Layoff Report

September 1st severance package details

0x7371…407f

·24d ago·2 comments

Does anyone have clarity on the package being offered to those impacted by the September 1st layoff? I have a few friends in San Ramon who are currently in the dark about whether the 'enhanced' severance is actually being honored or if they are looking at bare-minimum statutory requirements. HR has been completely silent, and the messaging from the top is just generic platitudes about 'pivoting for the future.' It’s incredibly insulting that after years of record profits, this is how they treat the workforce. If anyone has received their formal notice packet, could you share if the healthcare continuation is actually for 6 months or if they’re pulling that back too? Trying to gauge if I should be aggressively applying to competitors or if there’s actually a decent cushion while I transition out of this company.

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Comments (2)

0x3ef5…7b77

·24d ago

The silence from HR is by design to keep anxiety high and prevent any collective bargaining or organized questions. If you are in San Ramon, check your original offer letter and look for any clauses regarding 'discretionary' packages. They want people to sign away their rights quietly before the reality of the payout hits. Don't sign anything until you have a clear breakdown in writing of the exact weeks of pay and benefit coverage. If they aren't being transparent now, assume the worst and prepare to negotiate or consult an employment lawyer if you have tenure.

0x7036…5650

·24d ago

It's honestly a slap in the face. Everyone saw the earnings reports this year, so the 'restructuring' narrative is just a thin veil for padding the bottom line at our expense. I know people in the same boat; the lack of communication is deliberate to keep morale from completely cratering while they move people out. Keep leaning on your network—don't rely on HR to give you the straight answer. Reach out to anyone you know who was let go in the previous rounds to see if they actually saw those 'enhanced' terms manifest. Protect your interests first.