Thread regarding Oracle Corp. layoffs

Czech republic RIF started

HR started sending out the RIF meetings in Czech Republic. GL everybody


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Post ID: @OP+1krwxgst0

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@b8 sorry but definitely not 70% of salary. It's capped at about 38k CZK.

Anyway, the question was about severance package, not unemployment benefits paid by government. Previous RIFs had severance calculated based on years of tenure, e.g. N months salary + additional month per year of employment, capped at some level. What's the calculation now?

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Post ID: @ba+1krwxgst0

@az 18 months 70% of the salary by the government until a new job is found based on social protection+ 3 to 6 months by Oralce.

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Post ID: @b8+1krwxgst0

Will layoff meetings be split between Monday and Tuesday like last time?

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Post ID: @b3+1krwxgst0

what is the package :-) can anyone share?

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Post ID: @az+1krwxgst0

@at no info about other deps yet...

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Post ID: @ay+1krwxgst0

@as DB/MW ASEs, TAMs or sales?

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Post ID: @at+1krwxgst0

@aq

At least ACS is hit

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Post ID: @as+1krwxgst0

Are OCI teams affected?

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Post ID: @ar+1krwxgst0

Do we know which departments at NetSuite? QA, Dev, Support, ACS, etc. Trying to understand what teams got impacted, and possibly what to expect.

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Post ID: @aq+1krwxgst0

confirming, Brno Netsuite is hit....

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Post ID: @ap+1krwxgst0

I've got the invite from the manager's manager on the meeting. My line manager will have a call with him 45 mins earlier. Invite was sent on yesterday (Sunday) at 11pm CSET. Will keep you posted.

That's NetSuite team

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Post ID: @ak+1krwxgst0

Which teams are being hit in this round?

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Post ID: @af+1krwxgst0

It should be the same day, because the day it is relayed to the employee, that is the last day they have Slack access.
Immediate managers knew about this since Friday at latest, probably the ones where the RIFs are happening (not every team was targeted like in November).
I was I guess lucky enough to be spared in this round, but know some people already that were let go.
It'd be very interesting to know if the severance package was roughly the same as the last time or whether these were lowered as well, please share if you know details.

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Post ID: @ae+1krwxgst0

So this round this is driven by HR? Last round (October) it was management who was organizing rif com meetings.

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Post ID: @a4+1krwxgst0

Good luck from SK. I don’t know how long their meetings in CZ will take, after that they’re coming to us.

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Post ID: @a2+1krwxgst0

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