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☆ Piper Sandler upgrades Oracle, says years of low growth are coming to an end
▼ + stars: | 2023-01-09 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Oracle could jump more than 20% as it jumpstarts growth with Cloud, according to Piper Sandler. "That said, F2024 is shaping up to be a watershed year, where growth in operating profits and EPS could accelerate to 10%+," Bracelin added. For investors, the implied upside in Oracle shares would come mainly from growth in Oracle Cloud, which is expected to soon surpass revenues from database software for the company. "Despite all the banter on cloud, the 1% CAGR in revenue and operating profits between F2012-F2022 made it easy to ignore ORCL. That may no longer be the case given Oracle Cloud could expand ~26% annually to reach $21.7B by F2025," read the note.

☆ Oracle CIO Jae Evans on Reshaping the Company’s IT Department
▼ + stars: | 2022-11-29 | by ( Belle Lin | ) www.wsj.com time to read: +5 min

Jae Evans joined Oracle Corp. as its chief information officer in April 2020, just as the company was navigating myriad uncertainties and office closures due to the Covid-19 pandemic. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. PREVIEWMs. Evans reports to Oracle Cloud Infrastructure Executive Vice President Clay Magouyrk. What does your own internal cloud transformation look like? Integrating the shadow teams was addressed by developing common practices and tools including the [Oracle cloud] operations and security [standard], creating measurable [key performance indicators] and applying a “you build it you own it” mind-set.

☆ Elon Musk has given us a glimpse into his plans for increasing Twitter's revenue
▼ + stars: | 2022-11-02 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

If you're snoopy like me, you probably spend a lot of time looking at homes on Zillow or Google Maps. It's not all Google Maps-based side-hustle stories today; We've got other tech news to get to. There's a lot going on in the Musk-Twitter universe this week, and while much remains murky, Musk's plans for generating revenue (and cutting costs) are starting to solidify. Amazon Prime members just got a new perk. Per The Verge, Prime subscribers now have access to Amazon Music's full catalog of 100 million songs — but will only be able to listen on shuffle unless they pay extra.

☆ Oracle layoffs finally hit its all-important cloud unit, as sources say as many as 200 are laid off
▼ + stars: | 2022-11-01 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +1 min

Oracle laid off as many as 200 employees in its cloud unit on Tuesday, two sources tell Insider. The cloud unit has largely been insulated from layoffs this year. Oracle's cloud unit on Tuesday laid off as many as 200 employees, according to two people familiar with the matter. The company has had layoffs throughout the year, but its important Oracle Cloud Infrastructure (OCI) unit has been insulated unit now. Oracle last week began layoffs in a separate cloud unit, North America Cloud Infrastructure & Technology (NACT) unit, according to internal emails viewed by Insider.

☆ Oracle salaries revealed: See how much engineers, developers, and hundreds of other employees earn at the $202 billion database giant
▼ + stars: | 2022-10-27 | by ( Diamond Naga Siu | Jessica Xing | Ellen Thomas | ) www.businessinsider.com time to read: +2 min

Database giant Oracle conducted another round of layoffs this month, Insider reported. Insider analyzed H-1B visa applications to get a sense of how much Oracle paid employees. The $202 billion database giant quietly conducted another round of layoffs, primarily impacting its North American Cloud Infrastructure and Technology unit, Insider reported in October. Insider combed hundreds of disclosed salaries from the office, which authorizes hiring non-US employees, then publicly releases the data. But it is a valuable guide to Oracle salaries for a variety of positions, including engineers, managers, and more.

☆ Oracle insiders say that even its all-important cloud unit is being dragged down by new restrictions on hiring — a major turnaround for a unit that usually gets whatever it wants
▼ + stars: | 2022-10-24 | by ( Jessica Xing | Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Oracle has restricted hiring at OCI, telling recruiters to stay away from expensive areas like SF. Its marketing and customer experience, or CX, divisions were among the hardest-hit units, but the company's cloud division, Oracle Cloud Infrastructure , or OCI, appeared to remain untouched. The restrictions inside OCI in particular follow a period of rapid hiring in 2021, when cloud firms raced to give candidates lucrative packages to win talent, the employee said. Business from OCI, especially with the addition of TikTok, has helped grow Oracle's revenue by 5% in the most recent fiscal year. Additionally, the firm's unwillingness to spend on labor has cost Oracle before, especially as its marketing cloud unit continues to lag behind competitor Salesforce.

☆ Oracle is quietly cutting more jobs as layoffs hit one of its cloud divisions
▼ + stars: | 2022-10-24 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Oracle is quietly cutting jobs again, months after its major August layoffs, Insider has learned. The scope of the layoffs are unclear, but it's at least affecting Oracle's NACT cloud unit. Oracle has quietly begun another round of quiet, unannounced layoffs as it looks to trim its costs. As Insider recently reported, morale at Oracle has been particularly low since August, when the company quietly performed a widespread layoff that may have impacted thousands of jobs across the world. Importantly, NACT is distinct from Oracle Cloud Infrastructure (OCI), a separate organization led by executive VP Clay Magouyrk.

☆ Oracle employees say new location-based hiring restrictions are even impacting the cloud unit, which is the one place the typically frugal company was always willing to spend big for talent
▼ + stars: | 2022-10-21 | by ( Jessica Xing | Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Oracle has restricted hiring at OCI, telling recruiters to stay away from expensive areas like SF. OCI is Oracle's big cloud computing bet, where the firm was always willing to spend top dollar. Its marketing and customer experience (CX) divisions were among the hardest-hit units, but the company's cloud division, Oracle Cloud Infrastructure (OCI), appeared to remain untouched. Business from OCI, especially with the addition of TikTok, has helped grow Oracle's revenue by 5% in the most recent fiscal year. Additionally, the firm's unwillingness to spend on its labor has cost Oracle before, especially as its marketing cloud unit continues to lag behind competitor Salesforce.

☆ Oracle employees say a wave of new hiring restrictions is cratering already low morale, and many worry another round of mass layoffs is looming
▼ + stars: | 2022-10-19 | by ( Ellen Thomas | Jessica Xing | ) www.businessinsider.com time to read: +6 min

Start dates are being pushed and hiring cut across several business units at Oracle, insiders say. Some units that are hiring must target low-cost areas and avoid markets like Seattle and New York. Employees say restrictions are hurting an already demoralized workforce and worry more layoffs loom. Hiring managers across the company have been asked to push back start dates for new recruits, according to two sources within Oracle's recruiting division. More broadly, hiring has been slashed or significantly slowed down across several business units, according to conversations with several company insiders.

☆ Oracle Cloud adding tens of thousands of Nvidia chips for AI
▼ + stars: | 2022-10-18 | by ( Jane Lanhee Lee | Juliette Portala | ) www.reuters.com time to read: +2 min

OAKLAND, Calif., Oct 18 (Reuters) - Oracle Corp (ORCL.N) and Nvidia Corp (NVDA.O) on Tuesday announced they are expanding their partnership and adding tens of thousands of Nvidia’s chips to boost artificial intelligence- related computational work in Oracle’s cloud. The expanded partnership comes as more companies use AI and the AI models become more complex, requiring a ramp-up in data center infrastructure investments. Chips that help accelerate computing speed include GPUs and are heavily used in AI work where Nvidia has the lion's share. While there are many AI chip startups challenging Nvidia, Clay Magouyrk, who is in charge of Oracle Cloud Infrastructure, said he does not see much of an opening for the newcomers. Manuvir Das, who is in charge of enterprise computing at Nvidia, said the Oracle partnership includes increased cooperation to make the AI software run more efficiently on Oracle Cloud and to provide more support to Oracle’s customers.

☆ Amazon, Meta, and other big tech firms have entered the 'Great Hesitation.' Here's what that means.
▼ + stars: | 2022-10-17 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

From the "Great Resignation" to "quiet quitting" and even "quiet firing," there's a slew of new words that encapsulate the state of work today. Amazon, Meta, and other big tech firms have entered the "Great Hesitation." With economists and business leaders predicting a looming recession, leaders at large-cap tech companies are in an anxious waiting game — and they're starting to cut hiring and other costs as they prepare for the storm to hit. "I think all of these companies are in this so-called 'Great Hesitation,'" one tech-investment fund leader said. Injecting Amazon DNA into a startup by hiring its alumni is a common tactic, according to one 20-year Amazon veteran.

☆ An FCC commissioner calls on Apple and Google to remove TikTok from their app stores, saying it's a national security risk
▼ + stars: | 2022-06-28 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

FCC commissioner Brendan Carr called on Apple and Google to remove TikTok from their app stores. BuzzFeed News recently reported that US user data was accessed repeatedly in China. In a letter to Apple CEO Tim Cook and Google CEO Sundar Pichai, FCC commissioner Brendan Carr wrote that TikTok "poses an unacceptable national security risk due to its extensive data harvesting combined with Beijing's apparently unchecked access to that sensitive data." Representatives for TikTok and Apple did not immediately respond to requests for comment. At its core, TikTok functions as a sophisticated surveillance tool that harvests extensive amounts of personal and sensitive data."

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