Oracle laid off 20,000 to 30,000 employees via email, with a standard severance package that has become a point of contention among former employees. The package includes four weeks of pay for the first year, plus one additional week per year of service, capped at 26 weeks, but does not include accelerated vesting of soon-to-vest RSUs, which made up a significant portion of many employees' compensation. Read more...
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