00:00Oracle started laying off employees. Here's what it's offering in severance.
00:03According to reporting from Business Insider's Ashley Stewart, Oracle is
00:07offering four weeks of base salary plus one week of additional pay for each year
00:10worked for up to 26 weeks. The payout will be adjusted based on state laws and
00:15employees must have worked at least six months out of the last year of their
00:17employment for it to count as a full year in severance calculations. Oracle's cuts
00:22affected employees across health, sales, cloud, customer success, and NetSuite. The
00:26company employed about 162,000 full-time workers as of May 2025. Oracle's package
00:32is smaller than some other recent big tech offers. In Block's recent layoffs when it
00:36cut over 40% of its workforce, the company provided laid-off employees with 20
00:40weeks of salary plus one week of additional pay for every year of tenure.
00:44The laid-off workers also got six months of health care, a $5,000 stipend, and the
00:48option to keep their work device. During Meta's layoffs in 2025, the company's
00:53severance package included 16 weeks of pay plus two weeks of additional pay for
00:57every year of tenure. More similar to Oracle though, Amazon previously said it
01:01would give its laid-off employees full pay and benefits for 90 days plus an
01:04additional severance package. So the takeaway this week? Oracle's severance
01:08package is somewhat standard but a bit more modest than some other big tech rivals.
01:12The
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