That's the only move Oracle management knows, apparently.
10 replies (most recent on top)
@a5 Good luck debuggin that stuff.
Been there with ADF, SQL metal, enetrprise framewrk, ryby on rails and every other pipe dream of every junior SW to automate specs to business outcome.
@a5 they wish it did that. They're helpful tools, but not that helpful.
So glad I was 'exited' from this company last year. I can now cheer the stock dips like everyone else! It's actually funny watching the stock when it gets a bump, it's like clockwork watching it drop back into the red.
@be LE is not going to sell anything. He will make the stock price go up by selling the employees out. There is no longer value in working hard for a corporation. Look out for yourself.
And as we saw, even thought O beat the numbers, the stock barely budged. Some will blame that on a very bearish market. Others will say that it's concern over cash flow.
LE could always sell Lanai to pay for another data center.
Eventually it will be whittled down to 10,000 managers and one IT guy.
@ac you are probably right. I would bet that 115k will be a short lived plateau. It will take about 6 months of reorgs and re-balancing before they come to the conclusion that 115k is far to high as well.
There is no way Oracle need 160k+ employees.
No worries, we are correcting that. The number will be right-sized to 115k+ soon.
Every other tech company has done it so why would Oracle be exempt? There is no way Oracle need 160k+ employees. A lot of the people at Oracle are software developers. One of the first skills AI was developed to handle was writing code. It has gotten really good at it fast. Now a skilled group of engineers using Claude code can replace thousands of people in development, testing, and operations. They will deliver better software faster. Layers of bureaucracy will be trimmed nearly instantly. Think of it as corporate GLP-1.
If only it was just Oracle doing this. Sadly they're all doing it.