Thread regarding Oracle Corp. layoffs

The Math of Shares or Stock Benefits

Every year Oracle used to pay its employees through Stocks and Less raise (2-5% in salary)
Usually this amounts from 100-300 for people joined and 30-100 for refreshments.
Lets go through the math:
Oracle uses "SELL-TO-COVER" concept in stock where 35-40% of stock is taken to cover the taxes. So if I get 100 stocks, you finally have 60 stocks in your bucket.
So if you get refreshment of 30 stocks, the actual count you are getting is 18.

Total Stock Granted -> In Hand -> Total Cost Basis
325 -> 195 -> $29,500.00 / year
300 -> 180 -> $27,000.00
250 -> 150 -> $22,500.00
200 -> 120 -> $18,000.00
150 -> 90 -> $13,500.00
100 -> 60 -> $9,000.00
50 -> 30 -> $4,500.00
30 -> 18 -> $2,700.00 / year

There will be additional tax on top of the Total cost basis like Capital Gain and Gain taxes if you withdraw in an year.

This stock is just a cover up for the low salary Oracle is paying to its employees.
Oracle also forfeits this stocks when it does a massive layoff which means it is paying in pennies compared to other high tech companies.


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| 11 views | | 5 replies (last May 1) | Reply
Post ID: @OP+1kqe7jy3e

5 replies (most recent on top)

Your math is off, I (and many others) were averaging $150k-200k in RSU grants every year for many years.

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Post ID: @e4+1kqe7jy3e

"I'm interviewing now"

Good luck!

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Post ID: @dy+1kqe7jy3e

I was caught up in the layoffs (15+ years at Oracle), and I'm interviewing now at a smaller company for pretty much the same role, and if I make it through the process, I'm looking at about a 20% higher salary at the new place.

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Post ID: @dv+1kqe7jy3e

Only had 1 payrise in 15 years. Got a job within 2 weeks with a 25% salary uplift.
So yes the long serving employees are grossly underpaid.

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Post ID: @be+1kqe7jy3e

And the funny thing is that many of the long tiners being laid off were grossly underpaid, so replace them (or even re-hire them) would cost even more.

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Post ID: @a7+1kqe7jy3e

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