That’s $1,000 per employee laid off. They might have been making $60,000 a year each.
$30 million is way too much to pay anyone (especially shareholders) but firing the CFO is not a silver bullet.
Alternative viewpoint. You could have retained 5,000 employees.
500
I’m always getting powers of ten wrong.
Regardless 500 workers Vs one CFO?
People who make that heart shape with their hands need to be thrown into a hole full of diarrhea.
Naaaw, that’s cuteee
not just US problem though
Anyone who does that heart hand thing needs to fuck right off.
I would also do the heart symbol if I got 30.000.000$ for it.
But she needs a picture for her instagram - if she doesn’t post about it, it didn’t really happen!
Eh, in this case yes, but I’ve seen two musicians do it at hardcore and metal shows recently. Both after talking about mental health and/or suicide within the community. I’m fine with those
Call me medieval, but I don’t understand these people… If I somehow had a ploy to make that kind of money in one shot I’d make like a bandit and vanish… Then retire. That kind of money is never work again money. I could retire at 30 and die in my 80s a rich man.
Have you ever heard of the word greed.
Do you realize how much a private jet costs?
See and that is why I almost pitty such people. They never learned how to be a normal person. How to be satisfied with what you have. But I did say almost. Cause they make the world a shithole for the rest of us.
Cause you’re thinking like an unhappy poor person. Not like someone who has the entire world at their disposal to consume and exploit.
This is absolutely right. Money to them isnt a tool for comfort and happiness, its simply a byproduct of power and exploitation of that power. These people dont want to be able to go into a bar and buy anything they want, they want to go into the bar and buy the whole thing and the street its on. Youre the consumer just wanting enough grass to munch on, they are the predator plotting behind you.
But that woman in the photo looks like she loves her job & loves the tech industry, she will show up gladly every day and do whatever it is she does to earn that 30 million per year. In fact she would probably show up gladly every day and do her work regardless of how much they pay her, which makes me wonder why they’re even paying her at all, we don’t get paid to do things we’re good at & enjoy!
https://news.ycombinator.com/item?id=15886728
And remember,
Do not fall into the trap of anthropomorphising Larry Ellison. You need to think of Larry Ellison the way you think of a lawnmower. You don’t anthropomorphize your lawnmower, the lawnmower just mows the lawn, you stick your hand in there and it’ll chop it off, the end. You don’t think ‘oh, the lawnmower hates me’ – lawnmower doesn’t give a shit about you, lawnmower can’t hate you. Don’t anthropomorphize the lawnmower. Don’t fall into that trap about Oracle. — Brian Cantrill (https://youtu.be/-zRN7XLCRhc?t=33m1s)
And
I actually think that it does a dis-service to not go to Nazi allegory because if I don’t use Nazi allegory when referring to Oracle there’s some critical understanding that I have left on the table […] in fact as I have said before I emphatically believe that if you have to explain the Nazis to someone who had never heard of World War 2 but was an Oracle customer there’s a very good chance that you would explain the Nazis in Oracle allegory. — also Brian Cantrill (https://www.youtube.com/watch?v=79fvDDPaIoY&t=24m)
(Wow your time stamps work. The last few years every time stamp I’ve written exactly like that, correctly, simply hasn’t been working. Just links to the beginning of the video. I really need to figure out what’s going wrong.)
I borrowed the comment wholesale from the first link, thank the OG ycombinator masklinn for their timestampery!
Hot damn, how did she manage to scam a whole company executive and its shareholders into thinking shes worth 29.7m dollarydoos?
Prior to joining Oracle, Maxson served as Executive Vice President and Group Chief Financial Officer at Schneider Electric, a global leader in electrification, automation, and digitalization with more than $45 billion in annual revenue. Since joining Schneider Electric in 2017, the organization has transformed from an electrical equipment supplier into a digital energy technology partner for key segments, like utilities and datacenters
Yup, there it is. For her industry contacts for getting power for datacenters. Not enough electricity to go around any more, Oracle needs people with connections in high positions.
It couldn’t possibly be rich parents.
“I will cook books and keep firing people until we make more money this q than last q”
Or that her inner circle of friends include someone in high up places.
That’s the worst heart gesture I’ve ever seen
That’s a heart? I thought she was doing a Mr. Burns
C-suite hearts are like beef jerky from disuse.
Girl Boss!!! slay queen!
Enough for 400 employees.
$74,250 per employee
Hm, is this low for this line of work? Genuinely asking.
A rule of thumb is that a corporate employee costs their company roughly twice their salary. Probably not very many Oracle employees are making just $37,000 a year.
That would include the CFO too, right?
You don’t know what jobs they cut. It was likely service offices and phone help and secretaries and maintenance people and commissioned sales people and such. They couldn’t have cut 30,000 programmers and hardware engineers.
About what I’ll make this year as a CNC machinist. And at least I’m making tangible and useful objects for jet engines and rockets (space, not war). A lot of those C suite executives do jack shit for humanity and get paid more in a week than I make actually working all year.
What’s it like to get in that line of business? Some sort of schooling needed?
You could maybe get a mechanical engineering degree, but CNC machining is pretty specialized, so a college curriculum might not be all that relevant. There are apprenticeship programs for that kind of thing though
In tech? Yeah that’s low.
I assume most of the layoffs were in support roles and not the main coders or hardware engineers. I assume it was a lot of secretaries and intern level stuff and phone rep and sales people supplemented by commissions and cleaning crew and maintenance jobs. Probably shut down some service offices too.
Like that justifies them getting pain that much?
No one deserves that much money and I’m not arguing in favor of what they did. I’m just pointing out that getting rid of that many people is way, way, more than $30,000,000 on a payroll.
pain. Yes, work is pain.
Where meme
No dark mode?! My eyes are burning.
Bro how the hell do you live with yourself using light mode anything? 🤮 🧑🦯😎🙈
this person opening lemmy:
Dark mode is better 90% of the time, but I still use light mode when I’m outdoors in bright sunlight!
Sunlight!?
I’m a simple man, I see IT Crowd. I upvote.
He needs to go from goth to boss
Heathen.
I keep clicking that but the meme never shows up
I don’t think it’s a meme
You might be right. I just keep seeing don’t lame ass ceo making a heart with her hands.
Hardly a meme, even tho I agree with the sentiment.
There is no actual sentiment in the image, lol. On its face, it’s just stating two facts, not explicitly criticizing anything.
One could feasibly spread the exact same image as a positive thing, just depends on the audience.
One of many.
How dare tell USA their problem? Why don’t you go there and do something? Gwon! Gwon!! You little punk! If USA could do somethin, they would.
No can do. It’s just too big. Nobody can do anything about anything because it’s soo big. You can’t phantom the size of USA before you get in a car and drive some hours across the state border only to realize that you’re still in the same car.
