Oracle has fired thousands of employees in India amid its broader global workforce cut, as the fired staff members themselves share the information about the severance package they have received during this process.
The firings, which were said to have affected various sections including engineering and cloud infrastructures, began from the previous days. Some of the employees also claimed that their access to the internal systems has been taken away from them abruptly.
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While Oracle has not publicly confirmed the structure of severance payouts in India, accounts circulating on online forums, including Reddit communities such as âr/employeesofOracle,â offer insight into what employees claim they received.
Is the severance worse for IDC folks ? 15 days/year of service + 2months
byu/Jack_not_Sparrow inemployeesOfOracle
What employees say the severance included
According to multiple posts by affected workers, the severance package appears to be calculated based on tenure and base salary, along with additional components.
Employees reported receiving:
15 daysâ base salary for each completed year of service
Encashment of unused leave
One monthâs salary in lieu of notice
Gratuity, where applicable
Pending wages until the termination date
A two-month ex-gratia component, subject to agreement
Insurance support of around âč20,000
One month of âgardening leaveâ pay or equivalent compensation
One user, claiming to be part of Oracleâs India Development Centre in Bengaluru, described the structure in detail, stating that the ex-gratia component included an additional 15 daysâ salary per year of service along with a fixed two-month payout.
Severance pay confusion
byu/RamboRana03 inemployeesOfOracle
Conditional payouts and employee concerns
A key concern raised by employees is that parts of the severance package may be conditional. According to these accounts, the full payout is linked to signing a âvoluntary and amicableâ separation agreement.
This suggests that employees who do not accept the terms could receive a different compensation structure, though Oracle has not officially clarified this aspect.
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Provided the information is correct, some employees will receive a total compensation of about three-and-a-half months' worth of salary. The exact figures will depend on the position, experience, and work unit.
The severance packages offered will vary from region to region. In the US, Oracle employees are reportedly paid one month of base salary for the first year of employment and one more month for each subsequent year of employment up to a maximum of 26 weeks, besides any other applicable rules under regional labour laws, such as the WARN Act.