Thread regarding Oracle Corp. layoffs

Yes, the competition is all over, Oracle's cloud is crap. They can't even give it away.

Stock price will go nowhere but DOWN!

All the investors and analysts care about is oracle’s cloud revenues grow compared to the likes of MSFT, SFDC, AWS, etc and we know what the answer is: oracle has no real cloud and therefore its cloud revenue growth isn’t there, thus oracle share price has nowhere to go but down. Elementary my dear stooges!

I think this is going to happen. Stock below $30 by the end of the year.

IBM only survived because they have a much deeper product portfolio. Not to mention they knew when to get out of certain businesses like PC hardware. IBM has been around long enough that the founder is long gone from the business. Other iconic, and not so, CEOs have made their stamp on the company. You flatter oracle by this comparison. Oracle would have to get a whole lot smaller to use that tactic, at least for that long period of corporate accounting time frame.

IBM was able to weather 22 consecutive quarters of revenue decline mostly through cost cutting and constant promises about how they were going to be relevant by developing the next big area they were working on. Through all of that, the CEO pocketed plenty. The stock price dropped 25-35% during those five years.

I'd expect Oracle to try the same strategy in order to keep the stock price up as much as possible while continuing to pay out large amounts to LE, MH and SC. They will likely focus on retaining as many apps customers as they can because it is the one area where Oracle "Cloud" actually makes some sense (i.e. it is the only place the SaaS service is available) and then growing their NetSuite footprint in the small/mid market where customers haven't learned yet not to trust Oracle. Expanding their international efforts seems likely as well because too many US companies know to steer clear of Oracle, They'll surely milk the database cash cow for as long as they can. Those things could keep them afloat for some time. After all, LE is the majority stockholder and, therefore, Oracle solely exists to feed his ego and pocket, so he will find ways to continue to claim that Oracle is better than everyone else based on growth numbers or market share in some specific niche.

They’ll do more buybacks and more cloud washing in Q4 to try and stabilize the price.

...long term - Oracle will continue to fade off into the sunset. It’ll become just another tech behemoth like NCR and HP to die a slow, painful death under the leadership of MH. Short term cost cutting always looks great, until 10 years later when it’s clear the products have fallen behind, the talent selling them has been degraded to 22 year olds fresh out of college who don’t know the first thing about selling enterprise software, and you’ve created a culture of “fear for your job at all times.”