this post was submitted on 01 Apr 2026
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Here's the severance package Oracle offered laid-off US employees (www.businessinsider.com)
submitted 20 hours ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
29 comments fedilink hide all child comments
 

Oracle offered laid-off US employees four weeks' base salary plus one week per additional year of employment up to 26 weeks as severance, according to an excerpt of internal severance terms viewed by Business Insider.

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[–] rozodru@piefed.world 2 points 16 hours ago (2 children)

yeah I'm not sure how it works in the US if you take the severance you forfeit unemployment but with the way the tech sector currently is I would be in favor of taking the unemployment instead because god damn is it rough out there.

Also not to knock Oracle employees but that place doesn't have the most glowing reputation for "quality". that right there might hinder their job search. Unless they go to Amazon. they'll just hire anyone with a pulse as long as you agree to working on call.

[–] AA5B@lemmy.world 2 points 10 hours ago* (last edited 10 hours ago)

You definitely take both. Apply for unenjoyment asap because it can take a few weeks for the money to start flowing. Also unenjoyment is much lower than pay, so you can’t expect to pay your bills with it

[–] Modern_medicine_isnt@lemmy.world 4 points 13 hours ago (1 children)

You can take both. And for most tech sector workers, the unemployment payments are tiny compared thier salary. Also the unemployment payments don't last forever. For anyone with say 10 years at the company, the ttotal unemployment payout would be less than the severance.

[–] village604@adultswim.fan 1 points 9 hours ago

Yup, I went from making $8k a month to $2.4k on unemployment.