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

Technology

83304 readers
3752 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
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
206
Here's the severance package Oracle offered laid-off US employees (www.businessinsider.com)
submitted 1 day ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
44 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.

you are viewing a single comment's thread
view the rest of the comments
[–] titanicx@lemmy.zip -1 points 5 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 5 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 4 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.