Thread regarding Oracle Corp. layoffs

Oracle's Employee Welfare

I work for Oracle for more than 10+ years. I have witnessed several scenarios where Oracle failed to improve the standards of its employees.

  1. Oracle's salary is less than Asian service companies like Infosys, etc..
  2. The increments are always in low 2-5% max
  3. Oracle's severance in recent layoffs were so poor and the way it treated its employees during those layoffs raises alarm
  4. Oracle's health benefits to laidoff employees is also bad
  5. A consultant who works for a company can afford to buy a house rather than an Oracle employee
  6. Manager's / Directors push me to share my talent to Indian team ??
  7. Lots of CMTS & Architects are boot and pant li---rs of their managers. They don't have real talents. Just attend the meetings and push the job
  8. Most of the hide and seek games are done through attending the meetings and providing restricted access.
  9. Promotion, Hikes, Appreciations never happens. If so they are rare events.

In short Oracle doesn't have talent to groom the talents.

#Benefits #EmployeeRelations #Layoffs #Salary #Severance
by Anonymous
| 83 views | | 5 replies (last 23 days ago) | Reply
Post ID: @OP+1m5a81pen
Comment! It's anonymous!

5 replies (most recent on top)

@bs 100% what you said.

However...

Anyone who has a 401k, IRA, or similar savings are also shareholders. I was laid off last September and thankfully for me, being a boomer, I'm living off Social Security and my 401k, so I'm in large part living off the stock market.

I like thinking that now the corporations are working for ME.

by Anonymous
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Post ID: @dw+1m5a81pen

This is not an Oracle problem. We, as an economy and society, have been degrading the position of the worker since the 1970s.

The New Deal was exactly that - a deal. You work and contribute, you get a fair share. Capital gets more, but still, the worker is taken care of.

That started to deteriorate in the 1970s. The new mantra became "take care of the shareholder" and all will be good. Well, cutting your healthcare benefits takes care of the shareholder too. So we, as a society, did exactly what the mantra told us to do - we took care of the shareholder.

Then, in the 1990s, globalization took off. Again, we took care of the shareholder, and stock valuations went through the roof. We were making big $$$ on the back of that globalization. The problem is, nothing trickled down to the worker, and here we are.

Pi---d off on the left, pi---d off on the right, and whoever holds stock is saying, "I don't get it. It's never been better."

That, my friend, is something only a revolution or a "new New Deal" can solve. I doubt that, barring another world war, we'll get that new New Deal, so it's obvious to me where we're heading.

Maybe not next year, maybe not in five years, but whatever underlies this problem is still there.

I'd quote Marco Rubio (who I despise btw): "But we have neglected the rights of workers to share in the benefits they create for their employer" - you can look it up.

Now compare that to Elizabeth Warren's (don't like her either) quote: "Workers are a major reason corporate profits are surging"

There is a sea of politicians and economists who point to this being a problem. On the left: Reich, Stiglitz, Temin, Piketty, Polanyi, Korten, Warren, Sanders, Brandeis... On the right you have Cass, Rubio, Lind, Deneen, Buchanan and others.

by Anonymous
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Post ID: @bs+1m5a81pen

@a1 Apple

by Anonymous
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Post ID: @ap+1m5a81pen

At Oracle "employee welfare" is an oxymoron.

by Anonymous
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Post ID: @ab+1m5a81pen

Your post pretty much sums up any large corporate environment. Replace the word Oracle with just about any similar sized corporation name and it would mostly hold true

by Anonymous
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Post ID: @a1+1m5a81pen

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