Bloomberg: Oracle women fight for class action status in gender pay lawsuit. Check it out
Raises anyone?
What's up with raises at Oracle? Industry estimates state that 3% should be the average raise for good workers, and 2.5% for average workers. But not at Oracle. Oracle delayed their employee raises for a FULL YEAR. Rather than their 3 to 6 month... — read more
O market cap going nowhere
Forget about the share price, it’s a function of share buybacks; look at the total Market Capitalization - which tells the true story and which is going nowhere. O Market cap was $171 Bn June 2014; now it’s $206 Bn, up 20% over 5 yrs - lame compared... — read more
They have fooled the market for now
No immediate layoffs. They already occurred to make the numbers look OK this quarter. Oracle still has a lot to do to make it: Oracle's customer's hate Oracle Oracle's employees hate Oracle Lots of defections to Google indicate those higher up know... — read more
Balance sheet bad news - ORCL spent $29 billion in FY 2019 - they will run out of cash at this rate
A glowing earnings report? Read the balance sheet. Revenue growth year over year was 0%. Cash (including short term marketable securities, which are money market bonds) shrank by 29 BILLION in one year, and now there is only 37 billion left. The... — read more
Kudos to our teams!
I'd like to give a toast to success! Thank you to each of you whose effort and hard work contributed to our tremendous continuous success - with revenue coming in at $11.13 billion (versus $10.95 expected by Wall Street we have, yet again... — read more
The new oracle looks like the old IBM
Check it out on Yahoo News
Dump your RSUs on the spike
You will never get a better chance on those RSUs that vest over the next few weeks.
Cloud ARR?
Was there any mention of the cloud ARR on the call? This is the only number that matters for the future of oracle. Was I asleep or did the 3 stooges just happily skip past it?
Did SC really say that?
Let me see, in the last 12 months oracle bought back 734 million shares worth $36 billion - is that right? That’s a staggering amount of money to waste on oracle stock! Desperate!?
25k Bonus for Solution Engineer??
Hi, How much is the average bonus per year for Oracle Cloud Solution Engineers? I know the base salary is $60k. Thanks in advance.
Sounds like the end of the road for SUNW
"Sales of Oracle’s servers declined 11% in the period. Catz said the company has chosen to “downsize our low-margin legacy hardware business,” which Oracle acquired when it bought Sun Microsystems." Very sad to see a wonderful company the victim of... — read more
5k new autonomous DB trials in Q4
I almost fell out of my seat when I heard that! I would love to know how many of those trials are real. My BDC use to sign up anyone with a pulse including college interns and people that had absolutely no decision making power to influence any type... — read more
Did MH just say...
did he just say that Support shrunk 25% and netsuite grew 27% ? Is that a dollar value offset and what impact does support shrinking 25% have? Did he mean that?
Food for thought
Let's put aside our differences in opinions for a moment. I know there are those of you laid-off here and are unreachable. Most of the posts/predictions here are decidedly garbage. This message is for those who are on both sides of the fence. Oracle... — read more
Oracle stock is going to be just fine...
Still holding mine since 2010... Buybacks, a decent dividend, and tons of engrained relationships with Fortune 500 companies means there's no way this stock is going to drop 20% in the forseeable future. Think Wall Street will like the partnership... — read more
Israel Layoffs
Ravello / Israel - small cuts: US tech giant Oracle is laying off dozens of Ravello employees in Israel, sources have told "Globes." Ravello's development center in Israel has 70-80 employees, more than half of whom have been summoned to pre-layoff... — read more
Downgraded before earnings call
Ouch! It’s a rare feat for a company to get down carded the day of the earnings call, but oracle managed to pull it off. Impressive!
Promotions and New Hires
It makes me laugh how negative some of you guys are on here. All I can say is that in the UK and EMEA there have been plenty of new hires and promotions in the Consulting Sales org and the Retail and Hospitality GBUs. I really don't see the doom and... — read more
Oracle to lay off dozens in Israel
https://en.globes.co.il/en/article-oracle-to-lay-off-over-half-ravello-employees-in-israel-1001290055
Layoffs at Oracle Ravello
Oracle acquired Ravello in 2016. The company provided a VMware to public cloud migration solution. They have been part of OCI since working on VM stuff and migration. About half the people (40-50) have been given notice.
Unofficial official layoff report 6/16/2019
No major layoffs this past week, total since 6/1/2016 remains at 24,186. Keep looking folks, keep looking.
Raises
IC4, OCI, Seattle 8.5% Salary 10,000 RSU How did you all do this summer?
Incompetent Middle Management - Could be next targets ?
Oracle had recent restructuring with VP and Low level positions. So why Its still incompetent? Oracle requires a heavy restructuring in its Middle Management layer with Senior Directors, Directors , Senior Managers, CMTS positions. Most incompetent &... — read more
Can you say one positive word about Oracle's current culture?
Let me start.................................................nope. Nothing comes to mind. Anybody else?
Oci Bayarea
How is Oci Bayarea compared to Seattle?
The two highest paid CEO’s didn’t make the “Top 30”
https://www.barrons.com/articles/mark-zuckerberg-jamie-dimon-and-other-best-ceos-in-the-world-51560565041?mod=past_editions Jeff Bezos, Larry Page, Satya Nadella, etc. No SC or MH even they’re each paid more than all of the others on the list.
There are rumors that some people are getting raises
Aren't these normally handed out after annual evals in the fall? Anyone confirm or deny they received raises?
Comp plan this year
Can any one tell me what is the average pay increase, bonus and Rsus this year for oci engineers.
Oracle revokes offers in the UK
According to Business Insider: Oracle has revoked offers for some people in the U.K., blaiming a hiring freeze. Way to go to get good publicity and great general goodwill. You guys still think oracle is doing great?
If I had known what this company would turn into, I would have never stayed.
A long time employee here. Maybe this will come as a shock to the youngsters, but believe it or not, this used to be a great company back in the day. Not in my wildest dreams I could have imagined that it could sink to this level. My point is, that... — read more
Another round of massive lay offs in September?
Today in the cafeteria some group of people were discussing the possibility of massive layoffs in the month of September in the dynamic org that is most discussed in this site. Actually that's the only topic most of the people are talking about these... — read more
Demographics are meaningless, its all about the technology
A sub culture of self loathing sprung up, that only people from the outside or young blood could fix Oracle. The Seattle folks (and there are others) stepped into the vacuum and ran with it. As with anything in the tech industry, demographics are... — read more
How happy are you at Oracle nowadays?
Upvote = Happy; Downvote = Not Happy
I find it very interesting that we have people verbally attacking those who post layoff rumors
This site is for people to discuss layoffs and share rumors. Being what it is I see no need for all the hateful posts when people discuss potential layoffs. People are trying to prepare for uncertain times in the midst of a gigantic reorg where the... — read more
LE coming back to save the Cloud
When Thomas Kurian, a high-profile former Oracle executive, left the software company last September, his peers at the database software company expected Oracle to replace him. But Larry Ellison, Oracle’s co-founder and chief technology officer, had... — read more
What is this with Demotions at O R C L ?
Never heard in my entire life some one getting demoted at Ora. That too at Sr VP levels. Is it an indirect way of telling, "Bro, I don't like you and I don't want to throw money giving severance. Please do a favor for yourself?" I feel very sad for... — read more
in less than a week all the predictions will be either confirmed or proven wrong
Soon it will be the earning call and we will get to know how much of the predictions here are true and how much of it is just random trashing.