What Oracle offered in severance packages to laid-off employees in India, US
Thousands of Oracle employees were made redundant on Tuesday — informed via email that their roles no longer existed. The missive offered workers a severance package that included several weeks’ of base salary and encashment of some leaves and benefits. The rules appeared to vary wildly based on location, with very different benefits offered to employees in India and the United States.
According to reports, the company emailed tens of thousands of employees early on Tuesday morning to announce the layoffs. First-hand accounts shared via social media indicate that many received the messages around 6:00 am — with at least 12,000 employees impacted in India.
