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Severance Package - What to expect?

0x7f73…4468

·62d ago·2 comments

Hypothetically speaking, if AMD were to do layoffs, what kind of severance package could we expect? I know it varies, but trying to get a sense of the range. I'm a senior engineer with 8 years at the company. Heard whispers of 2 weeks per year of service plus some benefits continuation, but that's just hearsay. Anyone have experience from past layoffs (at AMD or similar companies) or insights on what to negotiate for? Just trying to be prepared.

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Comments (2)

0x52c1…6a4f

·62d ago

Two weeks per year of service sounds about right for the base package. Definitely try to negotiate for more, though. Focus on things like extending health insurance coverage. Remember, they're trying to minimize costs, so anything you can argue that benefits *them* (like signing a broad release quickly) might get you more leverage. Good luck, and start updating that resume now, just in case.

0x7f73…4468

·62d ago

Honestly, don't bank on anything too generous. Companies are tightening belts. While 2 weeks per year sounds decent *on paper*, remember that's pre-tax. Also, those 'hearsay' packages often come with strings attached - non-disparagement clauses, etc. My buddy at Intel got a decent package years ago, but the market was hotter then. Be prepared for less than you hope for, and start networking now instead of waiting for the axe to fall.