Thread regarding Oracle Corp. layoffs

IMPORTANT INVESTOR NOTICE: The Law Firm Announces the Filing of a Class Action Lawsuit Against Oracle Corporation

https://finance.yahoo.com/news/important-investor-notice-schall-law-183000761.html

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IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Oracle Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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.....According to the Complaint, the Company made false and misleading statements to the market. Oracle’s cloud revenues were driven in part by coercive and improper sales tactics. Examples of these practices include threatening clients with audits of non-cloud software usage if the clients did not shift software to cloud computing options. Customer support was also decreased for certain products in an effort to encourage adoption of cloud-based alternatives. Oracle’s sales teams would also threaten dramatic license cost increases if customers utilized another cloud computing provider.

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