Oracle is offering recently laid-off employees four weeks of severance and an additional week per year of service, according to documents viewed by Business Insider.
The latest documents did not state Oracle’s maximum severance, but the company’s standard pay plan, as reported by Business Insider in March, capped severance at 26 weeks. That package stated: “four weeks of base salary for your first year of employment, plus one week’s salary for each additional year of employment, based on your most recent hire date, up to a combined maximum of 26 weeks of base salary.”
Oracle did not respond to a request for comment.
Oracle started a new round…
