https://time.com/article/2026/04/30/oracle-layoffs-ai-tech-jobs/
13 replies (most recent on top)
If they award you RSUs, that separate Fidelity account is created for you.
I still have the extra etrade account, even though there is nothing in it.
No, it won't hurt. That's how RSUs work at 90% of companies.
@d2 It was over 25 years and I did not have a separate Fidelity account for RSUs, if that's how they did it. I did have an ETrade account YEARS ago when they were still using it, but sold the shares I bought when I hit a financial crisis ($46/share if you're interested and yes, it was that long ago). I didn't have that many anyway, but still...
Maybe that "fully vested" was just a generic notation that meant I didn't have any RSUs that hadn't vested. I don't think I had any at all.
Your 401k has nothing to do with RSUs. You actually receive a separate account for RSUs with Fidelity. I had one of those, and then another separate account with eTrade for stock options. I only got a very minor amount of RSUs, and only 2 stock option awards, and I was employed over 2 decades.
In your 401K, the money Oracle deposits vests 25% per year, and after 4 years all money they deposit is yours immediately. Obviously you worked there at least 4 years since you were fully vested.
@c1 I haven't worked in a lot of places in the tech industry, pretty much just Oracle. I checked my 401k and saw a notice saying that I was fully vested. Didn't know what that meant, because I never heard of "RSU" until I was rif'd.
As for raises and bonuses... only one bonus since our then EVP Mister Laine left a few years after I started. He liked giving bonuses.
The thread opening message and the ones similar to it are chrestomathic examples of "crying over spilled milk.” The quoted article is a baby-level "pity me" nonsense.
Move on: if you are no longer an Oracle employee, you are nothing to its shareholders and management. Unless there are clear legal transgressions done by Oracle Inc. to you, you have no ground for "fighting back". If you are here on a visa, that is now your problem, not Oracle's. Oracle owes you nothing: in your time, you accepted your job offer and one can be 100% sure that Oracle didn't violate its terms, there are in no legal weight in your feelings of unfairness.
BTW: I was laid of in August. I am now happily employed in my profession elsewhere but if a good Oracle department offered me a job, I would very seriously consider taking it. I do value the precious time and compensation I spent at and received from Oracle Inc.
@af if you weren't getting RSUs than you really didn't understand compensation in the tech industry. You could have made a lot more money working at another company. I hope you were getting scheduled bonuses and pay raises.
@aj so you will be leading the way in?
Fools rush in where wise men fear to go!
@af it’s definitely a recruitment strength for Oracle historically- before they started laying off their workforce
In over 25 years there, I don't believe I ever got an RSU, so would those even be a consideration?
People need jobs. The job market shifted it is an employers market again.
Sure. The world is full of su-kers just like all of us.