Earlier quoted context omitted.
Dot-com bubble crashing didn’t mean the web disappeared.
Some of the shakier dot com companies did, though. And the dot com bubble collapse of Nortel and Worldcom shows that even well-established companies with significant non-bubble investments are vulnerable if the companies make poor economic decisions (in both of those cases, the collapse was driven by excessively aggressive acquisitions). Likewise, LLM's won't disappear completely with a stock market crash. But the we…
Oracle shed about 20k roles globally in the last year
131–135 of 135 posts
Re: Oracle shed about 20k roles globally in the last year
#132Earlier quoted context omitted.
Oracle is still mostly generating income from an old school model, a bit like IBM and SAP used to. They have huge contracts with mega-corps bringing in millions per year for a license. The have been pivoting to other things like consulting, cloud, AI for years but I still feel most of the income comes from these original db and product licenses. As someone who worked with Oracle since 1998 I'm kind of amazed they've…
Youre out of date. The revenue numbers from cloud infrastructure (iaas) are HUGE the past few years. DB licensing etc are mixed in to “ Cloud services & license support” so it is hard to pull out. But youll notice that: - “iaas” (OCI) is growing 50% yoy and the bulk of the revenue. - “cloud license and on prem license” (new software licensing) is $5B or ~10% of the segment - ERP, peoplesoft etc arent broken out but a…
Re: Oracle shed about 20k roles globally in the last year
#133A friend met with Oracle salesdroids (his company has spent a few million with them in the last few years). They told him everything is oriented towards AI, to the point that otherwise profitable software is not being updated and development has stopped on anything new. Oracle has a lot of niche solutions and the one my friend’s corporation uses is profitable but not on the AI path, so it is being put into maintenanc…
That’s makes sense in its way, if they’re convinced and absolutely certain that’s the future. By analogy, I bet there were some carriage manufacturers who bet the farm on internal combustion engines when horse drawn carriages were still popular. It would seem insane at the time for them to give up their reliable business for something risky and unknown. However, in retrospect it would seem like bad business to throw…
Honestly, at Oracle scale, doing the "let's destroy and rebuild the company mid-flight" seems like a losing proposition compared to newly formed companies or more natural extension of existing companies.
And meanwhile, customer reliant on Oracle products are left alone, with all the negative output it entails.
Re: Oracle shed about 20k roles globally in the last year
#134Re: Oracle shed about 20k roles globally in the last year
#135Earlier quoted context omitted.
That’s makes sense in its way, if they’re convinced and absolutely certain that’s the future. By analogy, I bet there were some carriage manufacturers who bet the farm on internal combustion engines when horse drawn carriages were still popular. It would seem insane at the time for them to give up their reliable business for something risky and unknown. However, in retrospect it would seem like bad business to throw…
Even if AI is the next combustion engine, would you bet the farm on a C tier buggy whip manufacturer like Oracle being the next Ford or General Motors?