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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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[–] -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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