It feels like Oracle has made some massive strategic missteps in the past year. I’m curious if they can turn it around.
Oracle slashes 30k jobs
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Re: Oracle slashes 30k jobs
#12[dead]
Re: Oracle slashes 30k jobs
#13Imagine slashing 30,000 jobs for a measly 2% share price bump.
[deleted]
Re: Oracle slashes 30k jobs
#14Don’t work for evil companies.
your local food bank only has so many open positions
Re: Oracle slashes 30k jobs
#15Unless you're being offered a very good package, any firing email is cold. Let's be honest
Re: Oracle slashes 30k jobs
#16Let's not forget that ORACLE is actually an acronym.
Re: Oracle slashes 30k jobs
#17It feels like Oracle has made some massive strategic missteps in the past year. I’m curious if they can turn it around.
What "massive strategic missteps"? They continue to attract cloud customers coming from Amazon, Google and Microsoft.
Re: Oracle slashes 30k jobs
#18More victims of AI. Not actually of "AI is replacing jobs", more "oh shit we are spending too much and the product isn't good enough for us to ever make a return on our absurd over-investment".
I don't think its that easy. Look at their employee numbers over the years: (ai generated): Oracle Corporation Employee Count (2010 - 2025) Legend: Each '' represents approximately 4,000 employees. Year | Employees ------------------------------------------------------------------ 2010 | (105,000) 2011 | (108,000) 2012 | (115,000) 2013 | (120,000) 2014 | (122,000) 2015 | (132,000) 2016 | (136,000) 2017 | (138,000) 20…
More employees to release less stuff....
Smell like consultancy.
Re: Oracle slashes 30k jobs
#19More victims of AI. Not actually of "AI is replacing jobs", more "oh shit we are spending too much and the product isn't good enough for us to ever make a return on our absurd over-investment".
I don't think its that easy. Look at their employee numbers over the years: (ai generated): Oracle Corporation Employee Count (2010 - 2025) Legend: Each '' represents approximately 4,000 employees. Year | Employees ------------------------------------------------------------------ 2010 | (105,000) 2011 | (108,000) 2012 | (115,000) 2013 | (120,000) 2014 | (122,000) 2015 | (132,000) 2016 | (136,000) 2017 | (138,000) 20…
But the up curve at the end very clearly tracks with AI adoption and not Corona?
Re: Oracle slashes 30k jobs
#20Don’t work for evil companies.
List successful companies you would not define as evil.