Hilary Maxson will receive a base salary of $950,000 (Rs. 8.8 crore) with the deal further sweetened by a $26 million (Rs 241.7 crore) equity grant.

The developments have highlighted concerns about worker protections in the tech industry.

The exclusion of unvested stock from the severance package has been a major point of contention among laid-off Oracle ...

Oracle has begun its largest-ever round of layoffs, with estimates suggesting up to 30,000 jobs could be cut globally—and the severance comes with strings attached. Affected employees will only ...

On Tuesday morning, thousands of Oracle employees received an email at around 6 am. Oracle's leadership is said to have informed them that their services were no longer needed. It is believed that the ...

Oracle began its largest-ever round of layoffs on Tuesday, cutting thousands of employees worldwide with no advance notice. The termination emails—sig.