Oracle layoffs hit India: severance capped at six months' salary

Oracle is offering severance to employees in its latest layoff round, capped at 26 weeks of base salary regardless of tenure. Around 3,000 workers in India may be affected, with unvested options and RSUs cancelled.

• Severance: 4 weeks of base salary for the first year, 1 week for each additional year
• Payout capped at 26 weeks of base salary regardless of tenure
• Around 3,000 employees in India may be affected
• Unvested stock options and RSUs are cancelled upon termination