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Oracle slashes 30k jobs

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Re: Oracle slashes 30k jobs

#151

Post by pearlsontheroad »

stackskipton wrote: post #50
CoolGuySteve wrote: post #29

Earlier quoted context omitted.

Even at 100k employees I’m still dumbfounded by that number. What do all these people do all day?

Oracle sells alot of software that is accompanied by hordes of consultants to set it up. Last F50 I was at did a PeopleSoft migration. We probably had 400 Oracle employees pass through the doors over 2 years helping to get it off the ground. Most Enterprises don't just buy software and that's it. They buy software + support to implement it for their business.

plus yearly support maintenance

Re: Oracle slashes 30k jobs

#152

Post by ivell »

bux93 wrote: post #124

"Any unvested restricted stock units, however, were forfeited immediately." wow.

This is the unfair part. Quite often salary is reduced with the excuse of having stock options. So this is more like a cut in earned salary along with getting fired.

Re: Oracle slashes 30k jobs

#153

Post by hulitu »

CoolGuySteve wrote: post #29
muskstinks wrote: post #9

Earlier quoted context omitted.

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…

Even at 100k employees I’m still dumbfounded by that number. What do all these people do all day?

Solaris ?

Re: Oracle slashes 30k jobs

#155

Post by Gualdrapo »

SoftTalker wrote: post #43
dolphinscorpion wrote: post #15

Unless you're being offered a very good package, any firing email is cold. Let's be honest

There's no real way to sugar-coat losing your job. I think an email is as good as anything. Ensures everyone gets the same message at the same time.

And traceability.

In a 1:1 meeting you could fire me and say a gazillion things and I'd forget 99.9% of them.

Re: Oracle slashes 30k jobs

#156

Post by christkv »

js8 wrote: post #130
shepherdjerred wrote: post #75

Earlier quoted context omitted.

It’s not unethical to lay someone off

Actually, it is. You have been blinded by capitalism to consider it ethical. The tribes usually treat the members as a family. While kicking someone from a tribe can happen, it's considered to be a harsh punishment. In a tribe, when hard times come, people usually redistribute. That's a normal, human way of dealing with that situation. Not a layoff. The other aspect is the economic crises. When a central bank decides…

Yeah because marxists systems "take such good care" off people in comparison.

Re: Oracle slashes 30k jobs

#157

Post by kyledrake »

The bulk of the comments in here are focused on comparing Larry Ellison to a lawn mower, so I'll try a new tack and say that I'm genuinely confused at what the value prop of Oracle is.

Given the history of their business model being licensing of important databases that are hard to switch off of, I've actually made a point to avoid using Oracle as much as possible (even so far as to leave MySQL when they acquired it, and I've never started a fresh project in Java, which they used to drive a lawsuit they had with Google).

From my chair, they make an expensive database they try to sell to golf executives. There are innumerable equal (better?), free alternatives, and most startups are founded by broke coders in bedrooms that choose those instead and stick with the devil they know. And they have an un-competitive cloud service? Enlighten me on what I would use Oracle for, I'm genuinely curious.

Re: Oracle slashes 30k jobs

#158

Post by B1FF_PSUVM »

PyWoody wrote: post #106
hyperpape wrote: post #87

Earlier quoted context omitted.

1. They maintain and sell one of the largest relational databases. 2. They're the primary maintainer of one of the largest programming languages. 3. They do tons of HR/ERP type software. 4. They have a supply chain division (my company is a direct competitor, and we have 2000 employees--it's a drop in the bucket, but a few thousand here, a few thousand there and it starts to add up. Afaik, their supply chain org is b…

6. Lawyers

"The first thing we do, let's AI all the lawyers" ?

Re: Oracle slashes 30k jobs

#159

Post by ivell »

mirekrusin wrote: post #42
newsoftheday wrote: post #20

Earlier quoted context omitted.

List successful companies you would not define as evil.

37signals, vanguard, costco, proton, fastmail, mullvad vpn, framework, automattic, valve, patagonia, lego, linear, hetzner, tarsnap, ...

"You either die a hero, or you live long enough to see yourself become the villain"

It is only a matter of time...

Re: Oracle slashes 30k jobs

#160

Post by dijksterhuis »

muskstinks wrote: post #9
dafelst wrote: post #2

More 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…

> (ai generated)

here's a link to an actual source for people who also don't trust ai generated stuff

https://www.macrotrends.net/stocks/charts/ORCL/oracle/number...

edit: this source also includes data/graphs on stock price and bunch of other metrics, rather than just one number over time.

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