Oracle accused of targeting employees with stock options in recent layoffs
8 hours ago
- #Layoffs
- #Corporate Controversy
- #Stock Options
- Oracle is accused of targeting employees with outstanding stock options during layoffs.
- Around 700 layoffs were announced, with potential for up to 30,000 cuts to free up cash for AI investments.
- Laid-off employees forfeit unvested stock, while some suspect an algorithm behind the layoffs.
- Oracle hired a new CFO with a $26 million stock package, contrasting with employee layoffs.
- The company is investing heavily in AI infrastructure, with significant debt and capital expenditures.