Oracle fires up to 30,000 employees with minimal severance and no accelerated stock vesting

Oracle laid off an estimated 20,000 to 30,000 employees abruptly via email on March 31, offering standard severance but no accelerated vesting of stock options, which caused significant losses for many workers. Severance included four weeks' pay plus one week per year of service, capped at 26 weeks, and one month of COBRA insurance. Oracle also classified many as remote workers to avoid WARN Act notice requirements, limiting protections. Attempts by employees to negotiate better terms, inspired by more generous packages from other tech giants like Meta and Microsoft, were rejected by Oracle. This highlights the limited protections tech workers face during mass layoffs despite high compensation packages.