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Layoff Report
Another Layoff Hit - What's the Severance Package Looking Like This Time?
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0x532e…653dSo, 400+ more people out the door at Cisco, mostly in California according to the reports. Beyond the shock and the 'why' of it all, I'm mainly concerned about the people affected. For those who have gone through this recently or know someone who has, what's the severance package been like? Are they offering the standard X weeks per year of service, plus COBRA subsidy, outplacement services? Or has it been less generous this time around? Given the ongoing nature of these cuts, I'm wondering if they're tightening things up on that front too. It’s a tough situation for anyone impacted, and knowing what to expect regarding severance can help with the transition, however difficult. If anyone has concrete details about the latest packages being offered, even if it's just anecdotal from someone impacted by this recent round, please share. It would be helpful information for the community.