Thread regarding Oracle Corp. layoffs

Compensation doesn't reflect corporate performance statements

What I'm seeing myself and hearing from others is that their overall compensation declined again this fiscal year (it was down last year too). Various forms of compensation continue to be trimmed back. Variable compensation is significantly down (even worse than last year) and is significantly lower than the level of attainment the organization says it achieved. Going forward, additional (very subjective) elements are being factored in to variable compensation that make it look as if things will only get worse.

In contrast, Oracle just posted a growth quarter/year overall with emphasis on how Cloud is taking off. LE's wealth grew by $5B in the two days after the earnings call. MH and SC each cashed out stock options to the tune of $17M+ each. Performance by group/region varied and not everyone hit target, but there was real improvement over the past year. It seems that only the top levels of the organization are reaping any benefits while the rest of the organization is being squeezed. I expect that the all-hands executive meeting this week is likely going to be aimed at trying to convince the organization that things will get better, that Oracle is great and that continued devotion to the triumvirate of LE/MH/SC is a good thing.

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Post ID: @OP+OdJiM0S

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Whenever the length of comp plans increase significantly in length and you need a PHD in maths to calculate the formula...... you know you are going to get screwed

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Post ID: @1mtf+OdJiM0S

MH and SC working very hard to reduce cost/ comp to enrich themselves and LE. Think of MH's and SC's bonuses as a "commission" on reduction in everybody else's pay!

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Post ID: @rwi+OdJiM0S

Sales force has been offered big incentives to book "cloud" deals and counting some of its on premise hardware leases as infrastructure-as-a-service sales

Top executives are making materially false and misleading statements regarding the company’s business and compliance policies that been end up in SEC filings and on earnings calls, used to paint growth and "cloud" revenues etc,

SEC start investigating !!!

Oracle compliance & ethics is covering up on reports from internal employees in several different countries (mainly in EMEA) on such false reporting breach

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Post ID: @tyc+OdJiM0S

This is how MH screws the workforce so he can increase margins and pad his paycheck. Comp plans become so complicated and you have to sell the perfect mix of items or you see a lot less pay.

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Post ID: @dyo+OdJiM0S

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