Oracle rejects laid-off workers' bid to improve severance terms
Updated
Updated · TechCrunch · May 8
Oracle rejects laid-off workers' bid to improve severance terms
5 articles · Updated · TechCrunch · May 8
After Oracle's March 31 layoffs of an estimated 20,000 to 30,000 staff, at least 90 former employees signed a petition seeking better terms.
Workers objected to forfeited unvested RSUs and to some remote employees being deemed outside WARN Act protections; Oracle's package offered four weeks' pay plus one week per year, capped at 26.
The failed push contrasted with richer packages at Meta, Microsoft and Cloudflare, highlighting how tech workers can lose stock-heavy compensation and have limited leverage after mass cuts.
As Oracle bets $50 billion on an AI future, did it betray its workforce by forfeiting their earned stock?
Did Oracle use a 'remote worker' loophole to legally bypass mass layoff notification laws?
After its largest layoff in history, can Oracle still attract the elite AI talent it needs to succeed?