Oracle India layoffs: As Oracle begins another round of layoffs in the US, questions are emerging over how much severance affected employees could receive. While the latest documents do not specify a maximum payout, the company’s standard severance plan, as reported by Business Insider in March, capped payments at 26 weeks of base salary, reported Business Insider.
Affected employees in the US reportedly discovered on September 14 that their positions had been eliminated. The process appeared similar to Oracle’s previous layoffs in March, with employees losing access to workplace systems before receiving formal notifications.
By around 6am local time, affected employees received an email from “Oracle Leadership” informing them of the decision.
How much will laid off employees receive?
Under the plan, employees would receive four weeks of base salary for their first year of employment, plus one week’s salary for each additional year of employment, based on their most recent hire date, up to a combined maximum of 26 weeks of base salary.
Multiple Oracle Teams Reportedly Affected
Employees discussing the cuts on Reddit's r/employeesOfOracle forum reported job losses across several parts of the company. The discussion reportedly received hundreds of comments within hours, with workers mentioning teams including OCI security, enterprise engineering, observability, Fusion, NetSuite sales, Customer Success Services, Oracle Health, EPM and HR Technology. Some employees also reported cuts at Oracle's Stargate site in Abilene, Texas.
One recurring concern among employees was that the layoffs did not appear to be limited to workers with poor performance records. Workers with several years of service and positive performance ratings also said they had been affected.
An IC4 employee in HR Technology reportedly said they had received several strong performance ratings before being laid off, while a four-year OCI employee said they had never received a rating below "meets expectations". A QA engineer with 24 years of service also reported receiving a termination notification.
Read the layoff email employees recieved from Oracle leadership:
We are sharing some difficult news regarding your position.After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day.
We are grateful for your dedication, hard work, and the impact you have made during your time with us.
After signing your termination paperwork, you will be eligible to receive a severance package subject to the terms and conditions of the severance plan. You will receive an email from DocuSign to your Oracle email address with details on your severance and termination date.
Immediate Action Required
To receive important follow-up information, including FAQs and separation documents to help you through this transition, you must provide a personal email address.
Please click here to submit a personal email address immediately. If you make a submission error, please re-submit a new form. Please Note: The personal email address will only be used for correspondence regarding separation-related information and severance agreements.
Access to your computer, email, voicemail, and files will be deactivated soon, and you will be unable to log into your computer. As a reminder, you are prohibited from downloading, copying or retaining (including emailing yourself any Oracle confidential information.
Thank you for your contributions to our organization. If you have additional questions, please reach out to the HR team via the Ask HR page…
Oracle Leadership.
