Oracle - Grieving millionaires feeling betrayed? - post regarding Oracle Corp. layoffs

Oracle - Grieving millionaires feeling betrayed?

Stop crying about being laid off. You have spent 20, 30, 25 years and feel betrayed. Enjoy the millions in the 401K and move on. Pathetic.

I spent 15 years at Oracle and was laid off a few years ago. I worked with many of the people who were recently let go. You are talented, highly intelligent, and among the company's top performers.

The reality is that tech companies eventually reach a point where they can no longer justify paying top dollar, top bonuses, and large RSU packages to the same employees year after year, regardless of performance. Many of you have earned substantial compensation and built successful careers.

Being laid off is never easy, but at some point it's important to move forward rather than seek sympathy. Take pride in what you've accomplished, leverage your experience, and focus on the next opportunities.

#Layoff #RSU #401K #Compensation

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14 replies (most recent on top)

@dz You should stop worrying about Larry's package and instead, you should focus on Mark's package. I am sure with your "capabilities" you will have no problem landing a job at Meta.

I'm gonna go out on a limb and guess that those who are ready to retire and have a million plus in the bank are fine with being riffed and the severance is the cherry on top.

Those who are say 10 years away from retirement, with kids in college, a house that isn't paid for, etc. might be less than thrilled about being dejobbed.

@dy This explains why I see TONS of long-serving veterans. It makes me wonder how current/updated they are OR if they have the need to experiment being OUTSIDE of the box/bubble

@bp
Do you know what meta offers, 18 month of insurance
16 weeks plus 2 weeks per year served

Oracle
1 month insurance
1 week per year served , capped at 26 weeks

Oracle hr and management, should be ashamed to even see news

Not sure if you were even around at Oracle 15 years ago. If you weren't, you should probably refrain from commenting altogether.
A lot of people came over from Microsoft and Amazon with a 30% to 40% salary bump. Those are the folks complaining right now about RSUs and losing high salaries. They are looking at Oracle through a very specific, privileged lens and don't know what they’re talking about regarding the rest of the company.
The reality for the vast majority of Oracle employees 15–20 years ago was a five-digit or low six-digit salary. RSUs were strictly reserved for Database and later OCI—the rest of Oracle was completely neglected. If you were in those two elite groups, sure, you had a hefty salary. But Oracle has thousands of workers in other product lines that failed miserably.
Thomas Kurian, wookey, Edward Screven, and the leadership eras of 11i, R12, Fusion (or 'Confusion'), and applications—these were massive structural failures. There was no real customer conversion, upgrades, or organic uptake.
Oracle sat back and let Salesforce take CRM, let Workday take HCM, completely missed the social network wave, and initially mocked the cloud before trying to catch up way too late. They failed to modernize the internal workforce with open-source technologies, and they haven't created a single organically successful product in the last 20 years.
Now that Steve Miranda is out and leaders like Karthik are calling the shots, deeper structural failures are inevitable unless they aggressively cut costs. That is exactly what this layoff is: cost-cutting.
If you spent years trapped in these stagnant legacy projects, you were intentionally kept outdated by the company, and management now views you as a financial burden. That is the real reason they laid off long-serving veterans.

Most employees in C1 C2 don't get RSUs, they earn low salary too

@OP

Laid off a few years ago, and still trying to lick boots? I've seen dimwits come and go, but this is a whole new level.

What are you talking about??? Is Oracle bankrupt ???? Larry being the fifth richest person on earth, best result in history of this company and people get laid off???? Severance packages under usual norm, people at their 60 jobless and gave their whole life to the company,…. Employees with cancer getting sacked, 7 minutes worthless management and HR speech if your lucky over Zoom…. There might be a movie filmed about this ruthless company. A disgrace, customer are jumping off, one can not watch F1 or Americas Cup till the O logo is a reminder of total failure towards mankind. Hope that AI takes care of what human race is not capable….

For an employee who worked for 15 to 20 years with RSU and high salary, it's true.

On the other hand, There are employees who get just the minimum salary in Tech without RSUs for years.

his is 100% some mo--n posting who thinks he’s right. I assume he’s a laid-off former VP from a few years ago, not a techie. Oracle hasn't paid great salaries to tech workers for the last 15 years—they’ve always paid on the lower side.

He clearly doesn't know about Oracle’s RSUs back then; the stock was stagnant at around $30 to $40 from 2005 to 2019. And the 401(k)? Yeah, maybe if you maxed out the $6,000 company match you’d somehow get millions. Okay, now I believe he's a true Oracle employee. LoL

Sounds like an Oracle BS bot post.

Heartless, May have been an executive!

@OP "Millions"? In a 401k? From Oracle? None of us were executives, you know, and I don't think you even worked there so cut the crud.

What planet are you even on?

Heartless.

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Oracle - Grieving millionaires feeling betrayed?

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