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Oracle Lays Off Up to 30,000, Limits Severance, RSU Forfeiture

5/9/2026

27 3 Full Breakdown

Summary

Story summary

Oracle announced on March 31, 2026 that it would cut 20,000 to 30,000 employees by email.
Workers receive four weeks' pay, up to 26 weeks' service pay, and one month COBRA.
Severance does not accelerate unvested RSUs, causing forfeiture; one employee lost about $1 million in stock.
Oracle said remote classification removed WARN Act notice requirements and refused a petition by 90 employees to match peer severance, calling it take-it-or-leave.

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Story summary

Oracle announced on March 31, 2026 that it would cut 20,000 to 30,000 employees by email.
Workers receive four weeks' pay, up to 26 weeks' service pay, and one month COBRA.
Severance does not accelerate unvested RSUs, causing forfeiture; one employee lost about $1 million in stock.
Oracle said remote classification removed WARN Act notice requirements and refused a petition by 90 employees to match peer severance, calling it take-it-or-leave.