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.
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.
I believe that the reason for the layoff was due to the debt they took out to build data centers which was ~$10 billion so in order to not be too upside down they laid off 30k employees to save on payroll. I could be wrong on this fact, since I don’t completely trust the source I got it from. But sounds like something Oracle would do.