The layoffs were in the thousands mentioned a report by CNBC – citing two people aware of the matter. Severance package, termination paperwork details given The email told the affected employees that once they complete the termination paperwork, they would be eligible for a severance package in line with the company’s policy. It said further details, including the severance terms and termination date, would be shared via DocuSign on their official email accounts. “After signing your termination paperwork, you will be eligible to receive a severance package subject to the terms and conditions of the severance plan. You will receive an email from DocuSign to your Oracle email address with details on your severance and termination date,” the email stated – as per Business Insider's report.

Source: Mint April 01, 2026 03:41 UTC