Oracle is offering recently laid-off employees four weeks of severance pay, along with an additional week of salary for every year of service, according to documents reviewed by Business Insider.
The latest documents did not mention a maximum severance limit. However, Oracle’s standard severance policy, previously reported by Business Insider in March, capped payouts at 26 weeks of base salary.
Under that policy, employees were eligible for four weeks of base salary for the first year of employment, plus one additional week for every extra year of service, up to a maximum of 26 weeks.
Oracle began a fresh round of layoffs on Monday, following reports that the company was preparing to reduce payroll while spending heavily on AI infrastructure.
In the latest layoff notification, Oracle reportedly told affected employees that their roles were being eliminated as part of a broader organisational change.
The message stated that the employee’s final working day would be the same day the notice was issued.
Compared with some other major technology companies, Oracle’s severance package appears to be less generous.
Salesforce’s standard severance policy reportedly offers up to 30 weeks of pay, with a minimum of nine or 13 weeks depending on the role. Employees can also receive an additional three weeks of pay for every year of service.
Microsoft, meanwhile, reportedly offered employees affected by its latest layoffs up to 39 weeks of base pay. Its package included a minimum of 60 days of pay, along with one or two additional weeks for every six months of service, depending on seniority.
The comparison shows that while Oracle is providing severance to affected employees, its package may fall below what some of its Big Tech peers have offered in recent rounds of job cuts.
