What Oracle offered in severance to laid-off US employees

Tech Insider : Business, Style

Oracle is providing severance packages of up to 26 weeks for US-based employees impacted by layoffs. Those affected were informed via email early Tuesday morning. The package includes four weeks of base pay, plus an additional week for each year of service.

Tech layoffs are at their worst since 2023, and AI is a big reason

Tech Insider : Business, Technology
A stock photo of an empty boardroom with an office chair.
Julien Bek, a partner at Sequoia Capital, said a lot of founders are worried if the latest AI advancement will destory their company.

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Meta, Google, and Amazon slash H-1B petitions after Trump's visa crackdown

Tech Insider : Politics, Business, Style
Composite photo shows Sundar Pichai, Andy Jassy, and Mark Zuckerberg all looking left.
Sundar Pichai, Andy Jassy, and Mark Zuckerberg

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Former Amazon VP shares the brutal reality about promotions: Pushy people win

Tech Insider : Business
Amazon building
Ethan Evans is a former Amazon VP.

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9 companies that have done AI-related layoffs

Tech Insider : Business, Crypto, Technology
Jack Dorsey, Marc Benioff, Arvind Krishna
Block CEO Jack Dorsey, Salesforce CEO Marc Benioff, IBM CEO Arvind Krishna (left to right).

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Companies laying off staff this year include Meta, Amazon, and Oracle — see the list

Tech Insider : Business, Crypto, Technology
eBay app
eBay is cutting about 800 jobs.

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Here's the severance package Oracle offered laid-off US employees

Tech Insider : Business
Oracle co-CEO Clay Magouyrk
Oracle co-CEO Clay Magouyrk

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Read the email Oracle is sending to laid-off employees

Tech Insider : Business
Larry Ellison, chairman of Oracle
Larry Ellison, the chairman of Oracle.

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Oracle lays off employees as it curbs costs during AI buildout

Tech Insider : Business
Larry Ellison
Oracle CEO Larry Ellison.

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The sneaky truth about the wave of AI layoffs

Tech Insider : Business, Technology
Businesspeople walking down office staircase

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Tech bosses say AI will make us work less. So far, that's mostly meant fewer of us will be working for them full-time.

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