It could be ≤5,000 layoffs. What do you think?
21 replies (most recent on top)
@gg not if they are found coffee badging, engaging in time theft, lying, or not meeting expectations. These are all for-cause and not entitled to any compensation. This has hit the news recently twice as people get caught not working or are not doing their job. Performance Improvement Plans are common as employers get fed up with layers of inept middle managers and redundancy.
@bq depends on country. In Canada 55yr old will likely get 12 months OTE including RSUs. US severance is a joke.
@g3 you sound like a typical mgmt fool
Should be 40k or more. Half of you whinnying know you should be let go. If you don’t like it get and save the company more money if you resign. Would not make a bit of difference if you left.
It will be enough so that evetyone is competing with Arista. Meaning:
- everyone is technical.
- the minimum left. But very skilled
- prob <40. No idea why
@dk why are you still there or do you just lurk on here?
@bq Those are numbers for 2026. O is now in fiscal 2027. They will eventually update their filings with the SEC but are not actually required to highlight restructuring costs per se
The 10k number says $300m which is about 4000 people...
@bq there is nothing that prevents Oracle from adding additional funds to layoff budgets. If the have the money they can spend it however they want as long as it gets reported in the financial statements. Your estimates on severance is way high. The trend is to reduce payouts and Oracle gives very little in medical coverage. Last layoff it was 1 month of cobra.
This layoff is going to be combination of stock price (55% down from peak) + performance + interest for debt . So expected is around 7500-10K for sure. (Q1+Q2)
Oracle is going to chop more in upcoming days reducing emp count around 100K cutting divisions & products so be prepared for your exit. March is going to be the biggest.
@OP +++ if your're being laid off then the severance is pretty standard. 1 week for every year of service. I would not consider any medical benefits, partial bonus, or payment of any unvested RSUs. The max payout is 26 weeks. Can easily find this information if you search.
Face a few facts:
Oracle doesn't give a sh-t about it's employeees - this has been proven and demonstrated
Oracle is simply trying to help fund the debt and interest - forget the expansion; Oracle win not will the data center build race - it will benefit but not lead. If conversion and development stall they will go backrupt and restructure - then hire a bunch of people that actually know what they are doing
The company actually overpays a lot of levels - M5 and up. In many cases they pay above market: albeit you wont see araise after you're hire date... but typically these levels are wll compensated. Thats' why they dont leave. Those M5+ that are not able to get a new role outside Oracle is becasue their skills are Oracle specific, mostly incompetent, and are not qualified at other companies. These people know that - therefore they stuck and play political musical chairs for perceived power. Sad.
Just fi'ng leave - it's a terrible company
OP, you must be new here.
@bq Unless you've been decades at O, your severance package won't be anywhere that big. Most people will likely get 10-20K.
All of them.
@bq this does not rule out them just letting people go after that budget dries up
Remaining Financial Budget: Oracle capped its total restructuring budget at $2.1 billion. Having already spent $1.8 billion through May 2026, only ~$300 million remains. Given standard IT severance packages ($60k–$100k per employee), this budget mathematically limits total separations to 3,000–5,000 positions.
20k headcount reduction through FY27, meaning 30k layoffs and 10k hires.
Layoff managers. Or demote them. Sick of my recently promoted lead senior engineer to manager thinking she knows engineering. He code always comes up in RCAs
None of you will be impacted on this layoff.
21,000
Or > 10k. Or > 15k. Take the guess that works for you. But then the reality will come down hard.