I've been doom scrolling and reading all articles on Oracle and LE - and there are MANY right now - and I'm starting to worry that we're not being told everything and when cuts start, it's going to be much worse than we expect. LE is trying to do too many things at once and we might be the ones having to pay the price of it.
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@aw, really have to free up cash flow. Makes it easier to borrow more.
Safra has been retired for some time now. Try and keep up. (She's still on the board, bu that's it)
@as it’s like an impossible number to reach with just layoffs. Assuming average salary is $100,000 you would have to lay off 500,000 people
$50B is a big number to have to raise, so layman's opinion says that it may be way bigger than anything we have ever seen Larry do.
If they cut 20% that still means 8 out of 10 people still have a job. The problem is that the cuts won't make sense and even high performing employees could be out.
@af selling repackaged Dinosaur Bones !!!
I hate how tight-lipped they're being about it. Nobody seems to freaking know anything.
you people all su-k. You know nothing and are either lonely or just A-holes.
Yes if you are in OIC your job is at risk. OCI is not Larry's priority now. OCI was yesterday.
@af well 10 times the last one would mean everyone gets laid off, but yes, it's shaping up to be ugly.
Oracle could become the next Intel of the tech industry. The list of common problems is amazing:
- Loss of focus on innovation. Core products are just incremental “improvements” on decades old architectures. Nothing new in the pipeline.
- Loss or deterioration of core values.
- Too many acquisitions that don’t pan out.
- Layoffs decimating morale and purging the workforce of experience and “tribal knowledge”. This also creates an environment where people are afraid to share knowledge in order to secure their own position.
Oracle has other challenges too. The products are too expensive while open source and AI code development have advanced to the point of being a huge threat. Oracle management has put themselves in a position where the only way to improve the financial situation quickly is to cut head count. If this isn’t done correctly, and it probably won’t be, it will just lead to a downward spiral leading to layoff after layoff. The currently rumored layoff will be the second in six months and this one could be ten times the size of the last one. These aren’t goods sign of a healthy company.
Safra needs new blood to cook the books. Acquisitions will cover a multitude of sins.
prepping new doom thread for tonight, troll?
Hopefully every oracle mgmt is put out to pasture
More pain to follow if this is right
https://www.cnbc.com/2026/03/09/oracle-is-building-yesterdays-data-centers-with-tomorrows-debt.html
LE must step down
Nothing we can do. Send out your CV now, before it's too late, because the job market is getting tighter.
Here's the thing to remember: there's nothing we can do about it. Yeah, it looks like the company is imploding right now. But there's seriously not a damn thing any of us can do. Sorry to be the messenger of helplessness, but it's not doing you any good to worry.
I guess it would depend on what you expect.
This is not your problem. Let LE fix his shitup.