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Stock impact report

Oracle accused of targeting employees with stock options in recent layoffs [Yahoo! Finance]

MarketWise, Inc. - Class A (MKTW) 
Company Research Source: Yahoo! Finance
reportedly offered its new chief financial officer a juicy $26 million stock package. A 30-year Oracle veteran recently took to LinkedIn as the Larry Ellison-led company laid off about 700 workers, with thousands of more cuts potentially in the offing. “Well, after 30+ 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,” Nina Lewis wrote Outrage grows around layoffs conducted by Larry Ellison's Oracle. Getty Images “It seems (BUT I DON'T KNOW), maybe, layoffs follow an algorithm of high level individual contributors and mid-level managers – especially those with outstanding stock options,” she continued. “Not sure what to do next, if anything. Open to ideas,” Lewis concluded with a smile emoticon. Laid-off employees immediately forfeited their unvested stock, according to Marketwise , though their vested stock remained accessible. Oracle declined to comment. Lewis clarified in a follow-up p Show less Read more
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