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.
Interesting, that doesn’t even meet the statutory requirements in Canada, which is 1 week severence+ 1 week in lieu of notice per year of employment. One top of that civil case law will generally add another 2 weeks per year of employment for employees who have been with a company for more than 5 years. There are other factors involved in this however. The whole thing generally tops out at about 20 months, too.
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