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Where could mass layoffs strike next?
Any rumors? What parts of the company could be impacted next?
Firemen's Retirement System
Can anyone explain how / why the Firemen's retirement system is involved in this? As Frankel wrote in her article, the lawsuit, which was originally filed by the Firemen’s Retirement System of St. Louis, could be worth billions:
NetSuite
Would someone be able to explain why people are suing regarding NetSuite. Thanks!
Getting a FedEx tomorrow.
My time is up. SCA.
NetSuite a gift that keeps on giving
https://www.reuters.com/article/otc-oracle/oracle-directors-shareholders-can-go-ahead-with-billion-dollar-derivative-suit-idUSKCN1V91UJ Oracle directors say shareholder lawsuit about alleged self dealing in NetSuite acquisition should proceed, but... — read more
Aloha spirit and Cloud 2.0
Well LE and most ohana had aloha filled 75th celebration. LE gave big aloha to shareholders of banks that loaned MEE movie money. Not pono. Whoever runs engineering, whoever has CTO title, LE will stay rich. Unfinished projects proliferating... — read more
Reorg coming in IDC, Cambridge & Belfast
Just heard at lunch that there's a big reorg coming, almost certainly with lots of redundancies. Take the free money and jump ship to something better :-)
Unofficial official layoff report 8/18/2019
About 400 people laid off in the Pillar org this week. That brings the total since 6/1/2016 to 24,850. In other words, close to 25,000 experienced employees laid off in predominantly US and Western Europe and replaced by less expensive and less... — read more
SEC Whistleblower Program
If anyone believes they have information related to Oracle's potential violations of securities laws you can submit your information to the Securities and Exchange Commissions Whistleblower Program. One common violation the SEC enforces is when a... — read more
Pillar org layoffs
A bunch of people belonging to the Pillar org just laid off via a short conference call by Mike Workman (including me). Don't know the scope. Today is my last day. It is sad for the Pillar org. I personally am not sad as this works out for my family... — read more
Dyn Update
Dyn has been decimated from around 400 to 150. Office space has been collapsed in recent weeks from two floors in the building to one single floor and a skeleton crew. Everything that made Dyn a fun place to work (slide, multiple varieties of beer on... — read more
Google rips a page out of the Oracle playbook
**Google Cloud has changed how it pays its salespeople, ripping a page out of the Oracle playbook ** ROSALIE CHAN AUGUST 14, 2019 This story requires our BI Prime membership. To read the full article, simply click here to claim your deal and... — read more
Incoming layoffs in IDC, Cambridge and Belfast.
Heard rumours today about significant layoffs across 3 continents, amongst commerce teams
Oracle Corporation (NYSE:ORCL) Earns Among The Best Returns In Its Industry
Oracle Corporation (NYSE:ORCL) Earns Among The Best Returns In Its Industry https://finance.yahoo.com/news/oracle-corporation-nyse-orcl-earns-173948718.html
BMC & OCI PIP/layoffs
Are BMC and OCI, two different orgs? Do they have PIPs/layoffs. Also how is PIP different from layoff at oracle?
Oracle Romania CEO, reportedly targeted by corruption investigation
https://www.romania-insider.com/oracle-romania-ceo-corruption-investigation https://www.occrp.org/en/daily/10448-romania-probes-software-company-ceo-for-bribes Romania's anti-corruption unit (DNA) launched an investigation into bribery... — read more
Unofficial official layoff report 8-11-2019
The lazy hazy days of summer are here, nothing crazy so far. No major layoffs this past week. Total since 6/1/2016 remains at 24,450. Enjoy the summer days and keep looking.
Possible Stock hit & Reorg in September
Rumor is some of the lawsuits filed in the past on cloud revenue have some strong evidence and good testimony. Only thing keeping the court cases on hold is the stock price. No one has suffered a loss in spite of the inflated numbers. Bad news... — read more
Bigger investment?
R&D towards the cloud? Or John Mayer for OOW?
Oracle's leadership doesn't know the cloud..
Business Insider: Here are 12 execs leading Oracle's cloud computing push. https://www.businessinsider.com/oracle-executives-power-players-cloud-2019-7 Oracle's leadership doesn't know the cloud," he told Business Insider. "The top leadership... — read more
September and forward prospects
September brings board meeting so read proxy statement to see what official word os about severance, buybacks, staff readjustments. Melting away, you know. That N guy with the deleted poem was a trip. Advance birthday wishes to Gramps... — read more
https://www.businessinsider.com/oracle-executives-power-players-cloud-2019-7
Sorry, behind the paywall but you can sign up for a week long free trial. Pretty much everyone we love to hate listed in one place. Definitely recommended if you need a quick remedy for slow bowel movements.
annapurna-bankruptcy-near-megan-ellison-larry-ellison-credit-facility-hollywood-studio-1202663429
https://deadline.com/2019/08/annapurna-bankruptcy-near-megan-ellison-larry-ellison-credit-facility-hollywood-studio-1202663429/
Gen 2 Cloud Live
There you go... https://www.datacenterdynamics.com/news/oracle-generation-2-cloud-go-live-australia/
Bonus
How do I know if I am going to get a bonus for the last FY? Is there anything online that I can check to see when and how much should I be expecting?
Oracle Cloud Performance Issues?
Anyone know about outages with managed cloud services? Have been hearing about customers notifying Oracle of problems with cloud and autonomous dbs, they bring in consultants who don't tell them anything and then get billed and told it's fixed
Its a great time to get laid off! Here are some tips on how to get the package.
While tech sector employment remains strong, that doesn’t mean everyone in the channel has been able to avoid getting pinked-slipped this year. AT&T, Lenovo, SAP and Oracle are among companies in the channel that have shed workers during the first... — read more
Layoffs are coming - Yes, and there should be no surpise
Layoffs are coming, but nothing more than has been experienced in the past few months. Small layoffs have been occurring monthly since March of 2019 and it should be apparent to you that this will continue into the foreseeable future. Also should... — read more
Black monday.. Layoffs scheduled for August 4th
Rumor is cuts tomorrow. Same as always, random departments and orgs across the globe. First Monday of the month, every month, to keep layoff under the radar is a thing now.
Unofficial official layoff report 8/4/2019
No major layoffs this past week. Total since 6/1/2016 remains 24,450. Keep looking friends, keep looking!
Oracle changed its company logo color
What is the point of changing the company logo color from red to black?
He did it>>>>The Pentagon is putting its l $10bn cloud contract, JEDI, on hold
The Pentagon is putting its controversial winner-takes-all $10bn cloud contract, dubbed JEDI, on hold as it investigates whether the whole process was biased in favor of Amazon. https://www.theregister.co.uk/2019/08/01/jedicloudcontract/
https://www.google.com/amp/s/amp.businessinsider.com/larry-ellison-no-new-equity-unless-oracle-stock-80-dollars-2017-9
Larry Ellison won't get paid any more equity unless he gets Oracle's stock up to $80 https://www.google.com/amp/s/amp.businessinsider.com/larry-ellison-no-new-equity-unless-oracle-stock-80-dollars-2017-9
No one buys Oracle cloud because it has no infrastructure to back it.
The judge backed the Pentagon's decision to rule out Oracle. Oracle lost the cloud war for the Jedi contract for one simple reason. the Defense Department had the legal right to rule out Oracle on the grounds that it lacked a sufficiently large... — read more
Monday Monthly "Meltaway" Madness
Rumor has it the new orders for the global multi-phase layoffs are to occur monthly now. This Monday August 5th is the next round. Below are snippits and links to the articles explaining the new marching orders. Hundreds are to be let go the first... — read more
Sold ORCL at $60
Nice tidy profit so thanks to all you Oraclers for helping with the profit.
My Review of Oracle Cloud
I would like to share with you my thoughts on Oracle Cloud as someone who has worked for a partner/customer for many years. I just am so frustrated by using their cloud I need to vent somewhere! That being said, I know that my living at the moment... — read more
Pentagon issues forceful rebuke of Oracle as debate over massive federal contract turns caustic
https://www.thetelegraph.com/news/article/Pentagon-issues-forceful-rebuke-of-Oracle-as-14268151.php Opening paragraph: The Pentagon has issued an unusually strong rebuke of Oracle over the weekend, accusing the company of employing... — read more