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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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[–] 9 points 7 months ago (5 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.

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  • [–] -1 points 7 months ago (1 child)

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

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  • [–] 4 points 7 months ago

    That's not what they said in the quote in the article.

    "Per the Plan, you are eligible for Enhanced severance pay benefits of: four weeks of base salary for your first year of employment, plus one week's salary for each additional year of employment, based on your most recent hire date, up to a combined maximum of 26 weeks of base salary."

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  • [–] -5 points 7 months ago (2 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.

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  • [–] 4 points 7 months ago (1 child)

    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.

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  • [–] -3 points 7 months 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.

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