Thread regarding Oracle Corp. layoffs

Layoffs Spain

When will the Work Councils announce the layoffs to employees?


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| 4131 views | | 15 replies (last October 21) | Reply
Post ID: @OP+1k76p8mgj

15 replies (most recent on top)

Today a M4 said it would not be before February in Spain.

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Post ID: @1y7+1k76p8mgj

@1r3 they will confirm that a layoff is happenning or if you are affected ? If you have more info - would you mind to share when the layoffs in Spain will happen and when the WoC in Spain is planning to share the details with the employees?

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Post ID: @1re+1k76p8mgj

@a1 WC is not allowed to communicate the information actively in this phase but if you message your local representative, they will confirm it

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Post ID: @1r3+1k76p8mgj

Any news on Spain?

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Post ID: @1qc+1k76p8mgj

@y4 Any details on Ireland? Some former colleagues work there.

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Post ID: @zr+1k76p8mgj

@y0 depends, in Spain they have done at least 2 EREs in the last 4 years that I know …that independently of the indiviudal lay offs .

Right now there is a massive layoff going on in Ireland and I think all EMEA countries will have one sooner or later this FY.

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Post ID: @y4+1k76p8mgj

@ec That's not how it works, Oracle rarely goes for official layoffs in Europe, they just offer you payout higher than required by law and let you decide.

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Post ID: @y0+1k76p8mgj

I can confirm that, by default, Works Councils only receive detailed breakdown data once a RIF/ERE is officially communicated.

At the European level, Works Councils may receive an approximate figure of the total number of impacted employees across the continent, without a country-specific breakdown, still with a useless secrecy mandate.

However, I would ask: why do you believe Spain or any other country would be exempt from the average 10% layoff rate observed elsewhere?

There are legal and procedural reasons that may delay communication: for example, if the company has recently carried out dismissals, it might need to wait to avoid triggering higher compensation thresholds. Other factors could involve preparing the extensive documentation required for official approval.

At the end of the day, nothing is guaranteed, except that some level of action will occur sooner or later, with varying degrees of impact across organizations. If we take the observed 10% as a reference, this could still be implemented unevenly within the same company

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Post ID: @ec+1k76p8mgj

@aq I know of M5 and M6 hired in Spain who have direct reports also located in Spain and have been asked for these lists.

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Post ID: @as+1k76p8mgj

After the layoffs in other locations, we were told that's mostly the VP who's making the decisions. However, it's probably something they need to say for legal reasons.

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Post ID: @ar+1k76p8mgj

@an, I’m a Manager in Spain and I have not been asked to provide any kind of list, maybe because my DRs are not in Spain? When you say Managers have been asked what level of Manager do you mean : VP , Director , Sr Manager etc ?

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Post ID: @aq+1k76p8mgj

@a1 I know for a fact that managers in Spain have been asked to provide lists a couple of months ago. They were asked to select 10% of their workforce to be laid off. I am obviously not going to reveal you my source as this information was shared with me due to personal confidence.
So, yes, there are going to be layoffs in Spain, actually should be an ERE if it is 10% of the workforce.
Not trying to fear anyone, just share what I know.
P.S.: There is no need to be rude. If you don't like this forum just go and read Marca.

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Post ID: @an+1k76p8mgj

@a1 You gtfo. Of course there will be layoffs! Source: open your eyes! It's like 2022. This is a forum to talk. If you don't like it what you read, go elsewhere.

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Post ID: @a5+1k76p8mgj

There is literally no indication of anything going on in Spain. Nothing from the works council, no messages from managers, nothing. Just posts with questionable sources, if any, in this echo chamber of a forum. If you're claiming there's going to be layoffs in Spain (or anywhere), cite your sources or gtfo. Stop fearmongering.

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Post ID: @a1+1k76p8mgj

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