this post was submitted on 01 Apr 2026
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Here's the severance package Oracle offered laid-off US employees (www.businessinsider.com)
submitted 2 weeks ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
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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.

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[–] Rooskie91@discuss.online 8 points 2 weeks ago (2 children)

Payday loans already do this.

[–] Doomsider@lemmy.world 2 points 2 weeks ago

With an average annual percentage rate of 390% - 900% !

[–] Modern_medicine_isnt@lemmy.world 1 points 2 weeks ago

True. But in theory, those are for people who have jobs. And technically that's a loan. I am surprised that we don't have private unemployment insurance, where like health insurance you pay into it even when not collecting. I believe in most states everyone pays into unemployment insurance that is run by the state. But since it is state run, it doesn't cost much. If they privatize it, the cost will have to go up. So they are missing an opportunity. Which capitalism doesn't tend to like. Thus my suprise.