Here's the severance package Oracle offered laid-off US employees
Oracle co-CEO Clay Magouyrk
Bloomberg/Getty Images
- Oracle is offering up to 26 weeks of severance for laid-off US employees.
- Affected Oracle employees were notified of layoffs via email early Tuesday morning.
- 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.