COMING LAYOFFS IN ORACLE SPAIN OCT 2019

Back again with Layoffs in Oracle Spain and with lower compensation packages than ever before.
Company presented last Sept 11th substantial benefits for the Q1FY20 and they are in the process to relocate to a new office on central Madrid (an emblematic building in the core Business area) at a renting price that very few companies can afford.

Nevertheless, here we come again with new LAYOFFS that will impact Oracle employees who will have to leave the company with a relevant reduction on their economic compensation vs previous recent reductions.

And if Oracle is reporting BENEFITS + spending dollars on new offices + hiring new people .....why those "employees reductions" at a lower cost ....... ?????

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At the moment this is happening there are plenty of opennings in the Malaga hub. However the affected people will be noticed 3 days prior to the termination of their contracts. No chance for them for relocation. The packages for them are insulting. Shame on Oracle. Again.

Will they be laying off the same VP's who have been failing at their job for >20 years, who keep on changing their strategies once every year, hire then fire, hire sales people for the show and let 80% of them struggle on their basic salary for years, with no viable options or territories and 1990's micro management style?

Oracle continue hiring and at the same time doing lay offs twice a year, avoiding ERE’s.

Employee commitment, they call

Round and round and round she goes.... and where she stops nobody knows.....

Continuous rolling layoffs.... forever and ever and ever.

No official news at this point but we heard specific groups carrying on some reduction plannings as well...

Do you have any knowledge if this will affect other places in the world Oracle as offices?

Thread regarding Oracle Corp. layoffs

COMING LAYOFFS IN ORACLE SPAIN OCT 2019

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