Thread regarding Oracle Corp. layoffs

Oracle - where the CEO's make enough $$ and the rest of the people can't even get paid on time.

It's fair to say that every company out there that cares and is invested in their workforce knows that you don't mess with peoples money. And Oracle....well we know they don't care. For all of the people that survived the YE slaughtering...we won't even be getting our pay on time.

This lovely gem came out just yesterday.... I mean Leadership clearly knew along with finance we would not receive payments on time. This organization is run by a bunch of yahoos!

Straight from the leader that's making life miserable:

For those of you on a FY17 Pool Plan, I want to let you know that the payments are delayed until the second payout cycle (August 15th). This is due to the final year end reconciliation which has taken longer than the Q1-Q3 cycles. Although we always attempt to make the first pay cycle, it is a very tight deadline and final year end reconciliation has taken longer. This is not unique to our organization.

I wanted to make sure that you were all aware.

Steve

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Post ID: @OP+Of9WUNe

4 replies (most recent on top)

'This is SC being a penny pincher yet again, doing what she can to show LE how she adds value. Yes interest rates may be low but a few million dollars earning interest for another month or two is more than zero and adds to SC's bonus. She's yet again screwing oracle employees to enrich oracle and herself! Never lose sight of how greedy these people are!!!

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Post ID: @1iad+Of9WUNe

how does Oracle pride itself on being soooooo amazing, having the best in class software and yet cannot complete year end financial procedures ON TIME to pay their own people? WHAT A COMPLETE JOKE!

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Post ID: @1jzp+Of9WUNe

And so much money was invested in Fusion that it affected the stock price and bonuses - NOT for the managers and directors etc etc

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Post ID: @usi+Of9WUNe

A software company using its own software not able to do basic financial reconciliation on time. Wow! Maybe need to expand cloud capacity!

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Post ID: @inx+Of9WUNe

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