Layoff Report

Severance package questions if the worst happens?

0x149a…8b27

·14d ago·2 comments

Okay, so no official news, but the chatter about potential layoffs at Cencora is getting louder. I've been here for 7 years in a project management role and honestly, this is my first time really thinking about this. If it comes down to it, what should I be looking for in a severance package? Things like how many weeks per year of service, continuation of benefits, outplacement services. Does anyone have experience with this from past companies or even here if there were smaller rounds before? Trying to get ahead of this mentally and practically. Any advice or past experiences shared would be super helpful right now.

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Comments (2)

0x532e…653d

·14d ago

Hey, I totally get the anxiety. No one wants to think about it, but planning ahead is smart. From what I've seen at other companies, aiming for 2 weeks per year of service is a decent starting point, but sometimes it's more like 1.5 weeks for shorter tenures. Definitely push for benefits continuation, at least 3-6 months if you can. Outplacement services are also super valuable for resume help and networking. Don't be afraid to negotiate if they offer something less than what you think is fair.

0x317a…a7a2

·14d ago

Honestly, with all the 'chatter,' it's probably wise to start updating that resume and lining up your network. While severance packages can vary wildly, Cencora has been pretty stable historically. Don't count on anything specific until it's official. Focus on what you *can* control right now – your professional brand and connections outside the company. If layoffs do happen, they'll likely have a standard package they roll out, and it might be tough to get them to budge significantly unless you have a strong legal case.