Past week resignations at Seattle has gone up! Most leaving to Azure or Google.
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GREAT POST and oh so true, Oracle's cloud offerings have to be 2 to 5 years behind most others. Anyone agree, then with Oracle's pricing structure.... Do the math, again Oracle has jumped on the total cloud band wagon, 3 to 5 years to early. MH saying that 80% of data centers will be in the cloud by 2024? Is this true, seems high to me, but I'm old and worthless. lol.
Like IBM, Oracle made bad acquisition decisions and had an inherent internal conflict: it is very difficult to transition to a cloud company when almost all of your revenue is on-prem hardware or software. LE ignored the critics and made Oracle a hardware company by acquiring Sun in 2009. The focus between 2009 and 2015 was "Engineered Systems" hardware - sales reps had to sell Exadata to make any money. Everyone said it was a horrible decision, and they were right. Then Nimbula was acquired in 2013 for the purpose of competing with on-prem VmWare (right, like that's going to happen) in "private cloud". The following year, they tried to build a public cloud in Equinix data centers using Nimbula, and it didn't scale. It doesn't have software-defined networking, so some services require 5 days just to open up a firewall port. Then ex-AWS engineers were acquired in 2016 to build "Bare Metal Cloud." Now there are two clouds, each with their own weaknesses. BMC has better networking but is way behind in the number of services offered and certifications such as HIPAA. Of course, as soon as BMC was announced a year ago, AWS immediately announced bare metal offerings with local SSD storage. Then Oracle doubled their licensing prices on non-Oracle clouds, a "we hate our customers" policy. Oracle should focus on SaaS and throw in the towel on IaaS and PaaS. They are too far benind and have no capability to provide a compelling offering. Oracle at this point should partner with AWS and Google, reduce pricing across the board, and focus on consulting to lift-and-shift Oracle applications and database customers to other clouds. That's the right thing to do for the customer, but of course, it won't happen because Wall Street just wants cloud revenue.
There’s also a hiring freeze now, so it’s going to be virtually impossible to fill roles.
Think thrice before taking offer from Oracle. It could be just a short term career and get cut in a year.
Oracle paid AWS engineers up to $400-$500k to move to Oracle. They tried to lift entire teams from AWS. Years on, the cloud groups are in disarray and people are bailing. They're smart enough to realize Oracle is in over it's head. Oracle didn't understand servers or infrastructure, they also don't understand and were late to the party on cloud. A friend in cloud operations told me it's the blind leading the blind. Engineers in BMC can stay focused on projects. It's a mess. Who wants to stay around to be on the losing team. You lose your options when you get RIFed so you don't need to be a rocket scientist to piece together the treatment of options, the $1.1B restructuring charges (RIF payments) and the constant RIFing.
People accepting options or RSU's at Oracle need their head read.
First guys, 2-3 years ago, came on two-year vesting plans, just like the ones on OPC.
Only if that is in their contract. If it says 4 years, then they think the stock is as high as it's going to be and they will cash out what they have and leave.
"Everyone is cashing out, taking the money, and running."
Don't RSU's and options take 4 years to fully vest?
Although they must still be hiring because the head count at BMC increased by 10 this week
50-75%?
So more than half the folks in BMC Seattle are leaving?
Seriously?
50-75 %
Everyone is cashing out, taking the money, and running.
Just how many are we talking about?