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".
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Oracle slashes 30k jobs
81–90 of 890 posts
Re: Oracle slashes 30k jobs
#82Earlier quoted context omitted.
"One Rich A*[CENSORED] Called Larry Ellison"? : ) EDIT: LOL, I haven't expected to be downvoted for simply putting this in a way I like : )
this is the internet, not a Sunday service at your local mormon temple where swearing is banned. You can call Larry Ellison an asshole. There are few people more deserving of being called in asshole than he is.
Let us not forget the poor Nasser, whose username when combined with the Scunthorpe problem becomes N***er. Text censorship is not always a win.
Re: Oracle slashes 30k jobs
#83That CapEx must be really out of control. Soon enough they will be left with 200 data centers and 300 poor bastard running the ship.
Re: Oracle slashes 30k jobs
#84Unless 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.
I think the headline is not the best headline, but what it meant by "cold" is that there was no advance warning. So like cold-calling somebody, but to fire them, and an email instead.
Re: Oracle slashes 30k jobs
#85Imagine slashing 30,000 jobs for a measly 2% share price bump.
Ellison owns something like 40% of Oracle which has a market cap of $400 billion. That measly 2% share bump earned him $3 billion today.
Re: Oracle slashes 30k jobs
#86Earlier quoted context omitted.
> More victims of AI According to the article as well as blind, the main teams hit were associated with Cerner (EHR) and NetSuite (ERP). Oracle's AI spend is part of Oracle Cloud. That said, I guess it can be argued that Cerner and NetSuite being on the chopping block can be attributed to AI because now procurement has the choice to either build in-house via an Anthropic or OpenAI SI like Accenture or TCS or they can…
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That isn't though.
Both Cerner (EHR) and NetSuite (ERP) were laggards in their market segments for years.
If I'm the Director of Enterprise Applications and have a budget allocated to procurement, I have no reason to purchase a laggard product like Cerner or NetSuite even with the Oracle bundle when SAP is giving significant discounts because OpenAI, Anthropic, and GCP are offering partnerships with systems integrations like Accenture or Deloitte to fully build out and manage your own hyperspecific ERP or EHR.
There's no reason to keep investing in products in a market that was already past it's growth stage pre-AI with a clear market winner, especially now that there is downstream pressure that makes build much more attractive than buying an inferior product.
Based on your response, I doubt you even cared to read my entire post.
Edit: can't reply
> I didn't read it because it didn't exist yet, you added it in an edit
It did when I posted. The only edit I made after you posted was fixing HRM to EHR.
> You're not even disagreeing with my response, merely elaborating the mechanism behind it. This is bad faith posting.
I strongly disagree. My entire thesis is that Cerner and NetSuite were bad businesses. If a business is bad you kill the business.
No need to gaslight me and delete your response.
Re: Oracle slashes 30k jobs
#87Earlier 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?
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 bigger than ours).
5. Other things I probably don't know about.
Many of these things come with swarms of consultants who implement the software for companies that don't have any internal technical competency, which swells the number of workers by a lot.
Don't get me wrong, I'm not remotely a fan, I like to quote Bryan Cantrill's rant. However, they do a lot of things.
Re: Oracle slashes 30k jobs
#88Anytime there are mass layoffs like this, I like to look at the company career page and revel in the HR horseshit they jam down everyone’s throats: https://www.oracle.com/careers/
Re: Oracle slashes 30k jobs
#89Do not make the mistake of anthropomorphising Larry Ellison.
oh my god… we thought anthropomorphizing “the computer”, was the problem, when it was anthropomorphizing the principals all along… (yes, i know that is the joke you made, but it was so incredibly appropos that i felt the need to comment to register my amusement / sadness / ¿)
Re: Oracle slashes 30k jobs
#90It 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.
Stock went down 50% in six months. If LE's AI bet is wrong, then they'll have to find some way to pay off the $60B in new debt.