Oracle caps severance at 26 weeks as fresh India job cuts hit 3,000 employees: Report

Oracle has capped severance for employees affected by its latest layoffs at 26 weeks of base salary, according to an internal FAQ reviewed by Business Insider. The package also cancels unvested stock awards and ends eligibility for future corporate bonuses. The job cuts have hit staff globally, while a fresh round in India has reportedly affected around 3,000 employees.