| ▲ | chasd00 a day ago | |||||||
I doubt it was cold as in no prior information cold but more like "cold sounding". If the layoffs affected > 50 employees then it would have triggered the CALWarn act which is the California additions to the federal warn act. So the oracle employees got 60 days notice and have known the email was coming today for 2 months. If they didn't then Oracle owes them 60 days of pay and benefits. | ||||||||
| ▲ | BryantD a day ago | parent [-] | |||||||
The usual way companies handle this is to set the actual layoff date as 60 days from when the email goes out. If you hear about a mass layoff including two months of salary for everyone affected, that’s what’s going on. Typically system access is revoked but the paychecks keep coming as usual and vacation keeps accruing, because you’ve got that extra two months of “employment.” The company also gets the benefit of being able to call you back in if it turns out there was something vital you were doing that never got documented. This, the company stays compliant with all the regulations but they don’t have to worry about disaffected employees during those 60 days. | ||||||||
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