Time to RIF another 10,000 employees to recoup shareholder value! Ahh yes, life in the great US of A.
16 replies (most recent on top)
Considering 60K was about 1 year of my last year take-home, forgive me if I don't shed any tears for your reduced bonus amount.
It seems likely you got 1000 shares in that batch, and considering they usually grant them spread across 4 years, you might have got 4000 overall.
And you can always sell and take a loss. It will come off future income, but only 3,000 per year if you don't have other market gains.
it closed at the days low and below 52 week low. Real bad signs.
@bc And I can't even sell mine a the current price, because I don't have enough positive stock gains to off set this huge loss.
Sigh. My RSUs vested in June for what the government sees as $60K of income to tax. Between the forced sale to cover taxes and the decline, this is now down to $15K of value remaining.
Down 75% in 6 weeks is pretty impressive.
For anyone waiting to apply for new jobs because their RSUs vest soon... don't put too many eggs in that basket.
@b5,
The time to sell was months ago. Keep holding at your own risk.
Start sending out your CVs while you’re still at work. You might not even receive severance looking at the way it is going.
131.54
XD
Debt monster on the prowl....
F 'em
@ag,
Same, and never offered any RSUs during my tenure.
ORCL closed today down 57% from the day of my separation. Glorious!
This POS is going down…
It'd be funny if it weren't for the fact that I own some shares and want to sell them at a good price to get some money while unemployed. Oracle's board should fire the whole executive team!
I spoke with my friend who is a financial expert. He told that the stock price will bounce back. But this down fall will impact headcounts for sure in the near future.
It will most likely end up settling somewhere in the $110–120 range.
LMFAO!!
They layed me off so I am not shedding one tear
10 yr basically at 4.6%
5% is the cliff.