Oracle does this almost 3x per year. It took senior people making 90-120 base and laid them off to employ (me and others) at 47-60k base salary in Massachusett

Oracle does this almost 3x per year. It took senior people making 90-120 base and laid them off to employ (me and others) at 47-60k base salary in Massachusetts. Then after 3 years, they laid us college kids off to employ even lower paid fresh graduates in Austin and San Antonio, because Texas cut them an even better deal than MA did I believe.