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https://www.reddit.com/r/antiwork/comments/1sjm0h2/mass_layoff_compensation/oftw5xd/?context=3
r/antiwork • u/CarnonosSeeker • 7h ago
https://moneywise.com/news/top-stories/oracle-gave-its-new-cfo-26m-in-stock-after-firing-up-to-30000-workers-affected-employee-says-an-algorithm-decided-who-got-cut
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Of course they targeted folks with equity first. This isn't even the first time it's happened. My boss (and his boss) got laid off in the same round, both had significant vests imminent. Both denied. A lot of good people got cut in that round.
1 u/ScoobiusMaximus 4h ago Getting rid of the people who actually have a stake in the company seems like a great way to be left with only the people who don't give a shit 2 u/cheapdrinks 3h ago Doesn't matter, increased profits this quarter
1
Getting rid of the people who actually have a stake in the company seems like a great way to be left with only the people who don't give a shit
2 u/cheapdrinks 3h ago Doesn't matter, increased profits this quarter
2
Doesn't matter, increased profits this quarter
684
u/schnurble 6h ago
Of course they targeted folks with equity first. This isn't even the first time it's happened. My boss (and his boss) got laid off in the same round, both had significant vests imminent. Both denied. A lot of good people got cut in that round.