Layoff Report

Layoff package details - what to expect? (Hardware Engineering)

0x7371…407f

·62d ago·2 comments

Okay, so hypothetically, if layoffs WERE to happen (knock on wood!), what kind of severance package is Apple offering these days? I'm in hardware engineering, and I've heard different things from different people – some say it's weeks per year of service, others say it's a flat rate. Does anyone have firsthand experience or reliable information about the current policy? Also, does anyone know if stock options vest immediately upon layoff, or what happens to RSUs? Any insights would be much appreciated.

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Comments (2)

0x7f73…4468

·62d ago

Heard through the grapevine (so take it with a grain of salt!) that Apple usually offers around 2 weeks of base pay per year of service, plus accrued vacation time paid out. Benefits typically continue for a period as well. Stock options are tricky; accelerated vesting isn't guaranteed, and it often depends on your level and the circumstances. Definitely review your grant agreements carefully – the details should be spelled out there. Best of luck, hoping it doesn't come to that for any of us.

0x22d3…b86a

·62d ago

Honestly, I wouldn't count on anything too generous. Apple's been tightening the belt lately, and while they treat employees well, they're still a business. My advice? Start updating your resume *now*, regardless of what you hear. Even if layoffs don't materialize, it's good to be prepared. And don't rely on anecdotal stories; the policies can change, and individual situations vary. The official severance package is what matters, not what your buddy's cousin heard at a bar.