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
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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€“] HamsterRage@lemmy.ca 2 points 5 hours ago (2 children)

Interesting, that doesn't even meet the statutory requirements in Canada, which is 1 week severence+ 1 week in lieu of notice per year of employment. One top of that civil case law will generally add another 2 weeks per year of employment for employees who have been with a company for more than 5 years. There are other factors involved in this however. The whole thing generally tops out at about 20 months, too.

[โ€“] MangoCats@feddit.it 4 points 2 hours ago

That 1 week in lieu of notice per year of employment must be "a thing" elsewhere, I've seen it many times.

By the way, as I read the summary above, Oracle did meet the statuatory requirement in Canada + 3 additional weeks of severance. Not that this is "good" of Oracle, they're undoubtedly doing the minimum they can get away with - duty to shareholders over employees and all that.