No other org leadership in the world will treat their employees this badly !! No transparency and courage to support or atleast be honest about what's going on. While M and up taking all the benefits, proactively switching orgs to save their jobs the real hard working ICs are still in the dark. All this company cared is just for M and M only !!
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At least other companies post something on social media(take responsibility) when they lay off people. And look at these Cnuts at O. True MFs.
@ar and negative cash flow.
@ap I have said this before: when there is meteoric growth employers are magnanimous:. Big raises, bonuses and no layoffs.
When growth slows and levels off, that's when everything changes. Suddenly raises shrink, often to zero and bonuses vanish. Then the layoffs start.
Amazing the 'leadership' has chosen not to say anything about any of this, but a couple of the 'leaders' were let go.... What the F? No email, call, Slack message, nuthin'
And Oracle considers itself a 'leader in the industry'? Right....
OP, you are wrong. Intel has been doing this to their employees on and off since 2015. The employee numbers are down around 50k since the peak and company which used to be the industry leader is now an unmentioned has been. Although, Oracle is making great progress in following Intel down the path of being a corporate train wreck.
There is paranoia beyond anything i’ve seen in the top levels of OCI (like a bunch of me-h heads peaking out the blinds). Most of the time the plans are kept at the SVP level, email is tightly monitored, and they have people who are almost full time monitoring this site, reddit, and others for leaks. Then they go to their little crowdstrike console and try to find those leaking and get rid of them. So chances are VPs and below wont know anything until the day hits. Did almost 30 years at oracle before bailing and seen the OCI paranoia develop over the past 6 years.
At least Clay is OK. He was awarded $250M end of last year.
Not sure how they did the math on that one.
But, as a stockholder, I'm interested in a claw back.
Cannot speak for how things are at Oracle, but in past roles anytime layoffs hit this kind of scale they kept it very under wraps to VP+ only. And not even every VP would know what was going on.
If you were required to be read into the plans (HR/Operations) there would be an NDA you’d sign just to learn the project name.
Total lack of transparently! REF getting hit hard M and IC level. Company should feel shamed the way they treat employees. Thinking of all peace and love.
Please realize that M’s will not be spared during this RIF. We saw many M4 and above laid off in Sept. Same will happen this go around.
if you were an M, wouldn't you do so too? At least be honest with yourself... Regarding transparency, you are totally right about the lack of it.