DJT has reportedly been relying on LE for covid pharma advice. Oracle will develop a database to collect anecdotal reports about antimalarial use against covid. Get more cloud customers, too. LE has been invaluable since his fundraiser. Oracle should... — read more
Impacts
Oracle is not a retail outlet. We can conduct business as usual remotely. Literally no different. If you do most of your business via phone/internet with limited to no on site visit visit to customers, than it's business as usual. The virus... — read more
Oracle Furloughs
Do you think they will furlough us? Or at least some of us? The schools will likely be closed through the end of year, so you are looking at parents who will have to stay at home. On top of it, if we follow the Italian path, stuff will get worse... — read more
Layoff Template Letter due to Coronavirus Sample
Dear [Employee name], Due to the overall economic impact of Coronavirus (also known as COVID-19), [COMPANYX] is implementing measures to protect the financial stability of our company. Due to this, we will have to undertake difficult... — read more
Austin office closed
An email was received this morning saying a someone from Austin office got tested positive and they’re closing the office immediately. Anyone knows if it was someone traveling or due to community spread?
A Question for Our Sales People
Just curious if anything is selling now - no customer/client contant, no travel, are we selling anything
Stock Buybacks Will Not Save You Now...
All that money was spent to reduce the number of shares, so that earnings-per-share increased, because that is what the exec bonuses were based on. Under those incentives, management decided it better to spend it that way than, for example, actually... — read more
Reckoning
The tide is out and now we know who's swimming naked.
Unofficial official layoff report 3/15/2020
No major layoffs this past week. Total since 6/1/2016 remains at 26,376. Be well everybody and let’s hope for the best in these challenging times.
Coronavirus is an epidemic in Santa Clara, Denver and Boston, Oracle refuses to close campuses
Is this a strategy to avoid layoffs by having k–loffs instead? Santa Clara County has banned gatherings of over 35 people, including cafeterias. Denver has declared a state of emergency. Boston is a coronavirus hotspot. Austin cancelled the... — read more
$44/share & Coronavirus in Seattle = the new OCI attrition plan? Who needs layoffs
ORCL stock options are worthless and OCI colleagues are spreading viral contagion around the campus. Seattle schools are closed, but the OCI worker bees are still packed like sardines in their little workspace.
Oracle Reports Earnings Thursday. Here’s What to Expect
Oracle will provide some new insights into the state of global enterprise-software demand and the impact of the corona virus, when the company reports financial results for its fiscal third quarter ended February. Stock market should be expecting... — read more
Perfect Time
for LE to retire. If this happens, we stand a chance.
Oracle not cancelling travel at this time
Every other company is doing it. Maybe the idea is that if employees get sick, it will be a cheap way to reduce headcount. Thankfully none of my customers are requiring in person meetings since all of their staff is now working remotely.
Oracle cuts in EMEA
Oracle is planning to cut 2000 people in EMEA. CSM/CSE, Digital Sales and more.
Unofficial official layoff report 3/8/2020
No major layoffs this past week. Total since 6/1/2016 remains 25,376. More layoff on the way, including in Europe and US. Keep looking!!!
Winning strategy
Winning strategy = fire 920 people Eliminate EMEA PaaS/IaaS CSMs (the opposite of every other cloud provider on the planet) Eliminate CX and HCM Business Development teams; centralize everyone else in Ireland and Egypt Reduce EMEA SaaS... — read more
Oracle "Design"
Wasn't this Oracle Design effort under the Seattle boutique design shop duo supposed to save SaaS and the rest. Senior Execs went about blaming UX for lost details to WorkDay in partic. Was it all BS, typical Oracle By Design? If it smells fishy... — read more
Why Salesforce Outsells CX 9/1
I remember standing in front of the crowd of CX Pre Sales in Malaga. And doing training how to win against Salesforce! The problem? When I asked the room (20 -30 people) If they want to know Why Salesforce is overselling CX in 9/1 they... — read more
So little strategic thinking behind layoffs at Oracle every single time
And I'm positive this time will be no different. Some of the critical positions are always cut, some of the best employees shown the door. Nobody actually sits down to think about what that will mean for the company in the long run. And then... — read more
Downfall of Oracle's Empire - Real Reasons of the Ongoing Decline
The industry and the Oracle customers should know the real reasons of the ongoing decline (of the Oracle empire) and these resulting headcount reductions ... These reductions and reorgs will NOT bring about any change at all, if the Mexican army... — read more
It's just incredible...
According to this https://www.cnbc.com/2019/12/05/oracle-shows-buybacks-can-go-too-far.html Oracle has spent in buybacks 41B in just the last 5 qrtrs, much more than the 10B/Y figure. Actually, Oracle has turn to debt to fuel the buybacks... — read more
Fears in Dublin (1,300)
https://www.irishtimes.com/business/technology/fears-for-dublin-jobs-as-oracle-believed-to-be-cutting-1-300-roles-1.4192769?mode=amp
At least it's not us for once
The Irish Times reports that it learned from workers at Oracle’s Dublin offices that the tech giant will eliminate up to 1,300 positions in Ireland, Holland and Spain. Oracle has been restructuring its workforce dramatically over the last year as it... — read more
Issues
No coherent go to market strategy in most lines of business, infighting over who owns an account rather than equitable account alignment across the whole business (field and inside sales), SE resource only for renewal accounts, virtually no market... — read more
EWC Memo - Significant Reduction in Force.
Dear colleagues, on January 27th 2020 the European Works Council (EWC) has been notified by European management that they are planning transnational changes that might lead to a significant reduction in force. These kinds of plans require the... — read more
Oracle - The Layoff Artists
Honestly. If Oracle can't win awards for cloud technology, surely they can win the award for strategic and "quiet" layoff strategies. As Oracle's position in the marketplace and lackluster sales continue to go down in flames, they are slowly and... — read more
Keeping it Cool - Corona Virus Mega Thread for Oracle
Any opinions? Discuss it here?
Unofficial official layoff report 3/1/2020
No major layoffs this past week. Total since 6/1/2016 remains at 25,376. Keep looking, nothing good on the horizon!
Oracle Digital re-org
Does anyone know smt about the big reorganization in OD? I mean CX and Fusion Applications...
Parenting
I'm working on a cover story about #parenting in #SiliconValley, from parental leave policies at big tech companies to the high cost of childcare in the region. Know any parents in tech who might want to weigh in? If so, please pass along my email:... — read more
Keith Block (Salesforce) Rumor for Next CEO...
Keith Block left Salesforce and Options Market is HEAVY today on the rumor that Block is heading to Oracle. Jim Cramer on CNBC today was drooling about this guy as a "winner". Block might be good but he was riding the coattails of Benioff and... — read more
Class Action Cloud Fraud Case Update
I am providing you all with the link to the latest legal filing that outlines the years of CLOUD FRAUD. this is possibly the main reason for mass layoffs. https://www.blbglaw.com/cases/oracle-corporation?viewDocs=1
What happened to the March Lay-off rumors?
In late January, this board was ablaze with rumors of bigger lay offs in CX and other teams in CD org as well as scary meetings taking place in corporate in early February, but all is quiet again. Where did the Ax-Man go with all of his inside... — read more
SC and MH #1
On the Fortune list of most OVERPAID CEOs last year Well, yeah, we all knew that
WTF: My stocks expired after 3 months of leaving
S**t I had few O stocks and when I am checking it now in fidelity they are showing as all stocks expired :(. At least they should have send me an email alert that they are going to expire. O is great in taking things back :D
What next?
Oracle is one of the fastest declining skillsets over the last 5yrs From the US perspective https://www.techrepublic.com/article/the-top-20-tech-skills-of-the-past-5-years/ (37% drop) And from the UK perspective, just look at that... — read more