Oracle Layoffs Returning In December? Buzz About Online Email Points To Wider Voluntary Exit Offer, Researcher Says
https://finance.yahoo.com/markets/stocks/articles/oracle-layoffs-returning-december-buzz-050223693.html
16 replies (most recent on top)
Everyone calm the fu-k down. The linked article talks about voluntary separation for people on PIPs. Nobody has any inside scoop on wider layoffs, and we keep seeing guessed dates be proven wrong.
ORCL hit a new 14-month low today. Anyone doubt that another round of layoffs is near?
INCOMING!
So whom do I talk to about volunteering, haven’t heard from new manager since they riffed my old almost a month ago. Is there any idea of a formal announcement for the vsp?
Prepare your butt-cheeks!
@ec my guess is it depends on how many take the voluntary retirement package. The bulk of the $700M restructuring was used in Sept.
How many more to be laid off in December?
INCOMING!!!
@a8 yep, debt is becoming more expensive as the word has gotten out that Oracle is a bad risk. This helps explain why we have shifted to quarterly layoffs now.
Larry is getting squeezed and that could not happen to a nicer guy.
For 50+.
article mentioned 6 weeks paid for voluntary separation? Typically we get 2 months warn in the states so why would anyone want 6 weeks. Fake news
Happy Hanukkah
Oracle still needs more money.
fun, Fun, FUN
I thought it wasn't supposed to su*k again until March!?
Now my stomach hurts again just reading this.
The nightmare returns and just in time for Xmas!