Thread regarding Oracle Corp. layoffs

3 stooges..take a note--how to get rid of employees> WSJ: Verizon launches buyouts to trim workforce-"three weeks pay for each year""

https://seekingalpha.com/news/3392742-wsj-verizon-launches-buyouts-trim-workforce

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--Verizon (VZ -0.3%) has launched an early-retirement program as a move to cut back on its workforce, The Wall Street Journal reports.

--The company has offered buyouts to thousands of employees, including all management employees as well as some line staff, according to the report -- though front-line sales employees are excluded.

--The packages include ""three weeks pay for each year"" of service, more "employee friendly" than prior buyouts, Verizon says.

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Post ID: @OP+VkR2FZI

11 replies (most recent on top)

Verizon is a sh--show. If you ever listen to The CEO, LA’s, interviews. You will wonder how such an inept leader came to power. Must be a very chummy relationship with the board of directors. The man shouldn’t be anywhere near a CEO position.

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Post ID: @2jdw+VkR2FZI

24 years for me. I would have signed up in two seconds.

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Post ID: @1ptp+VkR2FZI

Everyone would leave. It would probably bankrupt Oracle. LOL

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Post ID: @1zgh+VkR2FZI

god id love that 11 years and 3 weeks per year. $$$$$

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Post ID: @1vhs+VkR2FZI

It's worth keeping in mind that many Verizon employees are union, and therefore it will take a bigger carrot to get them to leave voluntarily than it would at a non union shop.

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Post ID: @1nbk+VkR2FZI

SC would never allow this because it would put too much of a dent on her books, and like everyone has said, most of the talent would walk. IBM did something similar 15-20 years ago and has never recovered.

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Post ID: @1hpl+VkR2FZI

If you leave who would water the plants?

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Post ID: @1pfb+VkR2FZI

Agree with @VkR2FZI-cnn. Everyone would just quit, given the opportunity. Would be a disaster. Oracle is not going to do this, they want a slow controlled burn of employees.

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Post ID: @1vnv+VkR2FZI

Took yuge dump at burger king, feeling good.

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Post ID: @1lty+VkR2FZI

A layoff like this announced publicly is not something LE’s ego could stomach as it would be a public admission that oracle is failing. Now, we all know that’s the case and analysts are finally realizing it as well, BUT LE will continue to deny it as long as he’s alive. His ego and his borrowings against oracle stock (think margin calls he cannot cover) mandate complete and total denial of any and all problems.

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Post ID: @vuu+VkR2FZI

Lol if Oracle offered this they would lose 90+% of all fully vested individual contributors within a week. There is no career guidance, no money for raises, and management is only interested in protecting themselves, often to the detriment of their directs and the success of their groups and orgs.

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Post ID: @cnn+VkR2FZI

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