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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

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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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[–] Kazumara@discuss.tchncs.de 5 points 1 week ago

Holy shit that's low. So to get even just 8 weeks you need to have worked there for 5 years. And this from a rich company.

I work for a small company of 150 people. I've got 3 months of notice period in my contract, though it's going both ways. This protection started immediately after my trial period ended, which was also 3 months long. That's considered normal here in Switzerland for office jobs. The minimum by law after your first year of employment would be 2 months.

Just for reference, in the European context the Swiss labour laws are considered quite weak. Market liberalism is comparatively strong here.