People Matters

Oracle cut 20,000 jobs, now employees are fighting over lost stock worth nearly $1 million

Former Oracle employees are raising concerns over severance terms, forfeited stock grants and WARN Act protections after the ...

Oracle Appoints Hilary Maxson As CFO With $29.7 Million Package After Firing 30,000 Employees

Hilary Maxson will receive a base salary of $950,000 (Rs. 8.8 crore) with the deal further sweetened by a $26 million (Rs 241.7 crore) equity grant.

Oracle gave its new CFO $26M in stock after firing up to 30,000 workers. Employee says an 'algorithm' may have targeted those with stock options first

Days after Oracle fired up to 30,000 employees via a 6 a.m. email — as Moneywise previously reported — the company announced ...
NewsBytes

Oracle just rebuffed negotiation of severance terms by ex-employees

The exclusion of unvested stock from the severance package has been a major point of contention among laid-off Oracle ...

Laid-off Oracle employees tried to negotiate severance after mass job cuts, company declined

The developments have highlighted concerns about worker protections in the tech industry.

Oracle layoffs: In a first, the 6 AM email that laid off 10,000+ employees did not come from HR

Oracle began its largest-ever round of layoffs on Tuesday, cutting thousands of employees worldwide with no advance notice. The termination emails—sig.
Indiatimes

Oracle layoffs: Company sets severance condition for laid-off employees: Sign papers first, or…

Oracle has begun its largest-ever round of layoffs, with estimates suggesting up to 30,000 jobs could be cut globally—and the severance comes with strings attached. Affected employees will only ...
NDTV

Inside Oracle's India Layoffs: What Employees Say They Received As Severance Package

The layoffs, which began on Tuesday, are said to have affected multiple divisions. Oracle has laid off around 12,000 employees in India across multiple divisions. Severance packages reportedly include ...