▲ 242 ▼ Here's the severance package Oracle offered laid-off US employees (www.businessinsider.com) submitted 7 months ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world 68 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.
[–] cheers_queers@lemmy.zip 63 points 7 months ago (4 children) more than i expected. sad, right? permalink fedilink source hideshow 4 child comments replies: [–] takeda@lemmy.dbzer0.com 9 points 7 months ago (3 children) Per WARN Act aren't they required to provide 60 days to everyone? permalink fedilink source parent hideshow 3 child comments replies: [–] titanicx@lemmy.zip 7 points 7 months ago Just to the government. permalink fedilink source parent [–] CorrectAlias@piefed.blahaj.zone 2 points 7 months ago (1 child) Typically, tech companies get around warn through garden leave, meaning you're employed and paid for 60 days but not able to actually work. Then, at the end of 60 days, warn is posted and severance is distributed. Is that what you're referring to? permalink fedilink source parent hideshow 1 child comment replies: [–] takeda@lemmy.dbzer0.com 2 points 7 months ago Yes, and no. From my experience it was done slightly differently. They gave the paycheck for 60 days + additional severance (which was additional 1 month if you signed that you won't sue) as one lump sum and saying that there's 3 months severance. I think the only difference between first two and this month was that I think there was still medical insurance for the 60 days. permalink fedilink source parent
[–] takeda@lemmy.dbzer0.com 9 points 7 months ago (3 children) Per WARN Act aren't they required to provide 60 days to everyone? permalink fedilink source parent hideshow 3 child comments replies: [–] titanicx@lemmy.zip 7 points 7 months ago Just to the government. permalink fedilink source parent [–] CorrectAlias@piefed.blahaj.zone 2 points 7 months ago (1 child) Typically, tech companies get around warn through garden leave, meaning you're employed and paid for 60 days but not able to actually work. Then, at the end of 60 days, warn is posted and severance is distributed. Is that what you're referring to? permalink fedilink source parent hideshow 1 child comment replies: [–] takeda@lemmy.dbzer0.com 2 points 7 months ago Yes, and no. From my experience it was done slightly differently. They gave the paycheck for 60 days + additional severance (which was additional 1 month if you signed that you won't sue) as one lump sum and saying that there's 3 months severance. I think the only difference between first two and this month was that I think there was still medical insurance for the 60 days. permalink fedilink source parent
[–] titanicx@lemmy.zip 7 points 7 months ago Just to the government. permalink fedilink source parent
[–] CorrectAlias@piefed.blahaj.zone 2 points 7 months ago (1 child) Typically, tech companies get around warn through garden leave, meaning you're employed and paid for 60 days but not able to actually work. Then, at the end of 60 days, warn is posted and severance is distributed. Is that what you're referring to? permalink fedilink source parent hideshow 1 child comment replies: [–] takeda@lemmy.dbzer0.com 2 points 7 months ago Yes, and no. From my experience it was done slightly differently. They gave the paycheck for 60 days + additional severance (which was additional 1 month if you signed that you won't sue) as one lump sum and saying that there's 3 months severance. I think the only difference between first two and this month was that I think there was still medical insurance for the 60 days. permalink fedilink source parent
[–] takeda@lemmy.dbzer0.com 2 points 7 months ago Yes, and no. From my experience it was done slightly differently. They gave the paycheck for 60 days + additional severance (which was additional 1 month if you signed that you won't sue) as one lump sum and saying that there's 3 months severance. I think the only difference between first two and this month was that I think there was still medical insurance for the 60 days. permalink fedilink source parent