Don’t work for evil companies.
your local food bank only has so many open positions
The more people who believe this, the easier it is for me to find a job at a place I respect, so thank you.
Oracle slashes 30k jobs
171–180 of 890 posts
Re: Oracle slashes 30k jobs
#172Why doesn't anyone ever mention project stargate when discussing these financial struggles of Oracle and OpenAI? That's your answer.
Re: Oracle slashes 30k jobs
#173The 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,…
Every company I've worked for has avoided Oracle software of any kind.
My hunch is that big consulting firms like CGI might use it, and therefore the customers of those firms use it? But I haven't worked at any of those.
Re: Oracle slashes 30k jobs
#174Earlier quoted context omitted.
What time is a good time for everyone to show up for a face-to-face layoff meeting for a global company? If you don't do it simultaneously, you're going to hear by rumor rather than by official email, which is IMHO worse. If you do it simultaneously, everyone will know something is up, because there's never simultaneous global meetings.
the practicalities of the issue don't stop it from being impolite.
There is no perfect or right way to do this. Every approach will have criticism (and not every approach is equal), and different people will appreciate different things about the trade-offs.
Is it polite to let people stew for hours, or days, as virtual meetings spread across the company to convey the news in person? It is polite to schedule those meetings all at once with the implications clear - how is that any different than just confirming it an email? Is that better or worse than scheduling such calls with short notice, so that every employee must wonder for days (maybe weeks, depending on staffing and leverage model) whether they still have a job, when that information could have been communicated immediately to allow for immediate preparations?
You and I as senior managers might both apply the golden rule in this situation, but that could lead to different decisions.
Re: Oracle slashes 30k jobs
#175The 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,…
They acquired a lot of applications - ERP, CRM, finance - I suspect actual database licensing revenues are only a small part of their revenues these days.
Years ago I had some fun integrating with Hyperion Financial Management (HFM) - which is actually a pretty impressive beast if you need consolidated financial reporting!
Re: Oracle slashes 30k jobs
#176The 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,…
They make a lot of money off of the cloud services and their layered "enterprise" applications. Selling "just the database" isn't what Oracle's been about for a very long time.
Re: Oracle slashes 30k jobs
#177"Any unvested restricted stock units, however, were forfeited immediately." wow.
Isn't this normal? I thought that's how it typically works when an employee leaves a company with any method.
That's what the contract would typically say. But it's not uncommon to have accelerated vesting either when parting on good terms or with severance.
Re: Oracle slashes 30k jobs
#178The 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,…
It's exactly as you said. The dependency on old school legacy implementations that can't be turned off. To be fair to Microslop even they had the foresight to open source .net core and even try to bring some things to the open source community. Oracle actively turned into a patent troll.
Re: Oracle slashes 30k jobs
#179The 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,…
NetSuite
There are alternatives, but NetSuite is the gold standard unless you want to fork over for SAP.
Re: Oracle slashes 30k jobs
#180It's still a company worth $400B that makes $3B of profits and not even $20B of revenue. And full of debt from AI datacenters full of hardware with a 6 year depreciation cycle, possibly even lower depending on what NVidia releases next. So overvalued!
Oracle has >$60B in revenue and $16B in net income. It doesn’t seem crazily overvalued to me? Perhaps you were looking at quarterly statements? https://finance.yahoo.com/quote/ORCL/financials/
Yeah plenty of suckers are trapped by Ellison’s downward facing grass cutting blades.
It’s a sad state of affairs. I mean Postgres is right over there!