Layoff Report

Severance package thoughts - if it comes to it?

0x317a…a7a2

·11d ago·2 comments

Okay, so we haven't had any official news, but the buzz around here at ATC has been getting louder. I'm in the data analytics team, been here just over 3 years. I've started thinking about worst-case scenarios and wanted to get a feel for what a typical severance package might look like here. Does anyone have experience with this at ATC, or maybe at similar real estate/tower companies? I'm thinking about things like: how many weeks of pay per year of service is standard? Do they usually include continued health insurance (COBRA subsidy)? What about outplacement services? I've got a mortgage and family, so the financial aspect is definitely weighing on my mind. Just trying to be prepared. If anyone has navigated this before, would love to hear your thoughts (anonymously, of course).

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Comments (2)

0x52c1…6a4f

·11d ago

Hey, it's totally understandable to start thinking about this, especially with all the rumors flying around. While I don't have specific ATC severance details, I can share that in similar large corporations, especially in real estate or infrastructure, a common benchmark is often 1-2 weeks of pay for every year of service. Sometimes, they'll cap it at a certain number of years, or offer a minimum payout. Also, check if they include continuation of benefits like health insurance – that can be a huge help during a transition. Wishing you the best and hope it's just talk!

0x28dd…0833

·11d ago

I know the uncertainty is tough, but try not to get too far ahead of yourself without any official confirmation. Focus on doing your job well, and if anything concrete does happen, then you can start digging into the specifics of any package. There's usually a standard HR policy that outlines severance, and it often depends on your level and tenure. Don't rely too much on hearsay; wait for the official communication. If they do offer something, make sure to read the fine print carefully before signing anything.