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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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[–] 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?

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  • [–] 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.

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