Thread regarding Oracle Corp. layoffs

A machine learning expert was hired 6 months ago and the executive management realized that they don't need any Machine Learning skills and took away his job early this week.

"What is the severance package offered to employess from India"

Probably because it is required by law in India.

What is the severance package offered to employess from India

"It's not about making money, it's about looking good to Wall Street"

Indeed. Wall St. doesn't care about cash cows (especially if said cow is in a slow decline), all they care about it growth

I was part of the last Lay off on 31st Jan 2018 In india, All HR say ready made answers.

They position is no longer required. When is lot of openings with taleo, they your position is no longer required, finaly i quit after 4years of service, in my opinion its better quit and join different ORG.

YOU are part of the team and the team lost.

Oracle efectively closes down very some profitable teams these days. It's not about making money, it's about looking good to Wall Street. Oracle will lay off all but a handful of engineers in a development or support team, because they know that killing the product's roadmap and angering pre-existing customers will not immediately hurt revenue that much. So what if it means revenue will plummet in a year or two when we no longer have any products to keep up with the competition? None of our executive leadership team cares about what happens to Oracle in a few years, they will all be gone. Oracle only cares about the next 2 quarters. Everything after that means nothing to them. Since almost all of R&D is about investing in future products and services that will take years to see the light of day, Oracle has no interest in doing it anymore. That is why we invest so little compared to our competiion. (Our published R&D numbers are total BS, they include the operations cost of running our cloud, AKA PDIT. The actual level of investment in real R&D is abysmal.)

Just like your exec, you have responsibility in losing.

I don't see execs taking responsibility too often around here...

Dear Mr.Shill - my team and my manager didn’t lose we are selling and making our numbers. So f--- offf. You don’t know everything. Oracle has a structure to punish not reward performers today. This leadsersjip is corrupt too to bottom. From the shaft NetSuite deal w the fake moving of LE AT CEO TO CTO for Wall Street appearances and “acquisition compliance” to the MH cost cutting rampage and cloud credit sales deals that are a SCAM of EPIC proportions to the screwing over of high performer sales persons and their compensation to the fake cloud dev operation and college kid sales flock of seagulls who sh-- on every client they touch. It just goes on and on and on.

So while you are out assigning responsibility, just know that SOME OF US stood up, spoke out, produced sales, talked clients back from the ledge and played TEAM BAll, only to be kicked in the guts by unscrupulous leaders who are detached from all ethics and whose religion is money.

Salutations mother trucker.

Dear Lowly employee.>

-YOU are part of the team and the team lost. Just like your exec, you have responsibility in losing.

Now, instead of feeding you till you retire and take a stroll in the garden, business has decided to move on.

You can't sue your team or captain because your team lost. While blame can belong more to a certain section of your team or exec, that's not a legally suable matter. Do you plan to go yo judge and say "MH made bad decision, and that is why we lost business. Please punish him and get my job back" . Delusional !

Really ! Some outsiders are trying to put gas to fire. But in the end, you spend about a 60-80k on the trial, only to be told that your job elimination had nothing to do with your performance.

Oracle severance is on the more generous side. Get your head out of your a--, smell the roses (not your stinky pinky), and move on. Don't hurt your own family by spending 50k to find out why you were let go, and that good-4-nothing dude down the corridor is still around.

Ever heard about a concept called "capitalism" ? I doubt it, as you seem to be illiterate. But , plainly, you close down a loss making unit. There is no bias , And therefore no legal protection.

Mr. Legal Dept Shill -

Thank you for your post. We know its the employee's fault for everything. Its been made clear that Oracle and its leadership is responsible for nothing.

Best wishes,

Lowly employee.

Anyone advising here as to going to court is just self-filled egoistic a--hole. Really. These lawyers charge $350/hr and what will they sue Oracle for , er, firing you with a severance ? Firing does not have to be performance related.

You have to prove beyond reasonable doubt that you were fired for discrimination . What's your basis - age, race, s-x ? And even if it is, the fired folks have even distributions in these parameters, and you would have to prove with documentary evidence that Oracle fired you because of bias, and not business. And we all know, that's not the case.

One of my directs tried doing this (demanded better severance from HR, based on some leverage he thought would qualify him for some more negotiations). HR called me, asked for documented facts, and did not even bother to get back to this guy. "Go f--- yourself, you can't do anything "..and , I was trying to get this guy a job in another org, but due to his acrobatics , he found no more favors coming his way.

You can't strong arm a big company, unless you have documented proof of discrimination. And, if that was the case, why didn't you report to HR before ?

I am just trying to save you some $$$. I know you were top rated , but the business has changed. Accept it, and instead of wasting time and money suing, get a certification and move on.

@1rfw,

So what was the outcome? Did you get a better severance package or are you going to court?

My personal experience or suggestion.

Even I was into a similar situation and this had happened with me few months back.

And I was in in this situation because I had a big conflict with my senior manager. And senior HR director got involved and tried to settle the matters. And to my surprise, after few months HR called me for a meeting.

And HR told me that your position in close and you need to send an official resignation letter.

So obviously maintaining my calmness on my face and voice, I asked politely sir may I know why is the position being close in the first place? I wanted to know the reason because I have been working consistently for 12 plus years and in my 12 of years of service I have also received best performer awards many times.

To this HR told me that position is actually eliminated from higher-ups only for nonavailability of projects. I just interrupted here and said actually I see that plan is not to eliminate the position but to eliminate the person here.

I could see now HR was bit furious and tried all his orators’ skill at his best to force me or convenience me to put down the paper.

But I was adamant to my ground like a military soldier. And for every question or suggestion of HR, I had only one answer “you have all the power and authority in your hands and you can do whatever you feel correct as per company policy. AND I WILL DO THE THINGS WHICH ARE UNDER MY CONTROL and the things which are out of mine control, I will not worry much about it.”

Here I did not say a word about legal things or option I was thinking about at the back of my mind. But I’m sure the HR must have got some clue or idea to what extreme I could go to save myself and to save my family from getting into trouble. Because in 12 years of my experience I have learned that corporate world is like a jungle and only strong people/animal can survive. No emotional feelings or human kindness will work only Business profit making logics will work in the corporate world.

And I wanted to make some important point for all the working individual out there.

Don’t be nervous or get into the panic in a difficult situation. Instead handle it calmly and think of all the options legally or illegally yes you heard it correct illegally also, but only if your’s legal option doesn’t work out as per the plan. As its matter of survival of you and your family. And in future HR or management must think 10 times before firing anyone just to save some cost.

And finally, give some thought on and search in google. Sure you will get some moral ideas by knowing the facts.

Why in world still poverty is there?

Why only the Top 1 Percent Owns Over Half Of The World's Wealth?

Why CEO Pay Has Grown 300 Times Faster than Typical Worker Pay Since 1978?

Why the rich get richer and the poor get poorer?

Why don’t greedy companies pay their employees higher salaries?

How can an individual change all this? Or How can we Change the world?

Indian law does not support ' at will ' employment . It is more labour centric . My suggestion to everyone is always have a backup of your appreciation mails , appraisal rating info , promotion mails. Using these you can always approach labour commissioner or civil court for justice. Never agree to resign on your own , ask them to terminate if they have a reason . Immediately after termination engage a lawyer and send legal notices to manager , hr manager , director , the person who signed your offer letter etc . Bring them all into legal framework . They are at fault for unlawful and wrongful termination . Please fight for justice .

Agree. Signing something unexpectedly is almost always a bad thing and never in your interest.

It's cold that they ask you to resign rather than notifying you in writing that you've been terminated. I don't know what Indian workplace law is like, but I'm reasonably confident that by people resigning rather than agreeing to the termination would absolve Oracle of giving you any termination / redundancy payment.

I would ask for the papers and say you want a day to read them and receive advice on them. They can't do anything to you for not signing, although they could offer you more money for signing sooner rather than later, but having you resign means they don't need to do anything for you. I would like to know how they would even account or justify a termination payment in their books if you have resigned. It sounds fishy.

For those escaping, good luck - there are better places to work for. Oracle is going down the crapper.

btw. If they really force you to sign something, write "Under duress" with your signature.

Someone said: "Anyone getting called into one of these: don’t say or sign anything. Just leave and contact a lawyer immediately. Two can play this game."

You are an AT WILL employee. Oracle can terminate your employment at any time with or without a reason. You can also quit at any time and don't need to provide notice. What is a lawyer supposed to do?

Yes never sign any paper in the spot.

peo

Which exact orgs it is

how much is the severance now?

I am so sorry. Good luck 😉 in your new nExt career choice.

Anyone getting called into one of these: don’t say or sign anything. Just leave and contact a lawyer immediately. Two can play this game.

Sad :(