u/the_mad_statter

From this report. They did not share number of participants but companies were across 10 industries including:

35% - Tech

25% - Financial Services

8% - Health and Pharma

6% - Gov

6% - Non-profit

Directionally lines up with other data we've seen and discussed recently including from Indeed and Stanford.

As if the Oracle layoff story wasn't bad enough, they avoided a WARN Act violation by classifying hybrid employees as remote.

Was reading this article about the Oracle layoff. Apparently the WARN Act requires 2 months notice when laying off 50 or more people from the same location.

"The WARN Act is a law that requires companies conducting mass layoffs to give employees two months notice prior to letting them go. It’s triggered when 50 or more people are impacted at one location. By classifying employees as remote workers, the minimum location requirements can be sidestepped.

Some people were unaware they were classified as remote workers, because they were near an office and worked on a hybrid schedule."

The workers also attempted to negotiate severance packages to be more in line with what other tech companies have done. Oracle declined to negotiate.

Was covered in the takeover tracker newsletter: https://aitakeovertracker.com/news