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International Business Times UK
International Business Times UK
Business
Christian Nogot Puno

Peanuts' Pay, 5 Years on the Job, No Promotion: Oracle Employee Wonders If He's Layoff-Proof

Oracle's job cuts stem from AI investments, with $55.7B spent on capital projects this year, up from $21.2B the year before. (Credit: Peter Kaminski / CC BY 2.0; elements via Pexels. IBTimes UK)

An Oracle employee approaching five years in the same role, never promoted and, by their own account, poorly paid for it, has put a blunt question to colleagues online. Does being cheap protect a worker from redundancy or invite it? The question arrived days after Oracle drew up plans for another round of cuts.

Thousands of colleagues are asking a version of the same thing. Oracle removed about 21,000 roles in the financial year to 31 May, a fall of roughly 13%. An internal document reported on 11 August has managers naming more before the second quarter opens on 1 September.

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