Thread regarding Oracle Corp. layoffs

Do you have a reason to think the earnings will be great? Or will it again just be the forecast that looks good, like a oasis mirage in the desert?

187 a share this morning and recovering very slowly. Will great earnings announcements be able to prop it back up?

@j9 there are mostly no more experienced staff, that who remain, probably have low level skills and brown noses

If they keep firing experienced staff at this rate no one will be there to save them. I mean even if they heir new people.

As someone who was booted in September, I have to tell you that I don't think the stock price is tied to layoffs and cost reductions associated with our exits. This is a lot do with Nvidia, Oracle and OpenAI and the validity in their numbers. For example, OpenAI pledges X amount of dollars to Oracle - to which Oracle posts future revenue numbers to the street. Oracle then takes that dollar value and "buys" chips from Nvidia for their AI data centers. In doing this, Oracle and other AI companies have changed the depreciation models on their servers from ~4 years to ~6 years saying that AI is extending life.

Basically, the same X amount that OpenAI started with is being passed to Oracle and Nvidia as income - and Oracle isn't performing in their base business so this is now catching up to them.

The shame is that poor decisions from EVP's and up are never punished by their job loss, only the fools under them as they move headcount around to "save" dollars. Oddly, according to the tracker on this page, they've hired many heads since the wave in August and September...which hasn't really resulted in a cost savings.

Glad I bounced on RSU's at over $300 just 7 weeks ago. What a crash. If I were there I'd be looking.

Santa has come early to visit Oracle HR teams for cutting jobs. If they keep cutting, they will learn with unsatisfied customer feedbacks because the strss put on remaining saff of responding to costomer disputes and issues i high, they think Ai can reolv the Issues magically.

They do the action that should be forbidden - throwing out the huge amount of employees and really bad management which causes stock fast getting down. What the irresponsible people!

@OP Claycilia are going to produce one he-l of a good quarter to bounce back this time. It's a shame the cost savings had such a temporary effect.

I think they're replacing everyone. They seem to be hiring almost as fast as they are laying off, judging from the #general slack numbers being posted.

Exactly. They are loading up for the next RIF.

@aw I think they're replacing everyone. They seem to be hiring almost as fast as they are laying off, judging from the #general slack numbers being posted.

Can't argue with what you said there. I moved my 401k into a managed IRA in a different brokerage and am relieved to see that none of it is invested in tech stocks.

I was part of RIF. Sold as fast as I could my vested Sept 19 shares.

Is there anyone left to lay off? seriously everyone I know is long gone. what a horrible company

They will reap what they sow!

@OP U are right. I was one of the many people who wrote articles. Alot of us realized what was going on and slowed down or stopped since we had other things more pressing --like customers. Wonder who is writing them now? Alot of the people they kept are new and probably haven't learned the concepts yet (not their fault), it will be like Google's AI throwing junk at you.

according to the guy who is the "father of AI", these companies won't see anything for
at least 5-10 years. Like the Apollo mission, they didn't land on the moon the first time they launched. oh well. Serves them right.

Karma train is rumbling through.

Larry is sleazy snake oil salesman

@a2 this is a horrible advise

If you have any ORCL stock, it is a good time to sell. ORCL is a melt-down, it may go under...