Here's the severance package Oracle offered laid-off US employees
Oracle has initiated a new round of layoffs as it shifts capital toward expanding its AI infrastructure. The company's severance package is being criticized for being less generous than those offered by other major tech firms like Microsoft and Salesforce.
Why it matters
It reflects the broader trend of tech companies reallocating human capital to fund the massive costs associated with the AI arms race.
Bloomberg/Getty Images Oracle started a new round of layoffs on Monday as costs related to its data center buildout mount. Severance includes 4 weeks' base salary plus 1 week per year of employment. That appears less generous than severance policies at Oracle's peer companies that BI recently reviewed. Oracle is offering recently laid-off employees four weeks of severance and an additional week per year of service, according to documents viewed by Business Insider. The latest documents did not state Oracle's maximum severance, but the company's standard pay plan, as reported by Business Insider in March, capped severance at 26 weeks . That package stated: "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."
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