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Oracle Caps Severance At 26 Weeks As Layoffs Sweep India Operations, Future Bonuses Cancelled

Oracle Caps Severance At 26 Weeks As Layoffs Sweep India Operations, Future Bonuses Cancelled
Photo: Free Press Journal · view original

Oracle has set a ceiling of 26 weeks of base salary as severance for employees caught in its latest round of layoffs. The cuts have hit staff globally, with a fresh wave in India, the company's biggest workforce hub outside the US, reportedly affecting around 3,000 employees. Oracle has not confi...

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