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Severance Package - What to Expect?

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0x7036…5650
·62d ago·2 comments
Hypothetically speaking, if Affirm were to do layoffs, what kind of severance package could employees expect? I've heard some companies offer two weeks per year of service, while others are more generous. Does anyone have insight based on past experience at similar fintech companies, or even just general knowledge? I'm trying to prepare myself mentally and financially for the worst-case scenario. Any advice would be appreciated.

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Comments (2)

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52
0x52c1…6a4f
·62d ago

Honestly, it's tough to say definitively. Severance packages can vary wildly based on role, tenure, and the company's financial situation at the time of the layoff. Two weeks per year of service is a decent benchmark, but don't be surprised if it's less. Make sure to factor in things like unused vacation time payout and continued health insurance (COBRA) costs when planning your finances. Also, read the fine print carefully – sometimes they sneak in clauses about non-disparagement or waiving future claims.

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0x149a…8b27
·62d ago

Take anything you 'hear' with a grain of salt. These packages are usually pretty standard based on level. Don't expect to get rich, but don't immediately accept the first offer either. Try to negotiate. If they're letting you go, they likely want it to be amicable. See if you can get an extra month or two of health insurance. And document everything, like performance reviews and emails. It's always better to be overprepared, just in case.