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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

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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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[–] frunch@lemmy.world 31 points 15 hours ago* (last edited 15 hours ago)

Imagine pouring your years and efforts into making this company the giant it became, and this is how they repay you. I have to imagine it's gonna be hard to find a new job at the same pay level etc, considering everyone is currently making big cuts to their workforce 🫠

"After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change," copies of layoff notification email viewed by Business Insider stated. "As a result, today is your last working day."

Oh, and one last thing:

Oracle declined to comment.