Thread regarding Oracle Corp. layoffs

Water cooler gossip, gloom and doom

Sales guys comparing notes... Q4 looks bleak. Most customers have put Oracle projects in "containment mode." This means no new licensing if at all possible. Support stream is all that's keeping this Q4 from an inky black hole. Some EULA renewals will come through because getting off Oracle takes time. Never seen it this bleak across so many orgs.

Rumor is a 10% hair cut across the board as cloud is the new direction... for real this time. "Double down" means out with old Oracle employees. Execs are doubling down on cloud. Betting the future on new cloud hires in dev, sales and management.

Guidance will be low as cloud shift will take 18 to 24 months too see results. Flat Q4 signals beginning of 24 month revenue decline.

Just want to see if this is just my small pocket of contacts... or if this rumor is wide spread...

by
| 2843 views | | 9 replies (last May 10, 2019) | Reply
Post ID: @OP+YUwlDol

9 replies (most recent on top)

O is the new IBM -- 23 quarters of negative growth.... let's starting to count: 1,.............

by
| | Reply
Post ID: @5hnf+YUwlDol

What is sad is MOS May or may not have correct notes or ideas. I found no one vetted any of the MOS notes so you are on your own trying to figure out “support”. Filling SR is a waste of time internally and externally... even if you can guess what magic is required to file in the correct silo. And provide exact duplication environment instructions and bug report, core dumps, dB etc.

The policy is to sit on it...wait 6 months and close the ticket.

+50% of Oracle $$$ revenue comes from support.

Products updates are released with “known” bugs requiring patching....if you fon’t Know the “magic” you’ll be hard pressed to force it to function.

And id--t CIO love Oracle and pay for this sh..

by
| | Reply
Post ID: @2usc+YUwlDol

@YUwlDol-bkh

Or they are counting the minutes to retirement. I know a half a dozen people who are now 6 months or less from retiring. All have been around 10 years or more, worked hard, were considered top grade engineers. Now they are coasting. So in effect, they could get riffed and then get paid to reach retirement. They all hate it but are just riding out the clock now counting the days.

by
| | Reply
Post ID: @1gmf+YUwlDol

@YUwlDol-pzu, they're already heading to the exits. "Beating a path" I believe is the term that describes what's happening.

by
| | Reply
Post ID: @bkh+YUwlDol

"old tech support employees...."

Yes those people are difficult to replace but where did you get the idea that Oracle wants to replace them (or anyone else) We're a consolidator of old, broken, patched together apps from hundreds of acquisitions that were only done to buy the install base of customers. We don't "do" support anymore, we tell customers to read the friendly manuals online, log a MOS ticket (which is ignored) and hope they go away. There's little sustaining engineering done and that's not likely to change now. Cloud? that's been the sales mandate for over 3 years but we still keep renewing onprem support after customers already moved to cloud and won't give them refunds or acknowledge that they informed us to stop billing them. I suspect Q4 will be ugly but there's enough money in the bank to keep us floating for a little longer, you won't see thousands rif'd in June but over the next couple of years - absolutely!

by
| | Reply
Post ID: @rnu+YUwlDol

Some of those old Tech Support employees have a depth of knowledge on complicated products and very large systems that can’t be easily replaced. The people I’m thinking of are definitely NOT ‘benchwarmers’ and supporting products that customers are still buying. If Oracle’s extreme stupidity sends them to the exits, then woe to customers who need help with that stuff.

by
| | Reply
Post ID: @pzu+YUwlDol

I thought Oracle’s shift to cloud started in FY2016 and was supposed to take 18-24 months. Not much to show for it and any new shift To cloud will be no better because oracle cloud products are either non-existent or pure c-ap, not to mention oracle’s behavior, lack of support, absence of data centers, licensing terms, etc, etc, etc. Yea, layoffs coming for sure, shift to cloud and cloud revenues notbdp much, more like a step close to dead. Look no further than Turd’s brilliant performance at HP.

by
| | Reply
Post ID: @xao+YUwlDol

" means out with old Oracle employees"

Yes. It is no longer a place to come and warm seats.

Highly doubt 10% though. At least not for this year.

by
| | Reply
Post ID: @xcg+YUwlDol

this is the most reasonable post i have ever read.

by
| | Reply
Post ID: @yyd+YUwlDol

Post a reply

: