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Severance

All articles tagged with #severance

Shell Exits Paramount Skydance With At Least $5 Million Severance
business2 days ago

Shell Exits Paramount Skydance With At Least $5 Million Severance

Jeff Shell, resigning as Paramount Skydance president amid a breach‑of‑contract lawsuit, will receive at least $5 million in cash (based on his $3.5 million base salary plus a $1.5 million target bonus) over 12 months, plus accelerated vesting of certain stock units and a one‑time $75 million RSU grant accelerated vesting, plus up to 12 months of company‑subsidized health coverage, all subject to signing a separation agreement and covenants.

via Variety|
#breach-of-contract#business#jeff-shell
Oracle offers up to 26 weeks severance for U.S. laid-off employees
business11 days ago

Oracle offers up to 26 weeks severance for U.S. laid-off employees

Oracle is offering U.S. laid-off employees up to 26 weeks of severance (four weeks of base pay plus one week per year of service, capped at 26 weeks), with state WARN notice adjustments and a requirement that six months of work in the last year counts as a full year for calculation. Affected staff across Oracle Health, Sales, Cloud, Customer Success and NetSuite were notified early Tuesday, with some reports of being locked out of internal systems. Oracle declined to comment. The package aligns with recent Big Tech severance patterns while varying in components, and Oracle employs about 162,000 people as of May 2025.

via Business Insider|
#benefits#business#layoffs
Oracle launches global workforce cuts, tying severance details to personal email
business11 days ago

Oracle launches global workforce cuts, tying severance details to personal email

Oracle began global layoffs with notifications indicating immediate termination. Affected employees will be offered severance per the plan and must provide a personal email address for follow-up on separation documents and FAQs, which will be sent via DocuSign. Access to computers, email, and files will be deactivated, and employees are advised not to retain confidential Oracle data; questions can be directed to HR.

via Business Insider|
#business#docusign#layoffs
Epic Games trims workforce by 1,000+ as Fortnite engagement wanes
business18 days ago

Epic Games trims workforce by 1,000+ as Fortnite engagement wanes

Epic Games is cutting more than 1,000 jobs after a downturn in Fortnite engagement, with CEO Tim Sweeney citing weaker market conditions, higher costs, and slower growth. The company plans over $500 million in identified cost savings and says the layoffs are not AI-related. Severance includes four months of base pay (more with tenure), extended healthcare, six months of US healthcare coverage, accelerated stock options through January 2027, and extended equity windows; Epic notes this follows a 2023 round of sizable cuts and aims to keep the company financially stable.

via GamesIndustry.biz|
#business#cost-savings#epic-games
Atlassian Cuts 1,600 Jobs to Accelerate AI and Enterprise Growth
business1 month ago

Atlassian Cuts 1,600 Jobs to Accelerate AI and Enterprise Growth

Atlassian said it would cut about 1,600 jobs, roughly 10% of its workforce, to refocus on AI initiatives and enterprise growth, with about 30% of the affected roles based in Australia. The restructuring, part of a broader push into an 'AI era,' includes a minimum 16 weeks of severance, extended benefits, and prorated bonuses, while CTO Rajeev Rajan will step down. The move comes as Atlassian faces a stock decline and is costing the company $225–$236 million in restructuring expenses, driven by severance and office-space reductions.

via Business Insider|
#ai#atlassian#business
Block’s 4,000-Job Layoff Comes With Notable Severance
business1 month ago

Block’s 4,000-Job Layoff Comes With Notable Severance

Block is cutting about 4,000 jobs (roughly half its workforce) but is offering a relatively generous severance package: 20 weeks of base salary plus one additional week per year of service, six months of health insurance, a $5,000 stipend, and the option to keep a company device, with equity vesting through the end of May. Experts say the package is generous, and the piece compares Block’s terms to other tech giants’ severance—from Amazon and Meta to Airbnb, Google, Microsoft, and Twitter/X—which use a range of structures including extended pay, health coverage, and stock vesting provisions.

via Business Insider|
#amazon#block#business
Gemini Wins the Severance Summary Showdown
technology2 months ago

Gemini Wins the Severance Summary Showdown

Tom's Guide pitted ChatGPT, Gemini and Claude against each other to craft an elevator pitch and two types of Severance summaries (spoiler-free and with spoilers). Gemini delivered the most structured, engaging spoiler-free overview and a vivid spoiler-filled section, Claude provided a strong elevator pitch and solid overall summary, while ChatGPT was concise but short on detail. Overall, Gemini emerged as the best pick for explaining Severance to friends and family.

via Tom's Guide|
#ai#chatgpt#claude
Top TV and Movie Highlights of 2025
entertainment3 months ago

Top TV and Movie Highlights of 2025

IGN's top pick for the best TV show of 2025 is 'Andor', praised for its exceptional storytelling, scope, and thematic depth, especially in its second season, which effectively encapsulates the Star Wars saga's focus on resisting fascism. The year also featured notable series like 'Severance', 'Pluribus', and 'Alien: Earth', with 'Andor' standing out as the standout winner.

via IGN|
#alien-earth#andor#best-tv-show
Highlights and Memorable Moments from the Emmy Awards
entertainment6 months ago

Highlights and Memorable Moments from the Emmy Awards

At the Emmy Awards Governors Gala, winners like Seth Rogen, Tramell Tillman, Cristin Milioti, Noah Wyle, and others celebrated their achievements, with notable wins including Seth Rogen for best actor in a comedy, Tramell Tillman for supporting actor, and Cristin Milioti for best actress, among various other awards for shows like 'Severance' and 'The Pitt.'

via The New York Times|
#celebration#emmy-awards#entertainment
television6 months ago

‘The Pitt’ Dominates 2025 Emmys with Multiple Wins and Notable Moments

The 77th Emmy Awards saw 'The Pitt' unexpectedly winning Best Drama Series over 'Severance,' despite statistical advantages for the latter, possibly influenced by industry favoritism and show freshness. 'The Studio' dominated comedy awards for Apple TV+, while Netflix's 'Adolescence' outperformed 'The Penguin' in limited series categories. The event highlighted industry preferences, genre classifications, and the ongoing success of HBO and Netflix.

via The Hollywood Reporter|
#adolescence#emmy-awards#severance
2025 Emmy Winners: 'The Studio' and 'The Pitt' Lead the Night
entertainment6 months ago

2025 Emmy Winners: 'The Studio' and 'The Pitt' Lead the Night

The 77th Emmy Awards celebrated winners across various categories, with HBO Max’s 'The Pitt' winning best drama, Apple TV+’s 'The Studio' taking home 13 awards including best comedy, and Netflix’s 'Adolescence' winning best limited series. Noah Wyle and Owen Cooper achieved notable wins, with Cooper becoming the youngest Emmy winner for a limited series.

via The New York Times|
#emmy-awards-2025#entertainment#severance