Oracle used to be a great company to work for. They really cared about making work GOOD for people, at least in dev teams. They wanted you to be able to work well, so they did everything they could to help - on site dry cleaning, food in the break rooms, ATMs, cafeterias with hot food, and any hardware you wanted that would help you get work done. Need a new big computer - no problem, for ex. Then that stuff started whittling down - no more dry cleaning, worse snacks to no snacks, ATMs removed, fight for new computers, etc. Not big things, but they added up. The message was clear. Then AWS ex-employees showed up and then took over, and now everything is a struggle, people are afraid to be laid off, and there is so much reporting on progress that there is no time to actually MAKE progress. The problem is upper management. Quality work and products are no longer the goal. Now it's work fast and deliver ...anything. Work late into the night, and on weekends, and then write up reports on it. No raises. No stability. Tons of backstabbing. No cooperative work. Just a horrible place to work now. Lots of covering up failures and blaming other people. So sad, because it really used to be great. Just MHO. 30+ years. Got the highest evaluations. Was told I was one of the top few employees in the entire org. Great RSU grants. Then laid off with zero warning by anonymous email in the middle of the night, locked out of the entire building, access to resources cut off immediately. And NOT ONE THANK YOU, for 30 years. I was completely loyal to this company. Now that's all gone.
26 replies (most recent on top)
@aw Hey, he's got a right to be upset. I was as well. Shown the door last year after 26 years, lost $320k of unvested RSUs. I felt the same way. Yea, I walked away with about $3.5 million of cashed out ORCL stock over my career, but still - we earned those RSUs. Although last year, ORCL did at least give most of an extended "garden leave" allowing our Sept options to vest - which was nice of them. Sounds like that didn't happen in this round.
@c6 As you may have figured, lunch buddies of VPs likely got them no matter how good your work.
@c3 the took my red stapler...
@c6 I know that more than a few people in "hardware" (SUNW) got them.
I'm another 20+ year employee who was never given a single RSU. Most in my department went a decade without a raise and asked for RSUs as an alternative. We were told you had to be a VP or work in Development to even be considered. I have to say I am shocked how many posts here are about RSUs vesting. Getting the sense they are more common than we were led to believe. Those who received them should be grateful you got some!!
@c2 I see a straight sho-ter with upper management written all over you
@bg,
Yup, 25+ years and I never got a single RSU. Gee, maybe that's why I never gave a sh.t about the stock price.
"If I work my a-s off, I don't see another dime, so where's the motivation?"
@be I was also an M3, but was only vesting 300 RSUs this year (been here for over 15 years). I think I've been getting sc--wed, what a surprise.
Technically you didn't lose anything because the RSUs haven't vested yet.
I too left a non trivial number of RSUs on the table when I was laid off. They were golden handcuffs.
In my case, a lot more RSUs vested over the years than were left unvested. I knew this was something that could happen and when it did I took it in stride. Was I unhappy to leave RSUs on the table? Of course I was. But complaining in an anonymous group chat won't change anything.
And yes, I know I was very fortunate to be awarded RSUs over the years, and that most people never get a single one.
For people jealous at the RSU amount, do not assume OP gets this many RSU every year since the beginning. Usually there is no RSU at first (or stock option before RSU becomes a thing in Oracle about 10 years ago). It usually takes many years to work on more important projects, get recognization, and start receiving significantly more RSUs. It takes OP years of hard works to get rewarded and now quite a bit of the rewards are gone.
And no, I’m not a HR or OP. I have roughly twice of RSUs as OP and can feel his pain if I’m in the same situation.
Oracle was great at giving RSUs instead of raises or bonuses. For all of you slagging off OP, grow up. It doesn’t mean they were a bootlicker, maybe they were like many who worked entirely too hard for a company who just treated them like cr-p and held the carrot of keep doing the great job for very little and one day you might get this. RSUS are a scam. I know entire teams that made Oracle great, despite how much Larry tried to destroy them. There are just people who have a super strong work ethic and it has nothing to do with being in a cult or loving your company. They do it for their love of self and respect they have for always trying to do their best. Despite what all you spew on here, that is a very admirable quality and clearly one a lot of you don’t possess an ounce of.
"The problem is upper management. Quality work and products are no longer the goal."
Agree with this. I saw too many MVP products get pushed out the door- that were clearly unusable. I saw middle & upper management completely focus on managing upward, with no real empathy for the customer. That part I don't get. Even if Oracle aspires to be be an AI company in it's next act, instead of a sw and Cloud company- the easiest customer you'll ever get, is the one you already have.
Ge-z talk about entitlement. I got no RSU and I’m just thankful I had a career for 20+ years. Go live your life and be grateful for what you do have instead: your health!
380K of unvested RSU left, that would be vested in the next 4 years. Assume stock price around $150, so you have around 2500 stocks unvested. This implies your stock grant is on average 2500 per year -- Are you a senior Director or VP? I am a Senior Manager and my average annual grant is a pathetic 500 stocks.
@OP You have definitely got more than one THANK YOU over your many years of service. Who do expect a thank you from now? Will mine, a former Oracle employee and a current shareholder do? So, thank you, then! (No irony.)
Our "thank you" was our very generous compensation allowing many of us not to excessively worry about our post-Oracle days. Our "thank you" was the opportunity to work on interesting things (for those who used such opportunities.) Is it too little for you? You want a warm cozy word from a manager at Oracle? A manager at what level?
Be an adult and grateful for the golden opportunity Oracle had given you.
OP, that's some premium quality rage bait
kudos
You seem like an ideal cult member, meekly and quietly taking any discarded scraps. Never daring to speak against your dear leaders. Boot in mouth at any opportunity.
Way to go.
@az the OP worked there 30+ years give them 3 fking days to vent. You’re a pos clay bootlicker aren’t you?
This is kind of people need to let go.
@ag LE and the entire bod, executives all made millions or billions off these employees, stop being such a bootlicker.
Wait a minutes here. If you indeed lose $380k due to layoff, it means that, over the years, you probably vested tens of millions of RSUs. Should you really be THIS upsets
@aa it is hard to feel sorry for someone who left $380K of RSU on the table... how much money did they make over the course of that 30+ year career? Be grateful for the opportunity that you had and most people didn't have and move on with your greedy life.
Wow, a lot of cruel people here.
@OP cry me a river. Onsite hot food, laundry, …. That is not a workplace, it is cult.
Uncle Larry: "No more crying baby dinosaurs"