Thread regarding Oracle Corp. layoffs

O Biz is not looking too bad.

We are expected to post earnings of $1.32 for current quarter, which would be a yoy change of almost 11% +.

For FY we are expected to post $6.19, which would be almost 13% increase yoy. Sales Revenue is also showing a 6-9% increase.

And this is without doing expense reduction, i.e = "layoffs".

So the picture looks pretty good! Let's just hope that LE doesn't get greedy and look for even better returns by cutting heads or that there is no glitches incoming this year.

Not bad....

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| 1291 views | | 5 replies (last September 12)
Post ID: @OP+1uf6RhiV

5 replies (most recent on top)

I just made bank with over $100k in RSU’s. Sure it’s tied up for years but the value went nuts on Monday night. Great reason to stay and settle my mortgage in 4 years time if I sell, prob won’t sell tho

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Post ID: @eyjn+1uf6RhiV

if you've worked here and arent one of the 90/95% people (getting salary bumps and or stock refreshes are done only for the top 10/5%) then you know they are making more by paying less and letting inflation erode the salaries into dust.
employee pay in constant currency is basically minimum wage in tech.

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Post ID: @dpml+1uf6RhiV

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