Tuesday, January 13, 2009

Reduction in Force wave is coming

Rumors, Rumors, we don't see yet major moves actionned in Europe.
August UK Consulting RIF, and EMEA BEA redundancy RIF were the last ones announced.
However, Economy slowdown is hitting certain areas and we just expect announcement to be made, probably in the consulting/Apps area.
Oracle European Work's Council and Country local work's Council will have to be officially consulted before any redundancy plan deployment.

Still "officially" unconfirmed yet, you will see many goodbyes in the US, dated Jan 9th in the Layoff Blog

Are we talking about 8% of the sales force, 20% of its consulting staff, or just a few hundreds world wide ?

Severance package reported through comments seems very cheap for a company like Oracle : One month for the first year you serve and one week for each additional year you serve. 30 days Oracle covered COBRA (Medical Care).
Given all the extra efforts done worldwide and the company margin, we call for better level of global benefits towards the ex-employees.

Vision 2010 or 1929 ?
Read More :
Oracle Major Layoff - Computer World
Facts and Rumors - The Economist
Spectator October, Spectator November, Layoff Blog, Digital Daily,
India (40 layoffs over 25000)


Anonymous said...

Well the European model seems to have its advantages !

Anonymous said...

Could you share the typical EMEA severance package description ?