Thread regarding Oracle Corp. layoffs

September totals

Sep08 7am UTC - Sep09 6am UTC totals: 87 layoffs, 193 additions.
September totals (except Sep01): 4270 layoffs, and 246 additions.
Methodology and day-by-day breakdown is in comments.
There are rumors about Australia and NZ for tomorrow.


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| 1862 views | | 5 replies (last September 10) | Reply
Post ID: @OP+1k4pdr77z

5 replies (most recent on top)

@dy I can't say too much. We've all signed agreements to get our 'go away' money. I can say that they're all long serving employees that I know of. Senior people. Probably well paid people after all these years of service. Exit dollars are capped at 6 months salary and they've been that way for decades in Australia. Everybody I know of was a very high performer. Make of that what you will.
Obviously, unvested RSUs will be clawed back, but that's well known and in the agreement.

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Post ID: @g1+1k4pdr77z

@a4 sorry to hear :(

can you share what org/product/role in Australia?

Are these redundancies or PIP/performance management or other?

How are they handling notice periods/gardening leave/upcoming RSU vesting/private health etc?

It feels selfish ask so bluntly when you're living it already, sorry :( all the information about severance etc. being shared is for US, so I'm hoping someone to share.

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Post ID: @dy+1k4pdr77z

sep09, 1pm UTC: 168705 (+33 new people were onboarded?)
all additions in large batches I manage to catch happen before 1pm UTC - is it India hiring replacing laid off during September?

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Post ID: @by+1k4pdr77z

Australian layoffs are already happening. I know of a few people, including myself, who've been let go in the last week or so.

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Post ID: @a4+1k4pdr77z

Methodology:
Tracking participants count #general Slack channel in Oracle One workspace

  • sep02, 6am UTC: 172796 (0)
  • sep03, 7am UTC: 169366 (-3430)
  • sep04, 6am UTC: 168958 (-408)
  • sep05, 6am UTC: 168771 (-187)
  • sep05, 1pm UTC: 168824 (+53 new people were onboarded?)
  • sep06, 7am UTC: 168579 (-245 in comparison to previous 168824)
  • sep08, 7am UTC: 168566 (-13)
  • sep08, 2pm UTC: 168759 (+193 new people were onboarded?)
  • sep09, 6am UTC: 168672 (-87 in comparison to previous 168759)
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Post ID: @a1+1k4pdr77z

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