Technology

83696 readers

1088 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago

MODERATORS

L3s@lemmy.world

enu@lemmy.world

technopagan@lemmy.world

L4s@lemmy.world

L3s@hackingne.ws

159

Here's the severance package Oracle offered laid-off US employees (www.businessinsider.com)

submitted 1 week ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world

69 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

[–] Armok_the_bunny@lemmy.world -2 points 1 week ago (1 children)

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

[–] Kazumara@discuss.tchncs.de 2 points 1 week 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."