Thread regarding Oracle Corp. layoffs

@4npi - that is so lame you are going to lose your a-- kissing job in no time. In your next brown nosing job, try to come up with better excuses/ lies propaganda - that's what you're getting paid for

And now it's public knowledge on TheRegister. No secrets in this world, just s---s doesn't it MH? haa. Haa haa

460 shares, hahaha, going viral. Cannot hide anything nowadays... How do you like that MH...

Wow

@4ply - go back to your day job of brown nosing - the literal kind, that's all your qualified to do

@2dwu - go back to your day job of s. U. C. K. I. N. G. LE' and MH's ugly ones! That's the only thing you are qualified to do or talk about

Safra Catz met with Donald Trump to talk about joining the administration on Wednesday April 10th. She sold 3,000,000 shares of stock on 3/21/2016. She joined trumps transition team in December so this may not have anything to do with Oracle.

It does mean greater changes at Oracle, if she steps down after Cashing out. Hurd will run everything. It definitely does not bode well for the oracle sales team, if they have not closed cloud. That's a no brainer. Anyone who has not closed cloud should probably have a plan B ready.

http://fortune.com/2017/04/12/trump-oracle-safra-catz-2/

http://fortune.com/2016/12/15/trump-oracle-safra-catz/

This Is insider trading at its best: based on everything she knows she has obviously decided that oracle stock has nowhere to go but down. Let's face it she makes some $30 - 55 Million a year, it's not like she's selling the shares to pay rent or put food on the table; this is a calculated investment decision - better to own something else that oracle stock. Investors should take note - why does anybody still hold oracle stock, if an insider line SC will not!

Lol - what does the HR/propaganda dept do when the Emperor is butt naked, everybody knows it, and the peasants are in open revolt, at least on social media? Well, if you're the oracle propaganda dept you have no clue about what to do so you keeps repeating some useless nonsense that nobody believes, but what the heck, you have to try to earn your keep somehow - not working!

Safra could be selling off to take a position in Trumps administration. She could be doing it because she knows something the rest of us don't. She could really dislike Mark Hurd and want to do something different.

All we know is Safra cashed out. She sold 3.1 million of her 3.4 million shares of stock in the past two months. This could signal major changes are on the way for Oracle.

http://www.nasdaq.com/symbol/orcl/insider-trades

If I am reading this right Safra Catz the CO CEO of Oracle, just dumped 90% of her stock in Oracle in the past two months. On 03/21/2017 she sold 3,000,000 shares of her 3,461,860 total shares owned.

That dropped her to 461,860 and then she sold another 103,520 shares on 4/26/2017. Looks like Safra just cashed out. She won't say it publicly but these number suggest she thinks Oracle is done. No sense in keeping the high paid sales people on board, now its time to milk what ever is left and jump ship.

I think the rumors are right, Oracle is going to have a massive reorg this summer.

And the board is heavily selling off.. http://www.nasdaq.com/symbol/orcl/insider-tradesp=ORCL

That escalated quickly

If all is rosy why does this thread has hundreds of shares and thousands of views. There was a thread the other day that had over 100k views. So, if all is fine, why is our page here on layoffs.com sprinkled with 100s of posts when there is only a few for MSFT, Netsuite, GOOG, etc... We as well as IBM and Intel have by far the highest number of posts here and it makes sense: We lay off people and we missed the cloud boat... @3owu - just go away and let us have a discussion here without corporate propaganda, nobody is buying that any more...

@3owu - was that an attempt at humor? In which case it totally failed. Or are you in HR trying to get the party like out? I'm either event, oracle is floundering and both employees and customers know that, so please stop wasting time on your nonsense

This thread has 270 linkedin shares. I guess it's going viral...

Oracle is growing faster than anyone in the cloud and will soon pass $10 Billion in cloud revenue. Oracle's IaaS is much better than AWS, Azure, and GCP. Oracle just needs to get the right engineers to sell this great product. They have dinosaurs and need to get rid of them. It's easier to hire a college kid and run them through the class of program. There will be casualties but Oracle will end up with rock stars that cost half the price of seasoned reps who can't deliver or be retrained. The CEO's know exactly what they are doing and they're no dummies.

If you are posting on this board from your company laptops, it is grounds for termination if you don't get laid off. Be very careful. You've been warned.

The irony of course is that if there is anybody who doesn't understand software, cloud or on-prem, it's MH. But hey, he knows how to hire former porn starlets, get fired, and run companies into the ground, and that's good enough for LE. So now the two of them can pop biagra pills and play tennis together - the perfect couple. And yes, run oracle into the ground, as neither of them has a clue what the cloud business is about.

@3esw how can this be fake news when it's not news at all, all of the stuff here are personal opinions of random anonymous folks

"Fake news. Oracle digital is growing and Oracle is hiring Cloudera Architects. Why would we do this if we were planning to let many seasoned people go? Why would we hire people and then lay people off? You can't explain that."

The veteran field sales force is perceived by management to be cloud ignorant. The solution is to hire cloud savvy recruits from Google and AWS, and lay off the old veterans. You have to REPLACE the veterans, that is why you are hiring.

Especially in Oracle digital, cause they get half the salary of these overpaid dinosaurs. A college kid that knows what cloud is can bring in the same zero dollars in sales that your seasoned veteran did. He is half the cost, and a year from now he might actually know something about the oracle tech stack. So in the long run a cloud savvy college kid is a better bet than a seasoned vet that hasn't closed anything in over a year, after all of the free training and workshops and his big high priced salary he still brings you zero.

"Fire the big zero, bring me a college kid that can learn."

Does this explain it for you?

Article from July last year in 2016:

"Oracle in early June notified between 225 and 300 members of its North America sales team that they would be laid off at the end of the month, including many sales engineers and sales consultants who worked closely with channel partners, sources said."

...

" The layoffs may shed some light on how Oracle plans to reach this lofty goal as the company adjusts its workforce to bring in skills that better suit the cloud era, sources said."

http://www.crn.com/news/applications-os/300081276/oracle-lays-off-veteran-channel-execs-cuts-support-staff-in-push-to-sell-more-cloud-licenses-direct.htm

Odds are this article is correct, and it matches what the blog post says. Oracle is going to "adjusts its workforce to bring in skills that better suit the cloud era..." I'm betting this will be the "largest reorg in the past 10 years"

Goodbye dinosaurs... the meteor will impact in 4 weeks and wipe you out. You should have seen this coming last year and prepared.

Oracle WAS once a great company; not anymore, now a mere walking dead, watch it implode and be gone. Sad but true!

If Oracle is such a bad place, then go find another job. LE has created a great company and the leadership of MH and SC have enabled many people to support their families, but homes, take vacations and put kids through college. They have also allowed Oracle to stay relevant in an ever changing world. Oracle will be the first company to $10 Billion.

All these messages of impending doom are not true. If Oracle were such a terrible place to work then why are there so many great Glassdoor reviews? I just glanced and most of the reviews are four and five star reviews.

This blog is not reflective of what is really happening at Oracle. It's clear the posters here are current and former disgruntled employees. If you don't like it just leave and stop posting lies.

Yeah, these attempts at denial are pathetic. Oracle HR should have been all over this story: but they're not. Just saying!

You want to see the mentality of the Execs at Oracle? Look at what they did last year. I'd saythis post is spot on. They gave the remaining veteran sales force one more year to make something happen. Now the Axe will fall on those who did not deliver.

The article says exactly what his post does: they are pushing more sales "To Sell More Cloud Licenses Direct"... Now its time to chop those that could not sell.

http://www.crn.com/news/applications-os/300081276/oracle-lays-off-veteran-channel-execs-cuts-support-staff-in-push-to-sell-more-cloud-licenses-direct.htm

Oracle Lays Off Veteran Channel Execs, Cuts Support Staff In Push To Sell More Cloud Licenses Direct

byKevin McLaughlin on July 8, 2016, 10:24 am EDT

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Oracle last month laid off several channel and sales executives as well as its entire channel pre-sales technical support team -- a move that bolsters the company's plans to push more cloud licensing sales direct, according to multiple sources close to the vendor.

Oracle in early June notified between 225 and 300 members of its North America sales team that they would be laid off at the end of the month, including many sales engineers and sales consultants who worked closely with channel partners, sources said.

"Oracle has laid off its entire channel pre-sales technical support team. These are the specialists who go into the customer with the partners and determine how the solutions should be engineered and fit together," a source close to the Redwood Shores, Calif.-based software giant told CRN this week. "This is going to make it difficult for the channel to get deals closed," the source said.

[Related: Oracle Confirms 12.2 Database Release Will Be Cloud-Only At First, Analyst Predicts Move Will 'Frustrate' Customers]

Oracle CTO Larry Ellison has been forthright about his desire to beat out Salesforce.com to become the first SaaS vendor to reach $10 billion in annual sales. The layoffs may shed some light on how Oracle plans to reach this lofty goal as the company adjusts its workforce to bring in skills that better suit the cloud era, sources said.

Some of those let go were vice president-level sales managers who'd been focused on selling hardware and on-premise software at Oracle for more than 20 years, sources said.

Oracle is a joke. Customers are being bombarded by a dozen different reps pushing solutions, which, in most cases, aren't adding value to their organization. Competition is winning with better, less expensive offerings. We're expected to sell transactionally, in lieu of building customer relationships. Accounts are changed every fiscal year. Customers now have new reps. Number of accounts are trimmed down while quotas in that same market space are doubled. Can't cut it? Tough sh--. We're bussing in college new hires by the hundreds. They're so happy to get a job with a 'big name' company out of school, they'll take a lesser base pay, and put up with more b---s--- than a professional hire will. Why wouldn't they? They have no professional frame of reference to know what a sh-- company this is. Leadership at all levels is the worst I've seen at any technology company I've been with. They'll 'rah rah Oracle' until they're blue in the f---ing face. 'Q4 is the BEST TIME to be at Oracle!' No, Q4 f---ing s---s, because your SaaS offerings are sh-- and Q4 is only lucrative to people selling on-prem licenses. This is depressing as sh--. I'm going to have a beer now.

Can't wait for LE or the two CEOs to come out and publicly declare that there will be no end of fiscal year layoffs. Just please don't hold your breath. May be hazardous to your health! LOL!

Cloudera architect have nothing in common with field sales reps. You can hire one type of people and lay off others. So far you have given me no confidence whatsoever that there will not be mass layoffs of field sales reps in 4 weeks

Fake news. Oracle digital is growing and Oracle is hiring Cloudera Architects. Why would we do this if we were planning to let many seasoned people go?

Why would we hire people and then lay people off? You can't explain that.

@2tze - tell me more: are you hiring in the US? are you hiring for a specific pillar(s), and of so which one(s)? Are you hiring experienced sales reps or newbies? Are you hiring for cloud or on-Prem? If cloud - specific pillars or in general ? Gives us enough specifics to convince us you're not HR spamming the thread

Oracle is aggressively increasing field and inside sales headcount. I am part of a team responsible for hiring individuals in my region. This is a competitive smear campaign with absolutely no facts to support the story. Where are the facts? Where did you get this information? This is a fake news story.

Bad impression to customers when internal staffs must use open offices and Thunderbird instead of excel and outlook. Bad impression when sales rep are college kids. When the kids bad mouth the customer, damage is unrecoverable. Firing the kid or send another won't work. The kid has nothing to lose.

No kidding, that employees don't have cloud accounts tells you everything you need to know about the imbeciles running the company

How can the ECA's and other pre-sales engineers be expected to succeed when Oracle won't even make the investment in giving them their own cloud accounts? That's just pathetic and goes to show you how cheap Oracle is. Now they are looking for a scapegoat to cover for their own incompetence.

Got news for Oracle's leadership, Amazon, Microsoft, and Google give all of their engineers their own accounts. Even salesforce and workday give their own employees access to the cloud.

@1nwy - you're looking for validation that MH and his HP cronies are incompetent, really? Just ask the people working for them.

The reorg as described would result in massive declines in revenue and would not solve any problems related to selling cloud. Selling at Oracle is extremely difficult due to complex licensing policies and bureaucratic rules. New sales reps are bewildered and ineffective. SaaS, hardware, on-prem software, IaaS, and PaaS have completely different selling procedures and contracts - one person cannot do all of it. The bulk of revenue comes from on prem tech (database) license renewals; a CIO is not going to negotiate a multi-million dollar deal with a college kid over the phone. Seriously, if they try this, we're talking about huge year-over-year revenue declines. If you're a sales rep at Oracle trying to sell IaaS and PaaS, you've got dozens of new products in your bag that are several years behind AWS, with the exception of database. There aren't enough Oracle cloud data centers, and industry analysts bad-mouth your products. You show up at a customer site and find that an Oracle Digital (telesales) college kid just called the customer and told him not to buy cloud but to buy on-prem hardware instead. You deal with the fact there are several "clouds" at Oracle, generation 1 / Nimbula or whatever they call it, Bare Metal, and "Cloud at Customer" which is just leased on -prem hardware. Each offering is different and has its own limitations and challenges, and finding the truth about the products without the product manager hype is impossible. Customers are screaming that Oracle is too difficult to do business with and offers too many products and too many choices, but they keep adding products and may be reducing customer-facing salespeople, architects, and sales consultants, who are the only ones who can help. All of this info is public knowledge and experienced by most Oracle customers and sales reps.

The engineers joining from AWS in Seattle are making on average around $300k-$400k. Nobody would join Oracle without a significant compensation plan. Oracle looks bad on your resume long term and the Oracle higher ups know this.

Indeed, no sane and experienced cloud architect would even interview, but as someone said, kids will come for the money then they will leave because of management and the products. Unless, of course, lot of the management leaves along with the unqualified employees.

What sane Google, AWS or MS employee would leave those companies for Oracle?

The clean up is necessary :-( Half the ECA became ECA because they couldn't be specialists with deeper knowledge of a pillar.