Close Menu
saiphnews.comsaiphnews.com

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Tennessee Library Director Luanne James Fired Over L.G.B.T.Q. Books

    April 2, 2026

    Alleged Bondi gunman loses court bid to suppress names of his family

    April 2, 2026

    Two guilty of manslaughter over burglar's death

    April 2, 2026
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    saiphnews.comsaiphnews.com
    Thursday, April 2
    • Home
    • Finance
    • Sports
    • Health

      Fuel Your Workout: 15 Powerful Fitness Motivation Quotes to Keep You Going

      May 15, 2025

      Sizzle Away the Pounds: The Ultimate Guide to Fat-Burning Workouts

      May 14, 2025

      Kickstart Your Fitness Journey: The Ultimate Beginner Workout Guide

      April 30, 2025

      Get Fit Anytime, Anywhere: The Top 10 Fitness Apps You Need to Download Now

      April 30, 2025

      Unlocking Wellness: 10 Essential Habits for a Healthier Life

      April 22, 2025
    • Media & Culture
      1. World
      2. Politics
      3. Health
      4. View All

      Two guilty of manslaughter over burglar's death

      April 2, 2026

      Travelodge boss was sent email by sex assault victim

      April 2, 2026

      Phil Foden: Manchester City midfielder’s place in England’s World Cup squad ‘not guaranteed’

      April 1, 2026

      Thousands raised in memory of girl found in pond

      April 1, 2026

      Tennessee Library Director Luanne James Fired Over L.G.B.T.Q. Books

      April 2, 2026

      Alleged Bondi gunman loses court bid to suppress names of his family

      April 2, 2026

      Jammu Oil Tankers Fire: Several oil tankers catch fire in Jammu, 2 gutted | India News

      April 2, 2026

      Bondi Is Vulnerable as Republican Frustrations Over DOJ’s Epstein Files Missteps Grow

      April 2, 2026

      Fuel Your Workout: 15 Powerful Fitness Motivation Quotes to Keep You Going

      May 15, 2025

      Sizzle Away the Pounds: The Ultimate Guide to Fat-Burning Workouts

      May 14, 2025

      Kickstart Your Fitness Journey: The Ultimate Beginner Workout Guide

      April 30, 2025

      Get Fit Anytime, Anywhere: The Top 10 Fitness Apps You Need to Download Now

      April 30, 2025

      India’s Cultural Mosaic: A Deep Dive into the Rich Tapestry of Traditions and Modernity

      May 23, 2025

      India-Focused Headlines

      May 22, 2025

      Tradition Meets Technology: How Modern India is Redefining Ancient Rituals

      May 15, 2025

      Global Canvas: Exploring the Latest Trends in International Art Exhibitions

      May 15, 2025
    • National
    • Politics
    • Tech
    • Contact us
    saiphnews.comsaiphnews.com
    Home » Oracle layoffs: Company sets severance condition for laid-off employees: Sign papers first, or…
    National

    Oracle layoffs: Company sets severance condition for laid-off employees: Sign papers first, or…

    saiphnewsBy saiphnewsApril 1, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Oracle layoffs: Company sets severance condition for laid-off employees: Sign papers first, or…
    Oracle has started its largest-ever layoffs, impacting thousands globally. Employees must sign termination documents via DocuSign to receive severance, which appears less generous than competitors. These cuts, potentially reaching 30,000, aim to fund a massive AI data center expansion, a move that has placed the company under significant financial strain.

    Oracle has begun its largest-ever round of layoffs, with estimates suggesting up to 30,000 jobs could be cut globally—and the severance comes with strings attached. Affected employees will only receive their payout after signing termination documents sent via DocuSign. No signature, no money. The company has not publicly commented on the layoffs or the severance terms.The termination emails, sent from “Oracle Leadership,” started hitting inboxes at 6AM IST in India and 3AM Pacific in the US on Tuesday. No prior warning, no HR call, no manager in the loop. The email informed employees their roles had been eliminated as part of a “broader organizational change” and that the day they read the email was their last working day. Many were locked out of internal systems almost immediately after.

    Oracle’s US severance: four weeks’ base pay plus one week per year of service, capped at 26 weeks

    For US employees, Oracle is offering four weeks of base salary for the first year of employment, plus one additional week for every year after that, up to a maximum of 26 weeks. To qualify for a full year in the calculation, employees must have worked at least six months in their last year. The payout will also be adjusted in states with a WARN notice period.It’s a noticeably thinner package than what other tech companies have put on the table recently. Block, which cut nearly half its workforce last week, offered 20 weeks of salary plus one week per year of tenure, six months of healthcare, and a $5,000 stipend. Meta’s 2025 severance included 16 weeks of pay plus two weeks per year of service, along with six months of health insurance. Oracle’s offer doesn’t appear to include any healthcare continuation or additional perks.In India, the severance is expected to follow the standard N+2 formula—N being the number of years worked, paid out in months. Unvested RSUs, however, are forfeited entirely.

    The layoffs could hit 30,000 as Oracle scrambles to fund its AI data centre expansion

    TD Cowen estimates the cuts could reach 20,000 to 30,000 employees—roughly 18% of Oracle’s 162,000-strong global workforce—freeing up $8–10 billion in cash flow. The money is needed to fund a debt-heavy push into AI infrastructure that has put the company under serious financial pressure. Oracle has added $58 billion in new debt in two months, its stock has lost over half its value since September 2025, and several US banks have pulled back from financing its data centre projects.Posts on Reddit’s r/employeesOfOracle and Blind indicate the cuts have hit teams across Oracle Health, Cloud, Sales, Customer Success, NetSuite IDC, RHS, and SVOS.

    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    saiphnews
    • Website

    Related Posts

    Jammu Oil Tankers Fire: Several oil tankers catch fire in Jammu, 2 gutted | India News

    April 2, 2026

    Goa nightclub fire: Luthra brothers granted bail; to remain jailed for alleged NOC forgery | India News

    April 2, 2026

    ‘I don’t want to do a disservice’: Ian Bishop on importance of preparation in commentary | Cricket News

    April 1, 2026
    Leave A Reply Cancel Reply

    Our Picks
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss

    Tennessee Library Director Luanne James Fired Over L.G.B.T.Q. Books

    World April 2, 2026

    The director, Luanne James, was fired at a board meeting for the Rutherford County Library…

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Alleged Bondi gunman loses court bid to suppress names of his family

    April 2, 2026

    Two guilty of manslaughter over burglar's death

    April 2, 2026

    Jammu Oil Tankers Fire: Several oil tankers catch fire in Jammu, 2 gutted | India News

    April 2, 2026

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Our Mission
    Our Mission

    At Saiph News, we are dedicated to delivering the latest updates from across the globe, with a strong focus on National News, International Affairs, Health, Politics, Stock Market Trends, and more. Our mission is to keep our readers informed, engaged, and empowered with factual reporting and insightful analysis.

    Email Us: saiphtech247@gmail.com

    Our Picks
    Subscribe Us For Latest Updates
    Please enable JavaScript in your browser to complete this form.
    Loading
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Privacy Policy
    • About us
    • Contact us
    • Terms & Conditions
    © 2025 Saiph News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    %d