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

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 confirmed the number of employees let go in India.How the...