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More Oracle Layoffs Started Nov. 1, Cloud Unit Impacted

113 points by DenisM 2y ago

calvinmorrison 2y ago
[flagged]
- mvdtnz 2y ago
  [flagged]
stbl219z8y 2y ago
I worked at a F500 company that used Oracle Cloud. Really impressive how their account executives were able to convince our IT department to go all in on OCI just because we used the Oracle database.
- the5avage 2y ago
  I once worked at a company, that bought a lot of unnecessary software, because they knew they need a database, but didn't knew what a database actually is.
  - bongodongobob 2y ago
    Did they buy a mauve colored database? I hear mauve has the most RAM. Edit: it's a Dilbert reference. PHB thinks he needs a SQL DB and Dilbert asks what color he wants.
  - godzillabrennus 2y ago
    I recently helped a company migrate off a SQL-92 DBISAM database they used to serve customers like Google and Microsoft for over 20 years…
- pwarner 2y ago
  They set it up so you can't afford to run it on any other cloud
- nextworddev 2y ago
  Data gravity is helluva force
- rufius 2y ago
  I mean if the joke that Google is just an Ads company with a software engineering org is true, then Oracle is just a Sales company with a software engineering org.
bottom999mottob 2y ago
So uh do we still get to keep our Free A1 VPS with 4 OCPU, 24GB RAM and 200GB Storage...?? If Oracle starts charging the dozens (tens of thousands?) of us that signed up for Pay-as-you-go just to be able to provision a VM, I'm deleting my account. But in all seriousness, Oracle is a terrible company that has scammed governments and corporations. Not really surprised. Bryan Cantrill said it best [0]. Oracle is "morally bankrupt," Larry Ellison prioritizes profits over ethics and innovation. I'm not surprised if the stock price was forced to fall by Ellison because of his July sells [1] 1. He dumped $322 million (2.25 million shares) in mid July in TWO days signalling lack of confidence 2. These shares were spread out with different sizes, to probably minimize the market impact 3. The sells still pushed the stock prices down 4. Then the "cost-cutting" and OCI layoffs happen Obviously correlation isn't causation, but Oracle clearly doesn't care about their cloud, just MONEY, HA! Larry Ellison's Stock Sales - July 15-16, 2024 Date Quantity Price % Change Running Total ------------------------------------------------------------------------- Jul 16 87,127 $143.17 -0.01% 1,145,732,353 Jul 16 1,037,873 $142.53 -0.09% 1,145,819,480 Jul 15 579,765 $142.64 -0.05% 1,146,277,588 Jul 15 81,871 $143.45 -0.01% 1,146,195,717 Jul 15 237,491 $144.61 -0.02% 1,145,958,226 Jul 15 191,252 $145.34 -0.02% 1,145,766,974 Jul 15 34,621 $146.30 -0.00% 1,145,732,353 [0] https://www.youtube.com/watch?v=-zRN7XLCRhc&t=1981s https://www.youtube.com/watch?v=-zRN7XLCRhc&t=1981s [1] https://www.quiverquant.com/stock/ORCL/insiders/ https://www.quiverquant.com/stock/ORCL/insiders/
- SOLAR_FIELDS 2y ago
  I’ve been enjoying doing what I call “siphoning pennies from Larry Ellison” happily via the “always free” OCI tier for almost a year now. I know, given the stewards of this, that “always free” is an empty promise that will eventually go away, but I’m enjoying it while it lasts. I used https://github.com/jpetazzo/ampernetacle https://github.com/jpetazzo/ampernetacle to provision resources and it’s been the “brain” for my personal cloud for this whole time. It doesn’t run much, basically ArgoCD, Tailscale operator and a CoreDNS deployment that does internal routing, but heck, it’s a free highly available control plane for an internal homelab. No other cloud even comes close to OCI’s offering, if you were to provision the same on other clouds it would be minimum $50 USD+ per month Once it finally dies I’ll probably just go find some low cost provider like Hetzner or OVH to run this. I’m purposefully not really doing much on that instance as a result because I know that my small little bundle of terraform that builds out the vm’s will eventually need to be rewritten, so I’ve also purposefully avoided using any OCI specific constructs for my implementation.
deleted 2y ago
[deleted]
Havoc 2y ago
Oracle is really weird. Their cloud offerings at hobbyist level is vastly superior to any of the big clouds. Just objectively better. Yet they keep nuking hobbyist accounts with little rhyme or reason as to who gets hit. So nobody builds anything remotely serious on it. Congrats Oracle, you've managed to get the worst of both world: Incur the cost of free tier while ensuring future high value customers don't trust it.
- Timber-6539 2y ago
  My experience is the opposite. Have used their forever free tier for 3 years now with no issue, no downtime, no drama.
- bityard 2y ago
  A lot of people confuse the free trial account that lets you use free tier resources with a pay-as-you-go account that only uses free tier resources. The former WILL eventually be terminated without notice, the latter usually does not unless you are doing something they see as suspicious. At any rate, I've had mine since the start of Covid Times and never had problems provisioning an instance.
  - steve_adams_86 2y ago
    This is anecdotal but virtually everyone I see getting excited about the free tier on Oracle is hoping to max out their usage in an exploitative way, though they likely don’t see it that way. I think in these situations you have to imagine what would be sustainable if every user did the same. If you exceed that, you’re probably going to meet some friction.
    - TiredOfLife 2y ago
      The thing is Oracle is closing accounts that don't use resources.
      - steve_adams_86 2y ago
StarLordy 2y ago
Oracle Cloud? It is all mostly exadata as a service and that expensive as hell. All other component services suck. The growth is coming because the Oracle database lynchpin and restrictive licensing policies. If you analyse the revenue, I think 3-5 customers make bulk of the revenue (Microsoft/OpenAI, X.ai being two of them). NVidia based revenue is not really a sustainable or real revenue stream.

113 points by DenisM 2y ago

calvinmorrison 2y ago

[flagged]

mvdtnz 2y ago
[flagged]

stbl219z8y 2y ago

I worked at a F500 company that used Oracle Cloud. Really impressive how their account executives were able to convince our IT department to go all in on OCI just because we used the Oracle database.

the5avage 2y ago
I once worked at a company, that bought a lot of unnecessary software, because they knew they need a database, but didn't knew what a database actually is.
- bongodongobob 2y ago
  Did they buy a mauve colored database? I hear mauve has the most RAM. Edit: it's a Dilbert reference. PHB thinks he needs a SQL DB and Dilbert asks what color he wants.
- godzillabrennus 2y ago
  I recently helped a company migrate off a SQL-92 DBISAM database they used to serve customers like Google and Microsoft for over 20 years…
pwarner 2y ago
They set it up so you can't afford to run it on any other cloud
nextworddev 2y ago
Data gravity is helluva force
rufius 2y ago
I mean if the joke that Google is just an Ads company with a software engineering org is true, then Oracle is just a Sales company with a software engineering org.

bottom999mottob 2y ago

So uh do we still get to keep our Free A1 VPS with 4 OCPU, 24GB RAM and 200GB Storage...?? If Oracle starts charging the dozens (tens of thousands?) of us that signed up for Pay-as-you-go just to be able to provision a VM, I'm deleting my account. But in all seriousness, Oracle is a terrible company that has scammed governments and corporations. Not really surprised. Bryan Cantrill said it best [0]. Oracle is "morally bankrupt," Larry Ellison prioritizes profits over ethics and innovation. I'm not surprised if the stock price was forced to fall by Ellison because of his July sells [1] 1. He dumped $322 million (2.25 million shares) in mid July in TWO days signalling lack of confidence 2. These shares were spread out with different sizes, to probably minimize the market impact 3. The sells still pushed the stock prices down 4. Then the "cost-cutting" and OCI layoffs happen Obviously correlation isn't causation, but Oracle clearly doesn't care about their cloud, just MONEY, HA! Larry Ellison's Stock Sales - July 15-16, 2024 Date Quantity Price % Change Running Total ------------------------------------------------------------------------- Jul 16 87,127 $143.17 -0.01% 1,145,732,353 Jul 16 1,037,873 $142.53 -0.09% 1,145,819,480 Jul 15 579,765 $142.64 -0.05% 1,146,277,588 Jul 15 81,871 $143.45 -0.01% 1,146,195,717 Jul 15 237,491 $144.61 -0.02% 1,145,958,226 Jul 15 191,252 $145.34 -0.02% 1,145,766,974 Jul 15 34,621 $146.30 -0.00% 1,145,732,353 [0] https://www.youtube.com/watch?v=-zRN7XLCRhc&t=1981s https://www.youtube.com/watch?v=-zRN7XLCRhc&t=1981s [1] https://www.quiverquant.com/stock/ORCL/insiders/ https://www.quiverquant.com/stock/ORCL/insiders/

SOLAR_FIELDS 2y ago
I’ve been enjoying doing what I call “siphoning pennies from Larry Ellison” happily via the “always free” OCI tier for almost a year now. I know, given the stewards of this, that “always free” is an empty promise that will eventually go away, but I’m enjoying it while it lasts. I used https://github.com/jpetazzo/ampernetacle https://github.com/jpetazzo/ampernetacle to provision resources and it’s been the “brain” for my personal cloud for this whole time. It doesn’t run much, basically ArgoCD, Tailscale operator and a CoreDNS deployment that does internal routing, but heck, it’s a free highly available control plane for an internal homelab. No other cloud even comes close to OCI’s offering, if you were to provision the same on other clouds it would be minimum $50 USD+ per month Once it finally dies I’ll probably just go find some low cost provider like Hetzner or OVH to run this. I’m purposefully not really doing much on that instance as a result because I know that my small little bundle of terraform that builds out the vm’s will eventually need to be rewritten, so I’ve also purposefully avoided using any OCI specific constructs for my implementation.

deleted 2y ago

[deleted]

Havoc 2y ago

Oracle is really weird. Their cloud offerings at hobbyist level is vastly superior to any of the big clouds. Just objectively better. Yet they keep nuking hobbyist accounts with little rhyme or reason as to who gets hit. So nobody builds anything remotely serious on it. Congrats Oracle, you've managed to get the worst of both world: Incur the cost of free tier while ensuring future high value customers don't trust it.

Timber-6539 2y ago
My experience is the opposite. Have used their forever free tier for 3 years now with no issue, no downtime, no drama.
bityard 2y ago
A lot of people confuse the free trial account that lets you use free tier resources with a pay-as-you-go account that only uses free tier resources. The former WILL eventually be terminated without notice, the latter usually does not unless you are doing something they see as suspicious. At any rate, I've had mine since the start of Covid Times and never had problems provisioning an instance.
- steve_adams_86 2y ago
  This is anecdotal but virtually everyone I see getting excited about the free tier on Oracle is hoping to max out their usage in an exploitative way, though they likely don’t see it that way. I think in these situations you have to imagine what would be sustainable if every user did the same. If you exceed that, you’re probably going to meet some friction.
  - TiredOfLife 2y ago
    The thing is Oracle is closing accounts that don't use resources.
    - steve_adams_86 2y ago

StarLordy 2y ago

Oracle Cloud? It is all mostly exadata as a service and that expensive as hell. All other component services suck. The growth is coming because the Oracle database lynchpin and restrictive licensing policies. If you analyse the revenue, I think 3-5 customers make bulk of the revenue (Microsoft/OpenAI, X.ai being two of them). NVidia based revenue is not really a sustainable or real revenue stream.