Oracle is set to report earnings on March 10th, and more layoffs are expected after that. While Oracle Cloud is growing, their on-premise business is shrinking. They’re mainly cutting high-paid employees and replacing them with cheaper new hires. The goal was to push the stock price to $200 for the VPs, but it only reached $198 before dropping. More job cuts are likely in California, India, and other locations where offices have already closed. Like other companies, Oracle is also trying to move in AI directions which requires capital investments. This might make it critical for shedding its funding for resources in non-profit zones and tighten the resource consumption and employees work schedules. A call for increase in productivity is already announced to management. Lets wait and see on whats coming...
Lets not panic. It happens. Take it easy and get ready for your next venture.
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Some of you are just shedding so many tears cause trump is your new daddy and you question the richest most successful man in the world. Funny, you reach out to LE and cry to him about no raises or promos. As for the GDP, I guess it's easy to spend so much when Biden subsidized so many....oh and credit card debt hit a record during his admin. It is amazing to me how many people who were "smart" with Biden, get d-mb cause Trump is their new daddy. hahahahahahhaah.
Another prime example of prioritizing stock price over people. (the wealthy over the people making them wealthy)
“The turn of the century was 24 years ago, you brilliant social observer.”
Doesn’t change the point … the Make America Great Again folks, by definition, want to go backwards!
CRASH 📉📉📉
The Atlanta Fed’s GDPNow model now estimates U.S. real GDP growth for Q1 at -2.8%, down even further from last week’s forecast of -1.5%.
Just a month ago, the estimate was about +4%.
The turn of the century was 24 years ago, you brilliant social observer.
BTW, there were nowhere near the number of homeless in America in 2000 as there were in 2024. We can thank the Biden Administration for all that "progress".
“ Tariffs were the greatest (approaching 95% at times) source of federal revenue until the federal income tax began after 1913. For well over a century the federal government was largely financed by tariffs averaging about 20% on foreign imports.”
Some people want to go back to the turn of the century - slums poor health and early death. Robber Barons making it rich! Rockefeller, Vanderbilt … now Musk!
No thank you!
Apparently some thing tariffs just started. Maybe do a google search before you start spouting off. I mean. We should have a huge surplus with trimmng all that fat off govt payrolls. Those people have been stealing from American taxpayers....and we finally have a president and others who are sick of it and want it to stop. Oh yeah, Canada been charging us tariffs for decades...
https://wits.worldbank.org/tariff/trains/en/country/CAN/partner/USA/product/all
Tariffs were the greatest (approaching 95% at times) source of federal revenue until the federal income tax began after 1913. For well over a century the federal government was largely financed by tariffs averaging about 20% on foreign imports. At the end of the American Civil War in 1865 about 63% of Federal income was generated by the excise taxes, which exceeded the 25.4% generated by tariffs. In 1915 during World War I, tariffs generated 30.1% of revenues. Since 1935, tariff income has continued to be a declining percentage of Federal tax income.
"They are all announcing cuts but never ORCL."
Patience is a virtue.
The impact of a Global Tariff war, with the resulting inflation and unemployment, means that NOW is the time for significant belt tightening, perhaps not seen since The Smoot-Hawley Tariff Act of 1930. If you don't think tariffs will hurt, go read about this act and the Great Depression.
Herbert Hoover was considered a genius too!
To answer the question above, Oracle is very tight with their expenditures. They never spend extravagantly on perks and such like the other hi tech companies. T&E budgets are extremely tight. They also hire lean. That’s why they never have these headline catching massive across-the-board layoffs like the other companies.
Never seen Oracle layoff 10+ percent in one swoop ever.
Nor have I ever seen ORCL have a press release announcing work force cuts like the other Tech Giants.
GOOG just released: "Alphabet (GOOGL) Announces Layoffs in Its Cloud Unit" on 2/28.
They are all announcing cuts but never ORCL.
Why ?
I would stop speculating the obvious and change careers. I'd recommend selling used adult toys. This market will be infested with AI, buddy...
The Chinese AI solution kinds cut the ground from under them!