242
Here's the severance package Oracle offered laid-off US employees (www.businessinsider.com)
submitted 7 months ago by 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.

you are viewing a single comment's thread
view the rest of the comments
[–] -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.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 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.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] -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.

  • permalink
  • fedilink
  • source
  • parent