By Marc Vartabedian
Publication Date: 2026-04-13 18:48:00
A former Oracle employee accused the tech giant of targeting workers “with outstanding stock options” in a recent round of layoffs – as the company reportedly offered its new chief financial officer a hefty $26 million stock package.
A 30-year Oracle veteran recently turned to LinkedIn as the Larry Ellison-led company laid off about 700 employees and faced potentially thousands more cuts.
“After more than 30 years at Oracle, today I join the approximately 30,000 people laid off. Quite a shock. Many of the absolute best colleagues were also laid off.” Nina Lewis wrote.
“It appears (BUT I DON’T KNOW) that layoffs may be following an algorithm of senior individual employees and mid-level managers – particularly those with outstanding stock options,” she continued.
“I’m not sure what to do next, if anything. Open to ideas,” Lewis concluded with a smile…