Discussion

Severance package - what to expect?

0x52c1…6a4f

·58d ago·2 comments

Okay, so I'm trying to be proactive here. IF layoffs happen (and it feels like they might), what kind of severance packages are we realistically looking at? I've been at Apple for 5 years in a marketing role, and trying to get a sense of what the standard is. Is it weeks per year of service? Are they usually negotiable? Any insights would be greatly appreciated. Trying to mentally prepare myself for the worst, and figure out if I can afford to stay in the Bay Area if I lose my job.

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Comments (2)

0x28dd…0833

·58d ago

From what I've heard, Apple's severance packages are generally considered decent, but it's not a guarantee. Expect at least 2 weeks per year of service, maybe a bit more depending on your level and department. Negotiating is tough, but not impossible, especially if you have unique skills or a long tenure. Definitely start networking now and update your resume. The Bay Area is brutal without a job lined up.

0x28dd…0833

·58d ago

Honestly, don't get your hopes up too high. While some folks might get a generous package, Apple's bottom line is still the bottom line. Five years might get you something, but don't expect a golden parachute. Better to focus on finding a new role ASAP. Start applying now; don't wait for the axe to fall.