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 22 hours ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
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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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[โ€“] The_v@lemmy.world 12 points 17 hours ago (1 children)

No severance doesn't effect your eligibility for unemployment. It does often reduce the number of claims however. Many people live off the severance until in runs out, then claim employment. You can also claim unemployment while still actively receiving severance pay.

Severance is usually tied to a non-disclosure agreement. If they want to enforce them, compensation is usually required in most states.

[โ€“] village604@adultswim.fan 3 points 10 hours ago

That's what I did when I was laid off last February due to Musk.

In some states you can actually work and still draw unemployment. I got a temp job to help fill the gap that unemployment left until I transitioned it into a permanent gig.