Thread regarding Oracle Corp. layoffs

EMEA layoff 15-20%

It was approved by EU, yet other locations like UAE, Saudi, Qatar, Swiss, GB without law rights as in EU can be affected more. Most mid Dec.

Today they agreed with EU for that. Can’t tell more as still don’t know details, the plan is signed as I have been told.


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| 2842 views | | 9 replies (last December 11) | Reply
Post ID: @OP+1kc4na9c0

9 replies (most recent on top)

@db correct

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Post ID: @dr+1kc4na9c0

written by someone who do not understand how EU is working . EU is not a country with same laws / regulation. It was announced at European Worker council in September and depending on the country that will take several months to be executed . For some of them if was already announded and for some of them is was already executed .

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Post ID: @db+1kc4na9c0

I believe announced dividend date is also falling around same timeframe. might be before or after dividends.

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Post ID: @cj+1kc4na9c0

@b3 the WoC started the negotiation period on Nov 25th, they have a máximum of 30 days per law to close it , that will be Dec 25th …most part of employees will be on leave so once everybody comes back around Jan 7 th the party will get started …

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Post ID: @cg+1kc4na9c0

source?
we all heard about 10% confirmed by many sources in many locations and nothing else above it

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Post ID: @cf+1kc4na9c0

For EU, notice will be given bit early. Layoff is going to hit at global level again in Jan. better be prepared.

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Post ID: @be+1kc4na9c0

@ar Where did you get the information on early January for Spain?

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Post ID: @b3+1kc4na9c0

@op : layoffs in EU have been ongoing since September now , most part of European countries already hit and people impacted has been communicated - except in Spain which is estimated early January - it has been 10 per cent per country more or less so this news are a bit old …

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Post ID: @ar+1kc4na9c0

Not clear, what was agreed with EU?

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Post ID: @a7+1kc4na9c0

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