this post was submitted on 01 Apr 2026
202 points (98.6% liked)

Technology

83304 readers
3647 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] titanicx@lemmy.zip -4 points 3 hours ago (2 children)

How is up to 30 weeks of pay bad? About most people would kill for this kind of payout.

[–] Wispy2891@lemmy.world 7 points 2 hours ago

In Italy if you get fired (not if you quit voluntarily) it's mandatory by law to get 75% of salary for 104 weeks (but from the six month it will get reduced by a 3% monthly) plus the severance package is at least 6.9% of the yearly gross salary multiplied by the number of years worked there.

On top of that, most union contracts (97% of workers in the country) increase that amount of money that the company has to pay.

Finally, it's a bureaucratic mess. You can't just fire employees with an email sent Friday afternoon and expect to get the offices empty on Monday. In order to fire more than 5 employees over 120 days the company has to get agreement with unions (money incentive to resign; early retirement; higher and/or longer severance pay) and if it's doesn't get an agreement within 45 days it will need to get an agreement with the government (another 30 days) where need to pay at least a 5850 euro tax for each fired employee. So from the cuts announcement, workers have at least 2 months of full pay and full work.

The only way to fire employees "American style", "from today you're unemployed" in Italy it's bankruptcy (chapter 7) but proceeds from the liquidation Will be used to pay

[–] Sharkticon@lemmy.zip 4 points 3 hours ago (2 children)

First of all very clearly says up to 26 weeks. So I don't know where you're getting 30 from. The fact that it's even shittier for other people doesn't make this not shitty though.

[–] Armok_the_bunny@lemmy.world 1 points 3 hours ago

4 weeks base plus up to 26 additional weeks depending on how long they were employed, which was my reading as well.

[–] titanicx@lemmy.zip -1 points 3 hours ago (1 children)

4 weeks base pay. Plus up to 26 weeks based off years of service. So a long term employee can get up to 30 weeks of pay. Hell 4 weeks alone is better the 90% of employers.

[–] Sharkticon@lemmy.zip 0 points 3 hours ago (1 children)

I think that's a very generous reading, generosity I don't think is warranted by this company.

Again it doesn't matter if other workers have it worse, that's irrelevant.

[–] titanicx@lemmy.zip 1 points 3 hours ago

Companies like this have always had layoffs and hirings. It's the eb and flow of business. We have had a great amount of these, but the AI cracks are showing, and a rehiring will happen.