Look at the list of stuff his skepticism "extends to" and see what is missing. Hint: web apps. That's because Oracle is betting the farm on "cloud services", and a few of their offerings are based on the concept of containerized java apps running on the Oracle cloud. That alone will survive; everything else is fair game. Anything on-premise, including the JRE, are going to be basically ignored from now on.

I work in a different Oracle niche and the message is the same: nothing matters but cloud. If a product can be moved to the cloud, good; if it can't, it will be killed. On-premise versions are pretty much all in legacy-mode, getting patches that pay lip-service to the idea of hybrid setups, but 90% of development resources are busy on cloud-related stuff.

Somehow, the current Oracle leadership believes they should become "AWS for the enterprise", and in traditional Oracle style, they will pull all stops (and cut all corners) to get there. If you don't like it, that's the door. "Java everywhere" advocates are now surplus to requirements.