Barely two days after Oracle laid off about 12,000 employees in India, there is still no official word on severance packages. Reports suggest that payouts will only be processed once employees sign termination papers sent through DocuSign.
According to claims circulating online, the package may include 15 days of base salary plus payment for unused leave. In addition, employees could receive two months of ex-gratia pay, with an extra 15 days added for every year of service. One month of gardening leave salary and Rs 20,000 for insurance are also said to be part of the deal. Based on this, the total package may amount to roughly three months and 15 days of salary, plus unused vacation and tenure-based additions. However, these details may vary depending on role and seniority, and nothing has been confirmed by Oracle itself.
In contrast, Oracle’s severance plan in the US appears more structured. There, employees reportedly receive four weeks of base pay for their first year, followed by one week for each additional year of service. The maximum payout is capped at 26 weeks of salary.
The uncertainty in India has fuelled speculation about whether local employees will be treated on par with their US counterparts. Until Oracle issues an official statement, the exact severance terms for its Indian workforce remain unclear.
Meanwhile, employees who received email notices on 31 March are still shaken. Some of them received the mail at 6 in the morning, without any warning, conveying that it was their last working day, with system access revoked immediately.