The Long Slow Oracle Corporate Death Spiral
A LOT of people coasting along at Oracle, and have been for many years. They get their peanuts salary and No RSUs in exchange for a guaranteed paycheck every two weeks. Meanwhile the managers (VP and above) rake in the pay and bonuses and RSUs. The managers are parasites on the back of the hard work of the Oracle of the past. They milk the revenue stream and don’t invent anything new, and making an occasional acquisition to prop up the revenue stream for a little while longer. Ex-Sun people and technology languish in and loll around Oracle lazily, dreaming of their “Glory Days” when Sun was actually a real company. I have never seen such a bunch of has-been a than Sun people inside of Oracle. They bleat and scream that they are still relevant to Oracle as the Sun hardware revenue shrinks at a 20% rate every year. Sun adds no value to Oracle and really never did, even the Exa crap. OCI is a special case — unlimited spending and unreal salaries and RSUs showered on Amazon and Azure people in the 2015-2020 period to attract them to Oracle. And after their shares vested they left and moved on. In the past 2-3 years the B-listers start infiltrating the OCI org and bringing down the overall competence of the group. Clay Magouyrk takes command of OCI, with his sh!tty shameless leadership style, helping put OCI on a downward path due to his constant temper tantrums and overall lack of maturity and ability to truly lead. And OCI finally realizes it will never be a Tier 1 (and maybe even Tier 2) cloud, and changes strategy to build many dozens of “regions” worldwide that consist of a server rack in a co-lo’s broom closet. This shifts the work away from innovating new features and capabilities into pure ops work to keep things trying to run. What few significant features are released are solely dictated by Clay who uses Gartner points criteria as his roadmap. No imagination. No innovation. No leadership. The bottom line is that Oracle is screwed and is in a very long and slow death spiral. And has been for many years. The people who lay around and collect paychecks at Oracle and do nothing deserve your below-ibdustry peanuts salary and zero bonus and RSUs. The OCI people who are waiting for their final RSUs to vest will receive peanuts as “refreshers” and you deserve this too. You OCI people had the opportunity to create something unique, new and real. Instead your leadership failed you, and now OCI sinks into mediocrity forever and contributes to Oracle’s long slow death spiral.
day 2 company huh
Worse than Day 2. The Day 1 concept is completely foreign to Oracla & always has been (pun not intended).
RIP Oracle. It deserves to die
The sentiment of many if not most customers who have ever dealt with Oracle.
Cool story bro
Hardly a story, but I’ll take the compliment 🤣
Imagine one day we would say the same to AMZN...
All companies have their day in the sun. AWS has many more, but eventually the industry will move past AWS as well and it will become a has been. But those days are way way way off.
What is TC like for those coasters?
Depends, but typically 25+% below market rate and zero bonus or RSUs. This is for much of the company. For those who do get bonus and RSUs, amounts have been plummeting in recent months and years. Oracle does have GREAT health insurance plans, though……
I don't see the problem? Not everyone is dedicating 100% of their life energy to make someone else rich. What even is this post..?
Quick glance at Glassdoor tells me Oracle pays a decent comp for the average American.
But not competitive with its peers.
On point post, OP. My partner left Oracle in 1996 and many of his former teammates are still there 25 years later.
Why is that a big deal though? Are those people considered to be bad people?
Most of the truly BAD people at Oracle are managers, not ICs.
Just lazy & coasting.
Everyone has different priority at different point in life. So nothing wrong in coasting and live easy life. I would also do the same once I save enough to FIRE.
This exactly, people on blind are very one dimensional and only see TC. Nothing else while they grind 50 hours a week trying to make bossman happy or they pipped
We never know if we will survive to see next sunrise. The greed has to end at some point else we will be miserable through the life and forget to live and enjoy it.
Typical response from lazy paycheck collector Oracle employee. LoL !!
Problem?