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.
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.
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
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.
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.
Enough for 400 employees.
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.