Oracle outlines severance and benefits for laid-off workers amid cost-cutting measures

Oracle has released an internal FAQ document detailing severance packages, stock awards, and bonuses for employees affected by recent layoffs. The package includes up to 26 weeks of severance pay, with additional weeks based on years of employment. Employees also face the loss of bonuses, commissions, and unvested stock options. The company began notifying impacted staff on Monday, following earlier reports of planned double-digit layoffs to reduce payroll amid rising debt for AI infrastructure. CFO Hilary Maxson emphasized the need for 'thoughtful' spending, avoiding the phrase 'doing more with less.' The latest cuts follow previous layoffs this year, with Oracle's workforce declining by 13% in the 2026 fiscal year. Oracle's severance is less generous than competitors like Salesforce and Microsoft, which offer up to 30 and 39 weeks of severance, respectively. The layoffs highlight the financial impact on employees, with lost stock and future bonuses affecting their long-term earnings.