Anyone know the plan ?
13 replies (most recent on top)
No raises,bonuses,promotions for FY27.
Do more with less!
@kt spelt is perfectly correct. Spelled is an Americanism.
@dc 'spelt'?
Really?
Please dont try to correct someone when your own spelling is lacking...
@OP Springtime is when the garden needs to be tended to encourage new growth by pruning the deadwood. HTH
@dc "Thank you very much for your attention to this matter." Who do you think you are DJT ? There is no attention needed on the matter... you really are management material.
@ct Shutting down a product line would have instant karma effect. Legal, revenue loss etc. I am not sure you realise the challenges in building a new Data Center. The intent is not to push out a paying customer. The intent is to prioritise AI workloads over everything else and losing customers is a fallout of that.
And it is spelt compliment.
Thank you very much for your attention to this matter.
@cd "Someone had posted that Netsuite increased their annual licence fees for a customer by 25%. I am reading that as a sign that they want customers to leave so that it can be used as an excuse to RIF staff and use the vacanted space in DCs for AI."
If this was the case they would just shutdown the product line. Waiting for price increases to motivate customer to stop using the product could take years and would leave some customers lingering so the DC space wouldn't be able to be freed up but the revenue stream is no longer there.
You thoughts indicate that you have management potential. (not a complement)
10-K filed few days after FY26 results in June will provide the first insights and certainly will have a substantial amount set aside for restructuring. Depending on the new CFO's ability to secure more debt, this amount may increase through FY27 and details will be in the quarterly 10-Q. Personally, I see only top performers in AI, Database, ADB teams surviving in the long run. Someone had posted that Netsuite increased their annual licence fees for a customer by 25%. I am reading that as a sign that they want customers to leave so that it can be used as an excuse to RIF staff and use the vacanted space in DCs for AI. Turns out it is not easy as throwing money to get more DCs (power, infrastructure etc) , so optimising current capacity becomes the priority. Long story short, in about 4-5 years time, Oracle total global staff count would be about 1/3rd of what it is now.
You are an id--t if you think asking on an anonymous chat board will get an answer of ANYONE who knows anything. Just trying to stir up sh-t?
Find a way to pay off debt and this will include lots of layoffs.
Ai is saying oh I can do that job, and then the managers get the p-o 💩 bag hit on the fan because they trusted the Ai's recommendation.
The only plausible plan appears to be "more layoffs". Of course continuing the highly successful strategy of not communicating what the teams should be doing which have been hit hard.
What makes you think they have a plan?