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.

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

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

Bloomberg/Getty Images

Read the email Oracle is sending to laid-off employees

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

Justin Sullivan/Getty Images

Oracle lays off employees as it curbs costs during AI buildout

Tech Insider : Business
Larry Ellison
Oracle CEO Larry Ellison.

Anna Moneymaker/Getty Images

5 of tech's biggest names have together seen nearly $200 billion wiped off their fortunes this year as AI fever cools

Tech Insider : Business
Larry Ellison
Oracle cofounder Larry Ellison has seen around $60 billion erased from his net worth this year.

Andrew Harnik/Getty Images

Oracle tells investors not to worry about data center spending because its 'very, very good' at cost-cutting

Tech Insider : Business
Oracle logo on a phone in front of a red background
Oracle reported its third-quarter earnings for fiscal 2026 on Tuesday.

Jonathan Raa/NurPhoto via Getty Images

Oracle's Larry Ellison downplays software apocalypse fears: 'We think the SaaSpocalypse applies to others, but not to us'

Tech Insider : Business
Larry Ellison
Oracle Chairman Larry Ellison

Andrew Harnik/Getty Images

Tech leaders pledge to power their own data centers during meeting with Trump

Tech Insider : Politics, Business
Donald Trump
Executives from eight tech companies joined Trump at the White House on Wednesday.

Win McNamee/Getty Images

You could burn through $50,000 covering an unemployment stint in today's market

Tech Insider : Economy, Business, Style
Joanelle Cobos (left), Clair Todd (right)
Joanelle Cobos (left) and Clair Todd (right) prepared financially for layoffs but faced a challenging job market.

Joanelle Cobos (left), Clair Todd (right)

Oracle's Larry Ellison is down an unmatched $49 billion this year after the plunge in software stocks

Tech Insider : Business
Larry Ellison, Oracle founder.
Larry Ellison built his wealth by turning Oracle into a dominant enterprise software company.

Phillip Faraone/Getty Images

Subscribe to oracle