Oracle’s outstanding projects reached 450 billion with a projection to exceed 500 billion. Why would oracle lay off 3k workers if the number of open projects increased 5 fold in 1 year. Im not dissing the CEO’s compensation package. For so long I was told it was better to pay the ceo than to keep the employees. You telling me that those 3000 people were going to make on average 333 million dollars A piece. It is a very scary time to be a human.
The CEO of oracle made 100 billion dollars in 19 hours and laid off 3k workers during that time.
byu/invisiblemanrrs ineconomy
Posted by invisiblemanrrs
7 Comments
Sickening…
Just the beginning
No he did not “make” that much money in that timeframe.
IRS considers REALIZED GAINS as income, not UNREALIZED GAINS.
It’s frustrating dealing with these idiotic posts.
Damn.
It should be illegal to profit so much over other hurting other people.
Most of the layoffs were in India if you google.
“Free market” capitalism.
Capital always wins.