I don't know about India, in the US I heard it is a one month base plus one week for every year with the company, which is lower than the FAANGs, but more than most companies pay. In the US, companies aren't required to offer severence. In states like California, they are required to give two months notice via WARN.
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Only few months and few weeks . Bare minimum
Why would Larry pay more than the legal minimum?
Oracle is drowning in debt and you're no longer considered important to him if you're chosen for a RIF.