Oracle completely missed the jump to cloud and, like Informatica or SAS, it’s been outcompeted by the likes of Microsoft, Google, Snowflake and Amazon for years now.

But hey, that’s not going to go down well with the shareholders, so just say you’re cutting jobs because you’re streamlining your business through the marvels of AI…

That said, who exactly are the people that are being let go? I can imagine the old guard still working at ‘their’ company, but firing young engineers hardly seems like a winning strategy