ESPP is on March 31st that's why US layoff will happen on 03/31
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This doesn’t make any sense. They’d probably prefer to sell the stock to you for cash - the whole point of the layoffs is to raise cash.
The ESPP program is the worst I’ve ever seen from big tech, it’s not like you get the stock at some 15% discount.
Money over their people 🤮
@c2 Oracle could file them today and layoff people tomorrow. They have until 4/1 to file WARN notices and still meet the 60 days to be done by 5/31.
@c2 Correct me if I'm wrong, but if they garden leave is long enough, they don't have to do it.
If layoffs are eminent, why are there no WARN filings posted anywhere?
California, Tennessee, etc
That has absolutely nothing to do with the timing of the layoffs.
At least it'll be over one way or another on Tuesday. Dragging this out the way they did and destroying productivity because of it was just pure incompetence. Everyone above line manager should get a title and pay cut, including Larry.
@a4 I would assume it's more they want soon to be ex employees to buy the stock. If they didn't oracle would have to refund all that stock cash.
what do you mean ? the wont give espp ????
@OP don’t need to pay an extra month of benefits… also month end close. Much cleaner.