I'm guessing focal is happening now. Do you know if there will be any raises, bonuses, or RSU grants this year? If so, what are they looking like?
14 replies (most recent on top)
I got a raise and RSU award.
@g9 it's charitable of you to assume Oracle wants to retain anybody. They want to cut headcount, and people who voluntarily resign don't need layoff settlements.
@dr No, because how does Oracle think it will retain those people who are left in position ?
Relying on the approach "think yourself lucky that you still have a job" will only work for so long.
@cq New joiner event? Never heard of them.
No raises this year, just bonuses. Is anyone else seeing the same thing in your org?
Does anyone else think it's ridiculous people expect any kind of salary uplift, bonus, or stock when the company is laying staff off in droves? Maybe it's fun to live in their fantasy world.
Same
RSU 0
Bonus 0
Pay rise 0
@d6 less bothered about last comment as it is part of life now days . Every three months we have news about job cuts.
@d3 "Just told keep working hard" .... and you are lucky you still have a job.
Rating outstanding
RSU 0
Bonus 0
Pay rise 0.
Just told keep working hard .
I've been with Oracle nearly a decade, and in that time they've never done cost of living raises. Bonuses and RSUs also should never be expected, because even when there's budget there's finite amount to allocate, and your line manager's choices can be overridden at VP level. Unless you're exceeds expectation, you're not getting anything unless your manager really goes to bat for you.
HR's attitude is that if you don't think you're being paid enough, you'll leave the company and then yo-yo back later. When I first joined I was invited to a new joiner event, the HR rep asked how many people were returners, and nearly two thirds of the room raised their hand. So if you didn't know this was the kind of company you were joining then you went into it with your eyes closed.
If you want to get promoted you have to join high visibility projects, consistently exceed expectations across quarters, your line manager has to build a business case, and the VP has to agree that there's budget for a promotion this year. If any one of those things aren't in place, better luck next year.
Why are you posting this on the layoff board?
perf rating 3 and below get nothing. funnily, mgmt mandated noone gets higher than 3 except rare cases.
Some have already reported what they received in another thread.