When it comes to layoffs, the most important thing for everyone is the compensation program.

It is reported that this Oracle compensation program for departing employees, according to the time of signing the termination contract, divided into three levels. The earlier the termination contract is signed, the more compensation.

Before May 22nd to sign the termination contract, is N + 6 compensation, and then sign the contract is N +1.

**** In this compensation program, there are restrictions on high wage employees , when the employee's daily wage is more than 3 times the average social wage, it will be in accordance with N (3 times the average social wage) + 6 employee's daily wage, this program will be compensated.

Currently, the average salary of an Oracle China employee is 48,959 yuan, and if an employee works at Oracle for 2 years, he or she can get 8 months of salary. This program, very satisfied with the younger employees, they said: "although helpless, but much better than other domestic enterprises, the results are very satisfied", and even rumors of 1 million compensation, followed by comments on the network have expressed "envy":

One senior employee said, "Now the company has capped the (monthly) salary at only 25,000 yuan, and many employees with high ranks are paid much more than that." Some older employees are even worried that they may not be able to find a job in a short time.

Once a scene, **** frequent layoffs in the last two years

******What's wrong with Oracle? ******

In 1989, Oracle officially entered the Chinese market and was the first world software giant to enter China. At one time, Oracle was synonymous with high salaries and high benefits, and was considered to be the second largest software company in the world in terms of revenue after Microsoft.

More than 10 years ago, the first choice for fresh graduates was basically a foreign company. With high salaries, good benefits and no overtime, and high company visibility, it was one of the dream companies for almost all programmers to work for.

Born to worry and die in peace, this sentence on Oracle is more than appropriate, past success makes Oracle is no longer willing to accept change, but also led to its in the new era came, did not catch up in time to the speeding train of cloud computing, and even stood on the opposite side of the new technology.

However, with the rapid development of big data and cloud computing, Oracle soon felt a chill, more and more business users began to replace traditional data centers with cloud data centers. This aspect led to the replacement of traditional servers less and less frequently, impacting Oracle's server business.

By the time Oracle decided to fight back, the market had already formed a pattern. aws, followed by Microsoft, IBM, and Google.

So, to summarize, the reasons for the layoffs can be attributed to two:

1. Transformation of the cloud requires R&D investment, and R&D investment needs to be generated from the original business, and the cloud will have an impact on the original business.

2. The financial situation is poor, resulting in poor profitability, so it is necessary to have to make blood through the arm.

Compensation again generous, **** still hurt the hearts of employees

Network effect is obvious

Throughout the history of Oracle, this layoff is not the first time:

On the basis of this layoffs, seniority of the older employees, the majority. The average age is above 37, so the compensation is still dissatisfied. Media headlines in the evening of May 7 article broke the news, Zhongguancun Software Park employees in the vicinity of the banner to protest Oracle China layoffs.

Banner written on the "overtime when we go all out, layoffs, please true relative", "we want to work, the children want to go to school, why such a cruel hand! and so on.

Under the irreversible wave, these employees can look forward to, perhaps only after the layoff compensation. But the current environment of the major names are optimizing the adjustment, in the face of sudden layoffs, they are still inevitably faced with the pressure of survival, but there are online headhunters said: "Employees do not have to worry, we have been squatting at the door coaxing talent!"

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Regardless of the final result, we wish them all the best, to adjust their lives as soon as possible, to meet the future!

What do you think about this? Layoffs pay how to allocate reasonable? Welcome to leave a message, collision sparks.