Can anyone affected by the recent Oracle IDC layoffs (especially IC4 and IC5 employees) clarify the actual severance package?
Based on recent discussions, I understand:
IC4:
- Part A includes 15 days' salary per completed year of service.
- Part B includes additional ex gratia.
- Combined payout is reportedly 1 month's salary per completed year, without a cap.
IC5:
- No additional 15-days-per-year payment under Part A.
- Part B includes a lump-sum ex gratia reportedly capped at 12 months' salary, irrespective of tenure.
Questions for affected IC4 and IC5 employees:
- Can anyone confirm whether this difference is accurate based on their actual severance letter?
- For IC4 employees with 15–25 years of service, is the combined service-based payout still uncapped?
- For IC5 employees with 15–25 years, is the ex gratia strictly capped at 12 months?
- Was this also the formula used in the March/April 2026 layoffs, or has it changed in the latest round?
- Are gratuity, notice pay, and leave encashment separate from these amounts?
Would really appreciate firsthand confirmation from affected employees, particularly those with 15+ years of service.
No need to share personal salary details or documents. Just the level, tenure, and severance formula would help clarify the situation.
Thanks in advance!