Thread regarding Oracle Corp. layoffs

The great Oracle decline heralds in the next round of layoffs

The executives are already putting spin on the next earnings call. Across the board Oracle is not growing in revenue, infact its declining. The execs believe the can fix this with a better software solution for cloud. Again the strategy is to roll out the new cloud software in rented datacenters. The customer will pay for the expansion once they see how great the new Oracle cloud software is.

In the meantime heavy cost cutting measures are planned to slow the burn of declining revenue and keep earnings high. Unlike last time where the hut was planned after the earnings call this new one will be before th earnings call so they can talk about the massive restructuring effort. Restructuring costs ofcourse are related to employee severance. Plan is to take Oracle global employees sub 100,000 which equates to nearly a one third reduction in force in FY20.

This is what you get with MH. Zero innovation as Oracle shrinks into greatness. The revenue slide down hill has begun and will gain momentum.

by Anonymous
| 1851 views | | 7 replies (last April 22, 2019) | Reply
Post ID: @OP+YGBkXCK
Comment! It's anonymous!

7 replies (most recent on top)

Oracle is in permanent decline: revenues down, EPS down when you account for massive share buybacks, nothing new coming out of development - major layoffs is the next logical step to prop up this make believe castle. The model here is IBM, look at what they’ve done over the years, oracle is a few years behind but it’s exactly the same story and the same management strategy. Well, with one exception: IBM was actually honest enough to publicly announce the layoffs; oracle not so much.

by Anonymous
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Post ID: @1yif+YGBkXCK

Is sub 100,000 really their Goal? Is the work done by these people (who will be laid off) going to be replaced by new hires or are they automated or they're not required at all any more? Or did they over hire?

by MCSemp
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Post ID: @1miw+YGBkXCK

blah blah, i got laid off, i'm bitter, blah.

Same old tune on an endless loop with you losers.

by Anonymous
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Post ID: @iba+YGBkXCK

I think we should be prepared for "winter". Update resume, connect with prospective employers, explore options for side hustle, review interview skills etc. We have to make everyday count. Time is running out both for Oracle and it's employees.

by Anonymous
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Post ID: @ezd+YGBkXCK

Yes the 3 Stooges are running oracle into the ground. To late for an Easter type revival. O is dead, dead, dead. All you can expect is more layoffs, declining revenues, more share buy backs to prop up the share price, of course, and more lies form the 3 stooges. In other words, more of the same. Now, remind me of the common definition of id--t - somebody who keeps doing the same thing over and over again, but .... Yep, that’s oracle for you!

by Anonymous
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Post ID: @zwj+YGBkXCK

We all know that O is cheap and miserly with the employees. Now we have proof they are not even interested in investing in what they SAY will be a core business. And everyone knows it. Now they double down on the same pathetic strategy. Outsourcing functions is not the same as outsourcing people!!

by Smdh
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Post ID: @yks+YGBkXCK

This is Oracle management thinking like they are running a regulated public utility like the power company where they can "pass along" capital investments in periodic rate hikes.

So sure, no "risky" capital investment in advance, just let them order it and pay and we will rent it.

Oracle started with government customers and somehow never got it that the world is bigger than that. My heart breaks.

by Sweet17
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Post ID: @hyu+YGBkXCK

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