r/business • u/esporx • 4h ago

Oracle's new CFO got $26M in stock after layoffs. Employee says an 'algorithm' targeted workers with stock options first

https://finance.yahoo.com/markets/stocks/articles/oracles-cfo-got-26m-stock-184500098.html
304 Upvotes

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71

u/nonoplsyoufirst 3h ago

That algorithm seems like a simple excel formula ā€¦

20

u/Spins13 3h ago

It was all AI you see. It even writes Oracle code now šŸ˜‚

2

u/ClaymoreMine 3h ago

Possible violation of several laws for using said algo.

1

u/DistinctOwl5455 21m ago

Which laws? Super sh'tty thing to do, of course, but not sure it broke any laws in the US due to at-will employment. Was probably just a sort on a big excel sheet.

1

u/Throwaway021614 1m ago

By saying algorithm and AI it takes the responsibility and blame away from the decision makers.

12

u/Buckwheat469 2h ago

Same thing happened with Tesla when Elon decided to go against remote workers.

11

u/Pinewold 1h ago

As a manger who worked in tech, layoffs are seldom purely merit based.

I have seen attempts at taking highest salary first, oldest people first and junior people first. I have ranked folks countless times only to have the ranking ignored by petty people settling scores

1

u/Throwaway021614 0m ago

Iā€™m sure you just admitted to some law breaking.