Thread regarding Oracle Corp. layoffs

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2 weeks notification, separation date is 9/22
Last working day is today; official exit in the books on 9/22
COBRA for 4 weeks from 9/22
Severance dependent upon service, appears to be 2 weeks per year.


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Post ID: @OP+1k45dbzrn

16 replies (most recent on top)

Officially laid off (SSRE team under glenn->rob->eric). Several others from my team are also part of the layoff, but at least 3 people safe so far (out of 9). Nov 3 termination date, thanks to WARN (Washington State), but also means severance was reduced by that extra time. Locked out of system 20 minutes after my 1:1. Any RSU vests between today and when your final termination date will still vest as normal, any after your final termination date are gone.

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Post ID: @ax+1k45dbzrn

where did you get this number from !!?

News. WARN are public.

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Post ID: @aw+1k45dbzrn

@am There is Federal WARN, and some states like California have their own.

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Post ID: @av+1k45dbzrn

@ak People are being put on garden leave, so that should cover WARN, if it is applicable.

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Post ID: @at+1k45dbzrn

@ak where did you get this number from !!?

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Post ID: @ap+1k45dbzrn

The same for me, didn’t get a clear answer on RSU though

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Post ID: @an+1k45dbzrn

@ak WARN is only for California.

Number is still increasing

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Post ID: @am+1k45dbzrn

In case you were wondering, they fired about 1600 people in USA today

How is it legal? WARN notice was for under 500

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Post ID: @ak+1k45dbzrn

In case you were wondering, they fired about 1600 people in USA today

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Post ID: @aj+1k45dbzrn

8am call - surprised to say the least... RSU's are still in place that is a good thing...

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Post ID: @af+1k45dbzrn

@a5 No, separation date of 9/22 means you can vest anything with a date before 9/22, but after today.

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Post ID: @a9+1k45dbzrn

Separation date allows vesting of RSUs, at least from the last three cycles on the dates I have for vesting.
Just to confirm, are you saying that the separation date enables vesting of RSUs with vesting dates after 9/22?

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Post ID: @a5+1k45dbzrn

Severance in US is 2 weeks for 1st year, 1 week for each after.

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Post ID: @a4+1k45dbzrn

Same for me too.

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Post ID: @a3+1k45dbzrn

Severance is 1 month for first year, 1 week for every additional year, capping at 26 weeks.
Separation date allows vesting of RSUs, at least from the last three cycles on the dates I have for vesting.

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Post ID: @a2+1k45dbzrn

Which GBU? And best of luck to you, at least they were pretty generous with the package.

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Post ID: @a1+1k45dbzrn

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