#csuitechange

CDO, then CDO/CIO, then CDOA/CIO is laid himself off by taking another job. The sad thing is he has taken credit for the work of those who earned their jobs without a friendship with Christa Quarles.

• he did not lead an overhaul of the company's platforms, IT infrastructure, and business applications to improve security and facilitate more efficient operations.
• he was given a fully secure an operational infrastructure. Under his management he lost two very savvy infrastructure leaders along with other managers and ICs who didn't trust his experience or the people he hired from OpenTable.
• we are hosted in AWS and Azure mostly and all the operations were already efficient and secure
• nothing changed regarding how the company used data as the team responsible is very savvy.
• there was nothing to modernize considering AWS, Azure and GCP along with the rest of the SaaS apps the prior CIO and security leader implemented.
• the Senior Director, Global Services left as he didn't trust him nor Christa.
• the CTO had to obtain an updated SOC2 Type 2 after Grant and the CISO let the certification lapse for two years.

When I was there a few years ago and their Northstar goal was 50% women in c-suite by 2030. A few years later and almost all the women in c-suite are gone and now the female CFO resigns. What is going on?

https://x.com/thejobchick

"Oracle Layoffs are intense.

• Entire orgs are getting blindsided.

Cloud, Comms/Marketing, Engineering, Ops, Sales
Directors, ICs, even SVPs - all levels.

Remote and in-office. Top performers. Doesn’t matter.
People with 7, 13, 18, 20+ years at Oracle… gone!!

I was told- If you got the email for saying 'Project Updates' - that’s the bait.

You join the call.
An HR rep read a statement.
Access cut within 5 minutes.
Laptop wiped. That’s it.

• Some management didn’t even know.
• RIF decisions weren’t made by your manager.
• Not even your manager’s manager.

People found out their reports were laid off AFTER the fact... then they got cut next.

SaaS execs were reportedly told:
“Cut 10–12% of workforce by end of year.”

And yes, I'm being told some H-1B workers are being impacted as well.

This morning:

• SVPs laid off
• Longtime employees ghosted by leadership
• 1/3 of some teams already gone"

==============================================================

Oracle stock down almost $20 in the last week.

Obviously MarkB is gone and James is interim.
BUT, not too long ago Madhu was ousted and Chad Westlake started and left in what seems like a quarter (maybe 6 months).
Is there a CFO?
Who is running the company?

New outside C level who seems sharp, a new AI strategy that finally makes sense, new initiatives to actually standardize how opportunities work and take a logical approach to account mapping and strategy. Good vibe from leadership. All good progress.