Food prices have risen by 11% over the past year. Gas prices have gone up from $2 to $5+. Medical bills are rising between 3-10%. Mortgage rate has gone up from <2 to 4+.
The salary raised even if it meets 10%, its going to be useless. Oracle has shown raises as nuggets in form of 2-5% max. RSU's and stock options are of no value with share market going down in 2022.
What is the plan Oracle has for retention? only H1B slavery?
4 replies (most recent on top)
Yes they want people to leave. That’s the Oracle way.
With reorg & consolidating management reducing higher salaries, VP’s & managers will increase profits & many happy & under 60 will be OK?
They want some to leave. They want the best that they can afford! If you will work cheaper, if you don’t have a Green card and you can be held captive, or you are over 60 they will keep you. You can survive. However, if you are somewhere in the middle, you are a commodity, easily replaced.
Read this: there will be tiny raises, and only for the privileged few. They want you to leave.