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Some 640 millions earmarked for severance payments ? How many people will they fire ? At five digits per average severance package, which I find extremely gener
by ovi256 16y ago
Some 640 millions earmarked for severance payments ? How many people will they fire ? At five digits per average severance package, which I find extremely generous, it comes out to a five digits number, which seems huge to me.
- hga 16y agoIf this is correct: "some 80 percent of it evidently earmarked for employee severance payments at Sun’s European and Asian outposts" Then the numbers may be significantly different due to differences in employee law and culture. Also, if they're closing down offices, e.g. consolidating them with existing Oracle sales and support ones world wide, there's all sorts of other expenses involved.
- lallysingh 16y agoWell, let's be careful. It might be $10k, which may only cover a good engineer's mortgage & expenses for 2 months. Then again, I'm not worried about the good people @ Sun finding a new job.
- jheriko 16y agoI'd expect most of that is going to be for more senior staff, who you probably do not deserve it... you know, the ones with the kind of salaries that should be illegal - because they drive greedy, crappy employees into the top positions consistently.