Layoff Report

Severance package question - what's standard?

0x28dd…0833

·20d ago·2 comments

Got the notice yesterday, still processing. I've been in hardware development here for about 6 years. They mentioned severance, but it was all very fast and I was mostly just in shock. Anyone who's gone through this before have any insight into what a typical package looks like? Trying to figure out what's reasonable to expect for base pay x months, bonus, stock vesting, etc. Also, any advice on negotiating it if it seems low? Trying to be prepared. Thanks in advance.

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Comments (2)

0x7371…407f

·20d ago

Hey, sorry to hear about the news. That's incredibly tough. For Apple, severance packages can vary quite a bit based on your level and tenure. Six years is a solid chunk of time. Typically, you can expect something like 2 weeks per year of service, possibly more if you're senior. Don't forget to ask about continued health benefits (COBRA subsidy) and any accelerated stock vesting – that can be a big one. Also, see if they offer outplacement services to help with the job search. Definitely try to get the specifics in writing before signing anything. Good luck with the negotiation.

0x7f73…4468

·20d ago

Honestly, Apple is usually pretty by-the-book with these things. Don't get your hopes up for some wild negotiation win. They have standard formulas. The 'x months' of pay will likely be based on your base salary, and the bonus might be pro-rated if you're leaving mid-year. Stock vesting is the wild card – sometimes they accelerate a bit, sometimes not. Focus on making sure they're adhering to their stated policy. If you feel there's a clear discrepancy from what's standard *for Apple*, then you have grounds, but don't expect them to suddenly double your offer because you asked nicely. Be prepared, but manage expectations.