How Much Money Oracle India Offering After Firing!

It is already known that Oracle has fired as many as 12,000 software engineers in India out of the total human workforce of 30,000. Let us have a look at the severance package that is being offered by the company.

Oracle India has outlined the severance package for employees affected by its recent layoffs. The package is designed to support employees during the transition, with payments calculated on gross salary and based on the tenure of service.

Under the plan, employees will receive severance pay equivalent to one month of salary for each year of service. This includes 15 days mandated by Indian labour law and an additional 15 days offered by Oracle as a goodwill gesture.

In addition, employees will be given notice period pay of one month, which is standard in India, along with an ex-gratia top-up of two months’ salary. The company has also announced health insurance coverage worth ₹20,000 as part of the package.

Employees are entitled to unused leaves and gratuity, which will be paid separately. All calculations are based on gross salary, ensuring clarity on the total payout.

For example, an employee with 2.5 years of service will have their tenure rounded up to 3 years. Adding one month for notice period and two months as ex-gratia, the total severance payout would equal six months of gross salary, excluding insurance benefits, leave encashment, and gratuity.

Oracle’s structured package aims to provide a financial buffer for affected employees while maintaining compliance with Indian labour regulations and offering additional support beyond statutory requirements.