Oracle has indeed noticed the use of FedEx delivery notices to tell when a layoff was going down the day before it actually happened. As a refresher for those new to the game... when Oracle creates a label for a FedEx shipment and you are the... — read more
FANGO ?!?!
Yep, Oracle wants to be part of the FANG stocks and coat-tail the "O" for FANGO. This is not a joke, they are actually serious about this. More to come in Open World. I think they should've used all those energy coming up with "FANGO" in trying to... — read more
RIF in Communications BU
~60 people across multiple product lines were let go today in NC, MA and even India. Clearly, this people paid with their jobs for the mistake that is Oracle cloud
LE 's protege is getting it ..why doesn't him??
https://finance.yahoo.com/news/amazon-extends-tie-salesforce-gains-135801244.html ====='..Amazon Extends Tie up With Salesforce,..'======= Salesforce has signed agreements with the top 2 Cloud providers ( Amazon,Azure).. as most know, Marc Benioff... — read more
Well played Oracle....
https://blog.joda.org/2018/09/do-not-fall-into-oracles-java-11-trap.html?m=1
3 stooges..take a note--how to get rid of employees> WSJ: Verizon launches buyouts to trim workforce-"three weeks pay for each year""
https://seekingalpha.com/news/3392742-wsj-verizon-launches-buyouts-trim-workforce ====================================== --Verizon (VZ -0.3%) has launched an early-retirement program as a move to cut back on its workforce, The Wall Street Journal... — read more
Negative Outlook on Oracle
Announced today, S&P lowers Oracle's outlook to NEGATIVE from Stable because of aggressive BUYBACKS, minimal top line growth and a net cash position that was $14 Billion 12 months ago, but now down to only $2 Billion. LE, MH, SC, CW, DD, TK and The... — read more
If LE/MH/SC cared, they would be reading these posts...
In the 12+ months I've been reading posts (since my own lay-off from this ignominious company), there have been some very deep and insightful comments and analyses regarding the technologies and the business. But as we know, in the Oracle workplace... — read more
NA CSM - I quit after the all hands
Heard the all hands by CB and then the Ad S our VP in his, I am so happy I am leaving Oracle, this division is very clearly about to shut down. They even got a finance guy to talk about comp, the guy sounded more like a sales guy than a finance guy... — read more
Unofficial official layoff report 9/23/2018
Ma major layoffs reported this past week, always some singles and doubles though. Total since 6/1/2016 creeps up to 19,961 - keeping the one for the sale of symbolism. Keep looking!
I was laid off last Jan 8th
I was laid off last Jan 8th along with hundreds of others that were > 40yrs old ! yes, the severance packet we received that we had to sign saying we wouldn't sue Oracle listed the ages of ALL employess laid off ! The true irony in all this was that... — read more
The Motley Fool buy IBM over Oracle
Ouch! Oracle is so far behind on cloud that investors are better off betting on IBM’s resurgence than Oracle cloud growth. Talk about calling BS on oracle cloud and the 3 stooges. Well done!
Oracle is the new Enron?
Stock being propped up by buybacks? What percentage of shares need to be held outside the company for the stock to be considered a Publicly Traded Company? Where are we currently at?
Edited Transcript of ORCL earnings conference call
POST GAME: Edited Transcript of ORCL earnings conference call https://finance.yahoo.com/news/edited-transcript-orcl-earnings-conference-033416284.html
MH interview on CNBC.COM Yesterday - Oh Boy....
Yesterday, MH was interviewed on CNBC, titled "Oracle CEO: Focused on both top and bottom lines." Among other BS misleading comments, MH was asked what is "the pace of movement to the cloud" referring to Oracle's ERP cloud product. Shocker, the T–d... — read more
ORCL is a superb growth stock
This Quarter was strong and aggressive which is now being reflected in the upward trend of the stock north of $50. I have invested heavily in ORCL so hope you will too so as to benefit from the superb work by everybody at ORCL. Don't let the... — read more
Oracle Customer Care
This is the place to be...so many internal problems at Oracle that this org is essentially the surviving c---roaches after a nuclear war
Oracle Share on FIRE
Looks like they are doing the entire stock buyback today itself. Crossed all wall street predictions after Q1 results
Is PTO included in severance?
I'm sorry if this was asked before, but I can't find it. If you are laid off with unused PTO is it paid out as part of the severance or do you lose it all?
Where is layoff
From last 1 year employee headcount have been aroubd 137K. Last week (today) it reached its peak around 138.6K 10 years back it was around 70K. Even though many acquisition. But after netsuite acquisition also number have increased. After TK leaving... — read more
Attrition on your team
Just wondering how bad attrition is (or if it is bad at all) with your teams? My has been decimated. And we are getting no replacements. Are others experiencing the same thing?
ERP Fusion Cloud - howm many are LIVE?
Oracle claims to have nearly 5500 ERP Fusion Cloud customers. How many are fully implemented and Live versus financially engineered DOA ones? It is absurd that the analysts don’t ask how many customers are utilizing the product during earnings calls.
who would hire Oracle consulting?? $200+/hr.. 7-800 of them still hang around..
so there hired again a new SVP.. but who pays $200+/hr..? these days ..Oracle is not a consulting company... still keeping 800 people in N. America (20% managers-- on their butt daily).. if this is not a waste..then what ??? what MH is thinking now.. — read more
12 Billion buyback and not even a raise
Spending all the money for their shareholders and the top level folks, but those that actually have to deal with angry customers' frustrations(us support engineers) on bad cloud products get zilch.
Great feature on Zerohedge
https://www.zerohedge.com/news/2018-09-17/oracle-shares-tumble-after-revenue-miss
How long to get COBRA paperwork?
Wednesday is my last day (voluntary). How long does it take to get the COBRA paperwork?
"Oracle is way ahead of Amazon in cloud infrastructure technology"
So LE made this statement on the conference call. On what basis can he seriously make this claim?
Earnings Review - List the Lies
Earnings Review - List the Lies 1 -- MH - TK will be back. 2 ??
IBM sued for age discrimination, oracle next?
Industry Week: IBM is being sued for age discrimination after firing thousands. Systematically laying off older workers to build a younger workforce. Sounds like oracle to me! Bey your oracle is next on line to get sued. Another reason to sell !
More of the same....
https://www.wsj.com/articles/oracle-revenues-up-1-sending-shares-lower-after-hours-1537217573 On a conference call with analysts Monday, Oracle executive chairman Larry Ellison touted what he said was the company’s top position in ERP, or enterprise... — read more
Big miss
Google news oracle Revenue numbers were a big miss. Wall street looking at this very badly. Low growth
Another great quarter for ORCL
In terms of its segments, the company reported: Cloud Services and License Support revenues increased 3% year over year to $6.61 billion. Cloud License and On-Premise License revenues decreased 3% to $867 million. Hardware revenues decreased 4% to... — read more
Dead -- STOP the repurchases and inflating the stock. Invest in the company!!
https://finance.yahoo.com/news/q1-fy19-gaap-eps-13-200500375.html The Board of Directors increased the authorization for share repurchases by $12.0 billion. The Board of Directors also declared a quarterly cash dividend of $0.19 per share of... — read more
NetSuite
How is NetSuite doing in general. Just curious...
NATD (North America Technology Division) Customer Success Specialist Layoffs
Any updates on this? I hear that NATD was hit last week but nothing official was announced. I know there is a hiring freeze, but also heard that Oracla NATD had layoffs. Chime in if you have any info.
On LE
LE was a pre-boomer software lord. Held on to a mindboggling % of his company over 41 years. Most subsequent founders got WAY diluted. Maybe not a swell guy but a force. And a real taste for art, not just spike heels. Legacy just slip sliding away... — read more
Oracle stock slumps while rest of the tech market reaches record highs
Oracle has been a bad bet for investors, and the company isn’t doing much to make them happy. In the past year, the software giant’s stock has slumped 7 percent while U.S. stock indexes have surged to record highs, with the S&P 500 climbing 16... — read more
WSJ- all eyes on Oracle’s cloud, however hard to see
No hiding anymore