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Here's the severance package Oracle offered laid-off US employees (www.businessinsider.com)
submitted 7 months ago by 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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[–] 4 points 7 months ago (2 children)

I assume this is what happens when you exercise stock options and so it's better to just look at them and think that they're interesting and that's about it

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  • [–] 2 points 7 months ago* (last edited 7 months ago) (1 child)

    It’s at least scammy but I don’t see how it’s aboveboard at all. It was only like $200 so not worth the cost of finding out

    I did spend like a decade trying startups in the hope of one making it, without any luck. Interestingly the only buyout that got me anything was a midsized company, not a startup, purchased by a large company. The only options that have panned out was a midsized company bought by a private equity, where they’ve paid cash

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