Oracle document spells out what laid-off workers get in severance, stock, and bonuses

Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images Oracle started a new round of job cuts this week.

An internal document spells out more details what those employees get in severance, stocks, and bonuses.

The cuts come as Oracle continues an aggressive AI infrastructure buildout.

Oracle employees caught in the company's latest round of layoffs now know exactly what they'll leave behind and what they'll take with them.

An internal FAQ document viewed by Business Insider lays out more details for staff impacted, including severance capped at 26 weeks, canceled stock awards, lost bonuses, and deadlines for exercising vested options.

Oracle started notifying affected staff on Monday.

Business Insider reported last month that the company had drawn up plans for double-digit percentage layoffs on some teams to reduce payroll as it racks up billions in debt to fund AI infrastructure.

Employees were offered four weeks' base salary plus one week per year of employment, according to documents viewed by Business Insider.

The full FAQ document includes the maximum severance payout and what happens to employee bonuses, commissions, and stock options.

The details offer a window into the employee impact of Oracle's latest cost-cutting push.

The company has shed tens of thousands of workers while borrowing heavily and spending tens of billions of dollars to build data centers and other infrastructure needed to support its AI ambitions.

For employees leaving in the latest cuts, the financial impact extends beyond losing a paycheck: unvested stock disappears, future corporate bonuses are forfeited, and participation in employee stock programs ends.

Oracle executives didn't directly address the layoffs in an employee town hall this week, but Chief Financial Officer Hilary Maxson told staff the company needs to be "thoughtful" about where it spends tims and money.

"I don't mean doing more with less, which is a phrase that I really, really don't like," Maxson said.