Thread regarding Oracle Corp. layoffs

Severance payment date and method?

For the ex-Sun folks with a Labor Day WARN and Halloween termination, when will the severance payment hit our mailboxes? While we are out of town for Thanksgiving? Can we get direct deposit?

From the packet, "Your severance payment will occur only after Oracle obtains the ... Release Agreement and any applicable revocation period expires. Severance payments are generally processed on Fridays... payment will be made via the same method (i.e. direct deposit, payroll check, or paycard) in which you received your semi-monthly payroll. It generally takes about 3 weeks after returning the signed Release Agreement to receive the severance payout.

  • November 17th will be the 3rd Friday, but I suspect that the U.S. Postal service delivered my agreement to Oracle during the week of the November 6th.

  • For 17 years, my payroll method was direct deposit, but my final check with the vacation buy-out was sent as a physical check via U.S. mail. Which method will be used for the severance payment?

  • Is there any way to verify the all of the paper work is complete for the severance?

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Post ID: @OP+QhbTFpm

4 replies (most recent on top)

I am SCA based and I also received the direct deposit today. The method of payment is as what I had as my last direct depost instructions.

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Post ID: @1sap+QhbTFpm

For those impscted in the microelectronics division shutdown the direct deposits are happening today for many. Myself included.

Austin Based.

Best of luck.

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Post ID: @1ecw+QhbTFpm

@wdq:

You're not at SCA, are you? Thanks.

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Post ID: @ozx+QhbTFpm

I was RIFed on Sept 1. My final paycheck was in check form, delivered that day. The severance was direct deposited about 2 weeks after the release was signed and delivered.

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Post ID: @wdq+QhbTFpm

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