Thread regarding Oracle Corp. layoffs

Oracle is riding with Mud Horses

Oracle is making a mistake by choosing cheap labor over quality. By hiring fresh graduates to save money and moving work offshore, the company has stopped improving its products and is now just maintaining them.

The experienced people who actually know how things work are being ignored or are waiting to leave, while the bosses at the top keep doing the same old things just to keep their jobs. New hires are using AI to write code, but they don't truly understand the systems.

People are worried stock will drop more because Oracle doesn’t have a strong cloud or AI strategy. Even its financial strategy is poor. No mo--n will go for such a big debt immediately.

To fix this, Oracle needs to analyze stagnant projects. Rework on talents. Get rid of the stuck leadership at the top, and start rewarding the real experts who can actually innovate. Remember Oracle pays low. If it layoff and hires back its going to be another challenge.


by
| 2011 views | | 6 replies (last February 3) | Reply
Post ID: @OP+1kgcazmer

6 replies (most recent on top)

ORCL stock price is not going back to 300+. It only got there because of euphoria due to the OpenAI deal. That euphoria is gone. ORCL's debt is rated as one level above JUNK !!! (ie, it's BBB). They have sold $18B of debt so far and it's reported they want to issue $50B more. OpenAI is struggling. Altman went on a roadshow to the Middle East to beg sovereign-wealth-funds for $$$. The data centers take anywhere from 2 to 5 years to build. A corporate bond needs to get paid back _ontime. The phone Letters-of-intent and memorandums-of-understanding that companies like NVDA issue are just "funny money". ORCL is on the hook to pay RealMoney to RealCreditors .. and its cloud is the 4th best cloud. Larry's son is also still trying to buy Warner Brothers. and, yes, ORCL has laid off some amazing Solaris engineers ... who really know the architecture and implementation.. and ORCL is assuming that an arbitrary human will be able to sustain the current software with no significant dissatisfaction from customers.

by
| | Reply
Post ID: @j7+1kgcazmer

Oracle stock price is down to 164. VP's were once advised to bump up the stock price more than 200. Their efforts are in vain. Now, we see the stock might further drop till 156 or at the max rise to 180. The only savior for oracle is the openai IPO planned in Feb where it might rebound to 250's. OpenAI is struggling for its own funding. One of my friend in Oracle asked if it can rebound to 300's. No way. Oracle has lot of things to do.

Regarding Layoffs, I don't agree with analyst numbers of 30,000 layoffs recently posted in the websites. It will happen only if OpenAI is doomed. My number is around max 6000-10,000 as we know Oracle always plays safe with layoffs. Bay area is going to be affected more followed by Seattle, Remote locations and India. The least layoff will be in Texas, Mexico.

So What's the best chance for employees ? Keep looking...

Don't try to be a hero and prove yourself.
Lot of proven failures happened in Oracle without recognitions.

by
| | Reply
Post ID: @d0+1kgcazmer

It may be time to clear them out of office!

by
| | Reply
Post ID: @cn+1kgcazmer

What Mistake? That’s the “O” business model for decades. :0):0):0):0):0)

by
| | Reply
Post ID: @by+1kgcazmer

All for OpenAi that have never actually made a profit in thier history.
OpenAi will take Oracle to it's pit.

by
| | Reply
Post ID: @b5+1kgcazmer

Old boss called asking if I want my job back. Told him let’s negotiate starting with 40% salary bump plus good RSU’s. Hasn’t gotten back to me lol.

by
| | Reply
Post ID: @ax+1kgcazmer

Post a reply

: