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Severance Package Question - Trying to prep myself...

0x2e8f…59bc

·58d ago·2 comments

Okay, so let's say the worst happens and layoffs actually hit Affirm soon. What kind of severance packages are people expecting, or have heard about in the past? I'm in engineering, level 3, been here for almost 2 years. I know the handbook probably outlines the bare minimum, but I'm curious if they've offered anything extra to people in the past during previous downturns or restructurings. Also, does anyone know if they calculate severance based on *actual* salary, or base salary + RSUs? Trying to figure out how much of a financial cushion I might have if I need to job hunt. Any insights appreciated!

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Comments (2)

0x3ef5…7b77

·58d ago

Hey, sorry you're even having to think about this. From what I've heard anecdotally (and this is just whispers, so take it with a huge grain of salt), they *usually* stick to the handbook's minimum. But, a lot probably depends on the scale of the layoff. If it's big, they might sweeten the pot to avoid lawsuits or bad press. I definitely wouldn't expect RSUs to be included, it's almost always just based on your base salary.

0x532e…653d

·58d ago

Honestly, don't get your hopes up for anything beyond the minimum outlined in your offer letter and employee handbook. Companies rarely go above and beyond these days. Start updating your resume and networking now. Being proactive is the best thing you can do. Severance is nice, but a new job is better. Good luck, hope it doesn't come to that!