Severance includes 4 weeks base salary plus 1 week per year of employment.

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.

  • AA5B@lemmy.worldEnglish
    111·
    9 hours ago

    Last time I had to do this was a startup. We all worked insane hours trying to get the product off the ground but then

    • layoffs just short of a year so can save on severance
    • unemployment lower than my current mortgage
    • paid money to buy out my options in case the company made it, but a couple weeks later they reissued them to zero
    • nutsack@lemmy.dbzer0.comEnglish
      1·
      3 hours ago

      I assume this is what happens when you exercise stock options and so it’s better to just look at them and think that they’re interesting and that’s about it