Is it true that there will be individual layoffs in June?
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@b4 Officialy? Really? I'm spanish and as you can imagine I'm very interested on this topic
@b4 Yes, just before the RSUs mature....yet the new CFO was brought on at 26M
It's officialy been presented to the Oracle EU labor unions a 20% workforce reduction uniformly across all teams, countries not a factor... plus some teams get cancelled altogether, decision made on strategic level.
When and how it was/will be carried out varies by country depending on its union if any.
This overall 20% reduction will be carried out by the end of September across all LOBs, cancelled teams are mostly already known.
If there was no RIF in your country yet, it will come in September at latest.
As far as I know, there are no news in Spain