#severance-package

#severance-package

Eligible US employees whose combined years of service and age total 70 or more will receive a voluntary retirement package that includes five years of healthcare coverage, a lump sum cash severance payment, and six months of vesting for unvested stock options.

Oracle's severance package for laid-off employees includes four weeks' base salary plus one week for each additional year of employment, capped at 26 weeks. This offer is smaller compared to other recent severance packages from companies like Block and Meta, which provided more generous terms.