Thread regarding Oracle Corp. layoffs

The general consensus here is that things are already broken, so anything can happen. That being said, I hope you are right. Unfortunately Wall Street rewards those who make the deepest cuts and get away with it. Once we are two separate ULCs, the chances for workers to get burned just go up.

Only time will tell if appropriate and well deserved severance gets paid in Canada, it all goes up in smoke Viking style, or just gets badly beaten down like a yacht going from Sydney to Hobart.

Oracle's not going to create a "viking ship" to get rid of employees. The reputational damage from that would far exceed the costs of simply paying severance. Oracle is a master at releasing employees in an orderly fashion, and wall street rewards them for doing that. Why fix what isn't broken?

it's not only Canada, same thing happening in EMEA and APAC. not sure about NA and LAD.

the 3 geniuses decided that Oracle can shine again if services are put alone.

still not clear if services sales will be part of the move. if not, the new Global Services will be a cost-center org with internal cross-charge, or possibly the new org will be paid by Oracle for a "service", in both cases making it much easier to layoff people in the new Global Services, and eventually sell all the unit to a 3pp.

this last scenario is not so incredible if Oracle guarantee a contract with a certain amount of money for a certain amount of time. indeed, it's the most logical, easy and quick way to cut between 10% and 30% of the current wf, following MH idea of a skeleton agile (tele)sales-only company.

Sounds like the Canucks are screwed.

Are you forking kidding me?

Q. 2 What will the WEPP provide and how will it work?

The Wage Earner Protection Program (WEPP) will protect up to $3,000 of workers’ unpaid wage and vacation pay due to a bankruptcy or receivership under the Bankruptcy and Insolvency Act.

It is estimated that 97% of all unpaid wage claims would be satisfied in full, within the $3,000 cap.

https://www.ic.gc.ca/eic/site/cilp-pdci.nsf/eng/cl00783.html

That is $3000.00 total, not per month!

Try again, please!

http://www.mondaq.com/canada/x/184264/Employee+Benefits+Compensation/Employees+Claims+In+Canadian+Bankruptcy+And+Receivership+Proceedings

"The Wage Earner Protection Program (WEPP) applies to receiverships as well as bankruptcies of an employer that took place after July 7, 2008. This program has been established under the Wage Earner Protection Program Act (WEPPA) and is administered by Service Canada. The WEPP reimburses eligible employees for unpaid wages, vacation pay, severance pay and termination pay that are owed after an employer becomes bankrupt or is subject to a receivership under the BIA. The employee must file a claim with Service Canada within 56 days of the date of bankruptcy or receivership."

You would suspect wrong, it's not fair but true. Ten cents on the dollar, if we're lucky.

If that phone call comes before a bankruptcy is "engineered", that would be just fine, if the call comes after, then that's a problem, see above.

Hey YZAhBGS-2luz haters gonna hate, but karma's a b--ch. I hope you can turn your life around soon.

If I see you at Tim Horton's I'll buy you a double double, cheer up.

I suspect that in the event of a BK that employees are at the front of the liquidation/payout line, meaning they would get their wages and severance paid first before other creditors would get paid.

If you are an employee of Oracle Canada beware of Oracle USA; your job might just depend on a phone call away...

Outsourced to Canada, that's a good one.

Oracle Corporation was founded June 16, 1977.

Oracle Corporation Canada Inc founded 1984.

Please educate yourself before you speak.

Oracle came to Canada because back then there was a lack of skilled people everywhere and Oracle wanted to sell as much as possible. No sales without a big local presence back then, yes, I would know.

HR is responsible for IMPLEMENTING RIFs and severance payout calculations. Does that clarify it for you?

It's not fraud without proven intent, and if any application is approved by the courts, the chances of being able to do anything about it are slim to none.

One can only hope this gets some attention and Canadian regulators catch on before an application ever gets submitted so they can speak up and let it be known they are watching.

Can this conduct be prosecuted under common law fraud statues? Ask the prosecutors in your jurisdictions, as the intent here is clearly to avoid certain laws and it is clearly part of a predetermined plan, so in other words premeditated fraud.

What comes around goes around; Oracle has been outsourcing lots of jobs to Canada ; now in a downturn, Oracle Canadian jobs are going away.

I don't agree that HR is "responsible" for rif's. They have to follow whatever the policy is for payouts - they don't just make it up - they're told by management what to do. Same for who get's rif'd - they give management the numbers, salaries and job codes but they don't chose who stays or goes. But they are the tools of the 3 stooges and don't mistake them for your advocate, they aren't. They work for management and have little say in what happens. They are very good at their jobs of riffing, it's almost seamless now to layoff 100's of people and fedx them the paperwork.

Same thing is happening in EMEA. They are creating Oracle Global Services COUNTR_NAME and moving some employees into those companies. It was announced today by HR in my country in EMEA. I suspect the purpose is to ease the RIF and things like that, or maybe to go for sale or something.