Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
What Buyers Are Paying For in Bank M&A Premiums

What Buyers Are Paying For in Bank M&A Premiums

March 31, 2026
I’ve been a chef for more than 15 years. Here are my tips for making the perfect ham.

I’ve been a chef for more than 15 years. Here are my tips for making the perfect ham.

March 31, 2026
Judge halts Trump’s 90,000-square-foot White House ballroom construction

Judge halts Trump’s 90,000-square-foot White House ballroom construction

March 31, 2026
Mercedes-Benz to invest  billion at Alabama plant amid Trump auto tariffs

Mercedes-Benz to invest $4 billion at Alabama plant amid Trump auto tariffs

March 31, 2026
EV Chargers Are Growing Nationwide. What It Means for Drivers

EV Chargers Are Growing Nationwide. What It Means for Drivers

March 31, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
March 31, 2026 6:42 pm EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles
Fin Street NewsFin Street News
Home » Here’s the severance package Oracle offered laid-off US employees
Here’s the severance package Oracle offered laid-off US employees
Markets

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

News RoomBy News RoomMarch 31, 20261 ViewsNo Comments

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.

The company started notifying affected workers in the U.S. about the layoffs early Tuesday morning. Those who spoke to Business Insider said they received a notification email and were locked out of the company’s internal system at 3 a.m. Pacific.

Oracle declined to comment.

“After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change,” copies of layoff notification email viewed by Business Insider stated. “As a result, today is your last working day.”

Oracle’s package is smaller compared to other recent Big Tech severance offers. Block, which recently laid off nearly half its employees, provided them with 20 weeks of salary, plus one additional week per year of tenure. They would also get six months of healthcare, a $5,000 stipend, and the option to keep their work device.

People familiar with the matter told Business Insider that, in 2025, during layoffs at Meta, the company’s severance package included 16 weeks of pay and an additional 2 weeks for every year of service, plus 6 months of health insurance coverage.

Oracle’s offer is similar to Amazon’s, which said in January it would cut 16,000 corporate jobs and give affected employees full pay and benefits for 90 days, plus an additional severance package.

Oracle has a standard severance plan for US employees, a separate severance explanation viewed by Business Insider states.

“The Oracle America, Inc. Severance Pay Plan defines the severance pay benefits that you are eligible to receive,” the explanation states. “Per the Plan, you are eligible for Enhanced severance pay benefits of: 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.”

The payout will be adjusted for employees in states with a WARN notice period, the explanation states, and employees must have worked six or more months in the last year of their employment for it to be considered a full year for the purposes of the severance calculation.

Oracle employed around 162,000 full-time employees as of May 2025, according to its most recent 10-K filing. According to LinkedIn posts from laid-off employees, the cuts affected staff across Oracle Health, Sales, Cloud, Customer Success, and NetSuite.

Have a tip? Contact this reporter via email at astewart@businessinsider.com or Signal at +1-425-344-8242. Use a personal email address and a nonwork device; here’s our guide to sharing information securely.



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Judge halts Trump’s 90,000-square-foot White House ballroom construction

Judge halts Trump’s 90,000-square-foot White House ballroom construction

Mercedes-Benz to invest  billion at Alabama plant amid Trump auto tariffs

Mercedes-Benz to invest $4 billion at Alabama plant amid Trump auto tariffs

I gave up my corporate job to travel full-time and live in other people’s homes for free

I gave up my corporate job to travel full-time and live in other people’s homes for free

OpenAI’s ad push explained in one chart

OpenAI’s ad push explained in one chart

I tried Shake Shack’s new Clubhouse Pimento Cheese menu. It puts a fun spin on a classic Masters snack.

I tried Shake Shack’s new Clubhouse Pimento Cheese menu. It puts a fun spin on a classic Masters snack.

I tried to be the perfect school volunteer mom. My kids don’t remember it.

I tried to be the perfect school volunteer mom. My kids don’t remember it.

Wells Fargo CEO Charlie Scharf says economy still strong despite oil spike

Wells Fargo CEO Charlie Scharf says economy still strong despite oil spike

I’m a Brit who has fallen in love with Trader Joe’s. Here are 11 of my favorite things to buy at the US chain.

I’m a Brit who has fallen in love with Trader Joe’s. Here are 11 of my favorite things to buy at the US chain.

I run my business from an 18-square-foot shed in my parents’ backyard. It cut my rent and childcare costs.

I run my business from an 18-square-foot shed in my parents’ backyard. It cut my rent and childcare costs.

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

I’ve been a chef for more than 15 years. Here are my tips for making the perfect ham.

I’ve been a chef for more than 15 years. Here are my tips for making the perfect ham.

March 31, 2026
Judge halts Trump’s 90,000-square-foot White House ballroom construction

Judge halts Trump’s 90,000-square-foot White House ballroom construction

March 31, 2026
Mercedes-Benz to invest  billion at Alabama plant amid Trump auto tariffs

Mercedes-Benz to invest $4 billion at Alabama plant amid Trump auto tariffs

March 31, 2026
EV Chargers Are Growing Nationwide. What It Means for Drivers

EV Chargers Are Growing Nationwide. What It Means for Drivers

March 31, 2026
How To Finance A Mobile Or Manufactured Home

How To Finance A Mobile Or Manufactured Home

March 31, 2026

Latest News

Why 2026 Will Force Banks To Stop Waiting On AI, Data, And Systems

Why 2026 Will Force Banks To Stop Waiting On AI, Data, And Systems

March 31, 2026
United is revamping one of its most hated regional jets. It’s adding first-class and bins that fit carry-ons: See inside the CRJ450.

United is revamping one of its most hated regional jets. It’s adding first-class and bins that fit carry-ons: See inside the CRJ450.

March 31, 2026
I gave up my corporate job to travel full-time and live in other people’s homes for free

I gave up my corporate job to travel full-time and live in other people’s homes for free

March 31, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.