Updated
Updated · TechCrunch · May 8
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?