Thread regarding Oracle Corp. layoffs

@b3 yes, that's how the math worked out.

@cm carrying debt and having cash are 2 different things. Do you have a mortgage, car loan, and possibly student loans while you still have a checking account with cash in it? Go read the financial reports.

@b0 BS Oracle is carrying about the biggest relative debt of any tech company, well over $100bn

@b3 it is a bit unusual that your numbers are all sequential...123 in in severance and 234 in in options...was you total comp 456 for the year? Are you going to make 567 at your new job?

It is highly doubtful that you got a 40% increase going to a new company. Businesses know that the job market is slow. They don't have to offer as much and aren't. Nice story but I call BS.

I walked out with $123k in severance and final option cash out of $234k last year. Took some time off, enjoyed life, and went back to work late January - making close to 40% more total comp than I was getting at Oracle. Getting laid off was the best thing that happened. If you've been a good employee to Oracle and they decide to lay you off - it's their loss and the world will end up making it right for you.

@ac severance depends on your years of service and your salary of course.

The financial reports are just that, reports on income and spending for the past quarter. It is not a contract for the future. As of the end of last quarter Oracle had over $39 billion in cash and short term investments. They can use as much of this as they want on "restructuring costs" as long as it gets reported in the next quarterly report. Oracle has enough resources to offload as many employees as they need/want.

@ae Feel sad for you. You wasted your life at Oracle to get less that $150k a year.

California at its max. Get ready

Is it 15% in Mexico ? US could go to 25% next week.

My severance was well north of 50K. (I got the max. 26 weeks.)

$ 50k per person on severance?

Where is this math coming from?

give me the next batch of RSU and I will be happily ride into the sunset

@a5 oracle doesn't have lawyers fees like that for simple tasks like layoffs. They are rich enough to just hire them on retainer and pay them a salary like the rest of us.

but yeah, the $50k average is heavily skewed by a few expensive individuals for sure. Most of us commoners will be luckily to get $15k.

@a2 the 50k per person estimate includes "bureaucracy and lawyers" fees, and the figure is based on the amount spent so far in FY26 relative to how much they had laid off.

Golden chutes of those relatively few top execs aren't cheap. They will take majority of that big pie as always.

@a1 You're assuming that that money is 100% on layoffs, and that burocracy and lawyers in the various countries are free

yeah, 1.2B will be spend on severance by end of May. Let's assume Oracle is generous and pays out on average 50k per person, that's still 24k people being let go.