Thread regarding Oracle Corp. layoffs

19 replies (most recent on top)

@OP pfffff

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Post ID: @f6+1kxdwxwzm

@eh 110-115 next

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Post ID: @f5+1kxdwxwzm

LOL, 130 this AM. Dive, dive, dive!!

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Post ID: @eh+1kxdwxwzm

Time to RIF another 10,000 employees to recoup shareholder value! Ahh yes, life in the great US of A.

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Post ID: @bp+1kxdwxwzm

@bc

Considering 60K was about 1 year of my last year take-home, forgive me if I don't shed any tears for your reduced bonus amount.

It seems likely you got 1000 shares in that batch, and considering they usually grant them spread across 4 years, you might have got 4000 overall.

And you can always sell and take a loss. It will come off future income, but only 3,000 per year if you don't have other market gains.

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Post ID: @bh+1kxdwxwzm

it closed at the days low and below 52 week low. Real bad signs.

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Post ID: @be+1kxdwxwzm

@bc And I can't even sell mine a the current price, because I don't have enough positive stock gains to off set this huge loss.

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Post ID: @bd+1kxdwxwzm

Sigh. My RSUs vested in June for what the government sees as $60K of income to tax. Between the forced sale to cover taxes and the decline, this is now down to $15K of value remaining.

Down 75% in 6 weeks is pretty impressive.

For anyone waiting to apply for new jobs because their RSUs vest soon... don't put too many eggs in that basket.

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Post ID: @bc+1kxdwxwzm

@b5,
The time to sell was months ago. Keep holding at your own risk.

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Post ID: @bb+1kxdwxwzm

Start sending out your CVs while you’re still at work. You might not even receive severance looking at the way it is going.

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Post ID: @ba+1kxdwxwzm

131.54

XD

Debt monster on the prowl....

F 'em

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Post ID: @b9+1kxdwxwzm

@ag,
Same, and never offered any RSUs during my tenure.

ORCL closed today down 57% from the day of my separation. Glorious!

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Post ID: @b8+1kxdwxwzm

This POS is going down…

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Post ID: @b7+1kxdwxwzm

It'd be funny if it weren't for the fact that I own some shares and want to sell them at a good price to get some money while unemployed. Oracle's board should fire the whole executive team!

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Post ID: @b5+1kxdwxwzm

I spoke with my friend who is a financial expert. He told that the stock price will bounce back. But this down fall will impact headcounts for sure in the near future.

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Post ID: @ay+1kxdwxwzm

It will most likely end up settling somewhere in the $110–120 range.

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Post ID: @at+1kxdwxwzm

LMFAO!!

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Post ID: @an+1kxdwxwzm

They layed me off so I am not shedding one tear

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Post ID: @ag+1kxdwxwzm

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