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.
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.
I suppose it depends on your State, but most I have worked in have “Employment at Will” which they make you sign on the way in - basically means: you can be “let go at any time, for no reason whatsoever.”
The really crappy thing about Oracle doing this like this is that these people are hitting the market with 30,000 other freshly fired Oracle workers all looking for the same kinds of jobs at the same time - in a market where lots of other companies are doing the same.