Thread regarding Oracle Corp. layoffs

@qg I don't get O's attitude towards legacy products, especially after buying Cerner. Legacy still generates billions in profits for O.

@qa That's what I was thinking. The support they are getting has been decreased if not eliminated, they should pressure O to discount their support payments accordingly. Or use another vendor.

@q7 | Oracle is going using the "no support" model.

Then they shouldn't be surprised when customers do not renew their support contracts and prepare to migrate to another vendor.

Hi everyone,
Being an ex support person (i know i keep saying this :)), i don't know how you can gut the support teams that were already overloaded where customers who are pi---d when
i was there, they are really going to be mad. But as someone said earlier here, Oracle is going using the "no support" model.

I bet this will happen:

AI is real and it's driving markets, it's doing this w/dot com style hype
All gains in S&P500 are AI linked - probably fake gains after the bubble bursts
AI still has VERY weak profitability, negative ROIC, financial eng. via buybacks
The bubble is REAL and will end in tears
LE's timing is poor, he's late and political meanedering aint gonna help him here

Good luck to all of you.

Those who trust too much in one thing are burned by it

@a5 Hope you are right

This is gonna end badly for everyone.

👮‍♂Thank you for sharing!

All order has a cost, and that cost is a more general increase in disorder. Increasing complexity means significant costs for chaos, which itself increases. Attempts to bring order to the world have little chance of success. The only certainties are fatigue, doubt, and anxiety.

@OP Looks like the market collapse has started. ORCL will be back below $160 before it's over. This much debt never ends well.

It will be the price to pay for sudden cutting thousands employees from their jobs. Trusting more in the illusory sense of getting rich quickly is just risky and greedy.

@a5 He has already validated his ideas with ChatGPT

Can you say one large Ponzi Scheme? This is .dot com, mortgage backed securities, on steroids:

https://img.36krcdn.com/hsossms/20251009/v2_562fa454466f475c8d09972061ac72de@1743780481_oswg1031651oswg1080oswg1786_img_000?x-oss-process=image/format,jpg/interlace,1

$0.02 on this:

• AI is real and it's driving markets, it's doing this w/dot com style hype
• All gains in S&P500 are AI linked - probably fake gains after the bubble bursts
• AI still has VERY weak profitability, negative ROIC, financial eng. via buybacks
• The bubble is REAL and will end in tears
• LE's timing is poor, he's late and political meanedering aint gonna help him here