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.
In a civilized country, they would not be able to pull such a stunt. They would have to prove economical necessity to fire that many people. And it would be way more expensive: usual rates here are one months’ salaries per year of employment. And they would be forced to actively help finding new jobs for the majority of ex-employees.