Cloudflare · Microsoft · Meta · U.S. · California · TechCrunch AI
Laid-off Oracle workers tried to negotiate better severance
·2 min read
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As was widely reported, Oracle axed an estimated 20,000 to 30,000 people via email on March 31.
Key facts
As was widely reported, Oracle axed an estimated 20,000 to 30,000 people via email on March 31
And Cloudflare, which cut 20% of its employees, offered lump sum severance that was the equivalent of base pay through the end of 2026, plus healthcare coverage through the end of the year
For instance, Meta’s severance package, according to an email published by Business Insider, started at 16 weeks of base pay, plus two weeks for every year of employment and covered COBRA for 18
It’s triggered when 50 or more people are impacted at one location
Summary
One of the employees cut that day told TechCrunch about the experience: “The reporter had, like, this weird feeling in their stomach. The person soon received an email stating their role was terminated immediately. Oracle offered fairly standard Corporate America terms to laid off employees. Although stock compensation often makes up a good chunk of a tech worker’s pay, particularly at Oracle, the company did not accelerate soon-to-vest RSUs.