Safra Catz the CO CEO of Oracle, just dumped 90% of her stock in Oracle in the past two months. On 03/21/2017 she sold 3,000,000 shares of her 3,461,860 total shares owned. That dropped her to 461,860 and then she sold another 103,520 shares on 4/26/2017. Safra just cashed out. She won't say it publicly, but these number suggest she is done with owning Oracle. She sold 3.1 million shares of stock for roughly about 65 million.
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This comes amidst rumors of the biggest reorg (layoff) Oracle has seen in the past 10 years. Oracle's move to the cloud has apparently met a point where the old seasoned sales force is not perceived as effective at selling cloud. Rumor has it that two thirds of the sales force will be reduced after Q4 this summer. The biggest cuts come to the sales reps which will no longer requires the individual pillars. It will now be one rep per customer. Similar cuts are rumored to take place in the Pillar Sales Engineering Organizations. Sales Engineers will be let go and replaced by one Oracle ECA and remote support from SEs in India for cloud based POCs.
The one rep will be supported by one Enterprise Cloud Architect (ECA). The current ECA group of Sales Engineers (who came from the pillars) are undergoing a review board process after receiving internal training in which only 30% are expected to remain. Rumor has it that Oracle is planing on replacing the majority of the current ECAs with Solution Architects from AWS and Google.
On premise sales will be handled by Oracle Digital / Oracle Direct with new recruits at a much lower salary (about half) than the current seasoned sales reps.
Layoff Rumor: http://downloadbesttorrentblog.ru/t/N2UeFdk