Thread regarding Oracle Corp. layoffs

Severance Pay (January 2017)

Any deviations from what was paid out during the last round of cuts in November? The same? Changes? Thanks...

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No changes to severance

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What pictures do you have in your drawer or on your phone? Now would be the time to make use of them. LOL!

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Has anyone been able to negotiate a Better Severance Package with Oracle ?

What leverage do you think you would use in that negotiation?

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Can confirm that O has told its consulting partners that it will step back and let them do more of the work. If you're in consulting get the hell out!

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Discrimination at oracle? I'm shocked, shocked!

Notice the sarcasm

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Has anyone been able to negotiate a Better Severance Package with Oracle ?

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Oracle is CHEAP!!!!!!!!

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Curious: What is the rationale they give for limiting it to a max of 26 weeks? This seems to be pretty clear discrimination against the longest serving employees and the oldest.

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Yes, I heard the same,, specially for consulting.. The rumor is that O is looking to let go its consulting practice and will work directly with Big4 for cloud consulting...

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the big O has major layoffs planned i was fortunate enough to land a new gig, however for the people I managed i feel bad for them. O will be ridding themselves of consulting and project specialists come EOFY as described to me "do not concern yourself or your PS's with anything other than billing for the next 6 months" with directives like this and numerous conference calls i knew it was time to get out.

i handed in my notice and did not receive so much as a phone call from VPs not even an exit interview. thankfully i did get my final pay

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I was told 4 weeks for the first year, plus an additional week for every additional year of employment, up to a maximum of 26 weeks. The first 9 weeks of the severance you are kept on as a regular employee, still accruing vacation time, full benefits, etc. After the first 9 weeks, you then get a lump-sum payment for the rest. Dunno if COBRA payments are included in that.

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It's my understanding it's a standard package, no changes or special circumstance arraignments have been offered.

They also seem to have a clause that the separation day is 8 weeks from today, therefore if you leave at any point prior to the separation day, your forfeit your right to collect the severance.

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