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Oracle employee laid off after 34 years says layoffs may be driven by algorithm: ‘Quite a shock’
Nina Lewis, who spent over 3 decades at Oracle, said she was among the thousands laid off in the latest round.
As Oracle carried out a major round of layoffs, several employees began sharing their experiences online. One such post, by a long-time employee, has gained attention for highlighting the sudden impact of the job cuts.
Taking to LinkedIn, Nina Lewis, who spent over 3 decades at Oracle, said she was among the thousands laid off in the latest round. She wrote that the news came as a shock and that many of her colleagues were also affected.
“Well, after 34 (33 of them great) years at Oracle, I join the 30,000 or so laid off today. Quite a shock. Many of the absolute best colleagues were laid off as well,” she wrote.
Lewis, who most recently worked as a Security Alert Manager, further suggested that the layoffs may not have been entirely random. “It seems layoffs follow an algorithm of high level individual contributors and mid-level managers — especially those with outstanding stock options,” she added, hinting that employees with higher compensation or equity may have been prioritised.
“Not sure what to do next, if anything. Open to ideas,” she concluded.
According to her LinkedIn profile, Lewis joined Oracle in 1992 as part of the Principal Technical Staff and steadily rose through the ranks over the years.
(Also Read: Oracle mass layoffs: All about the severance package offered to the laid-off US employees)
Oracle layoffs
Her post comes amid reports that Oracle has laid off around 30,000 employees globally as part of a broader restructuring exercise. Affected employees were reportedly informed via an early morning email notifying them that their roles had been eliminated with immediate effect.
“We are sharing some difficult news regarding your position. After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day. We are grateful for your dedication, hard work, and the impact you have made during your time with us. After signing your termination paperwork, you will be eligible to receive a severance package subject to the terms and conditions of the severance plan. You will receive an email from DocuSign to your Oracle email address with details on your severance and termination date,” read a part of the email by the company, as reviewed by Business Insider.
According to documents cited by the outlet, the company is offering US-based employees a severance package that includes four weeks’ base salary, along with an additional week for each year of service, capped at 26 weeks.
