themselves
The bloated and obsolete management have the ensured they have the H1B indentured resources (JD Vance terminology) to complete the projects or they get deported.
And continue laying off the US citizens and bring H1\L1B to meet. the cost cutting initiative.
https://x.com/Layoff_and_H1B/status/2099965494191075759?s=20
"if they think AI will save them" of course they do. They have bought into it on at least 2 fronts. 1) AI will be used to run and maintain the core software business and 2) Oracle clearly plans to be the premier cloud provider for AI workloads. Neither of these will happen to the levels they have envisioned. For this to work everything had to happen on time as planned. The one thing that will happen on time is the debt payments will be due even if the income hasn't materialized. In the poker game of AI being played out by a handful of billionaires LE went all in on a pair of twos.
It is not the end of all of the jobs but it will never be the same. The core software company still has value. Oracle software is used in the majority of enterprise environments. The components could be sold off and be a viable company. It is unlikely that this would be moved off shore for national security reasons. OCI could be absorbed into any number of existing cloud providers. Who cares if the resultant companies are called Oracle. A lot of people will still have their jobs. Oracle's current payroll is still ridiculously bloated. If it does go into bankruptcy and is broken into pieces 100k people could be unemployed.