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This sounds a lot worse than it actually is… if you have worked at one if the major cloud operations (azure, aws, or gcp) this is nothing. We are 24/7 orgs by definition, work is happening globally, we have on-call etc, region turn ups or disaster drills in inconvenient timezones. This is what it is at the cloud IaaS level.
Would not it be cheaper to implement follow the sun model and have engineers in different timezones?
IMO, you’re not a cloud PaaS if you’re not 24x7.

The fact that Oracle cloud wasn’t already 24x7 tells me that they never really were a cloud PaaS, and probably still aren’t.

This seems to refer to new development and deployment of new regions - not standard operations work.

"Region bootstrap, across regions, will need to happen on a 24x7 basis in order to hit our delivery dates. All teams will need to resource appropriately to accommodate this expectation,"

But hey, it's WfH!