January 18, 2005More on those LayoffsAs more word filters out about the Oracle/Peoplesoft layoffs, there's both good and bad in the mix. Contrarty to speculatrion, about 1300 of the layoffs came from Peoplesoft, meaning that about 3700 came from Oracle, so it's not simply a case of Oracle protecting its own. And a lot of Oracle employees got unwelcome surprises on Saturday. The company will carry those let go for three months of severance pay and health benefits, which may or may not be so bad, depending on length of service. When Coke downsized a few years back, their policy was one month of severance per year of service. My guess is that averaging it out like this is another "expedient." The fact that about 3/4 of the layoff came from Oracle also means that this was a pure efficiency move, and didn't have much, if anything to do with corporate culture. Oracle was the leaner operation, in terms of SG&A vs. revenue. Posted by joshuasharf at January 18, 2005 06:55 AM | TrackBack |
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