Thread regarding Oracle Corp. layoffs

Have You Had Any Pay Adjustments in 2021 and 2022?

Hello All - I work in the IT department of a Fortune 500 company that is not a competitor. I wanted to see if I could learn what other Fortune 500 companies did in 2021 and 2022 in terms of adjusting pay due to rising inflation. 

My company has done nothing so far, and people are upset. We are being told that we are being paid market wages, that we have low attrition, and that therefore people are not upset and are happy to stay.

I've heard that many Fortune 500 companies had pay adjustments in 2021 and 2022, and I wanted to share that information with our ELT regardless of the BS they are feeding us.

Anyhow, please share if your org had any pay adjustments during 2021 and 2022 - I and I am sure orther layoffs.com visitors would appreciate that. 
Thanks...

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Post ID: @OP+1jONV4Xb

10 replies (most recent on top)

Getting a raise at O is the exception, not the rule. I’ve never worked for such a cheapo company that was actually making money.

All that time o had two CEOs! FFS!

Left for a company a fraction of the size and have received three raises and bonuses. How O does comp isn’t normal. It’s insulting.

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Post ID: @4zas+1jONV4Xb

RSU’s Mean nothing if they let you go before they kick in.

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Post ID: @1nsp+1jONV4Xb

Recent hire here. Slight pay increase 21-22 and RSU’s

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Post ID: @1xuy+1jONV4Xb

It is rare for Oracle to give any increases. A few years ago the best they did was give you part of what you would have gotten in a bonus and then reduced your bonus opportunity by that much. Then bonus payouts were miniscule.

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Post ID: @syt+1jONV4Xb

Yes. I work for Oracle JAPAC and got a salary increase at the beginning of the FY. I also got RSUs

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Post ID: @jix+1jONV4Xb

I guarantee that this guy’s either a hack with a pipeline to Safra, or some HR bozo chartered with collecting information from Oracle employees. Don’t fall for it, unless you just don’t care.

Think about it - someone coming on a LAYOFF site asking for these details?

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Post ID: @htq+1jONV4Xb

I work for Oracle and have received a raise the previous 2 years. It's a nice change from the years prior.

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Post ID: @cbn+1jONV4Xb

No raises at Oracle since 2018band 2 in last 10 years.

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Post ID: @dwj+1jONV4Xb

If you consider a layoff as an adjustment, then yes!

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Post ID: @qir+1jONV4Xb

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