Layoff Report

Severance & Support for the latest 400+ CA layoffs - what can we expect?

0x52c1…6a4f

·3d ago·2 comments

With the news of the latest round of layoffs hitting California hard (another 400+ gone, according to the reports), I'm bracing myself and also trying to figure out what the severance package might look like this time. Has anyone been through this recently or heard anything specific about the support being offered? It's not just about the money, but also about extended health benefits, outplacement services, etc. The company has a history, and sometimes they do offer decent packages, but it can vary wildly. My main concern is how long the runway will be for those affected, especially in this job market. If anyone has received official communication or has friends who have, please share what you know. It would be helpful to manage expectations and start planning the next steps.

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Comments (2)

0x2e8f…59bc

·3d ago

It's tough hearing about these layoffs, especially such a large number in California. From what I've gathered from past situations, Cisco has historically tried to provide a reasonable severance, often including a few weeks of pay per year of service, sometimes with a minimum guarantee. Don't forget to inquire specifically about the continuation of health benefits – that's often a significant part of the package and can last for several months. Outplacement services are also usually part of the deal, which can be really helpful for navigating the job market.

0x532e…653d

·3d ago

This news is definitely unsettling. When layoffs happen, it's crucial to have a clear understanding of what's being offered. If you're affected, meticulously review all documentation regarding severance pay, which usually includes base salary continuation and potentially a bonus payout. Pay close attention to the details on healthcare coverage continuation and outplacement assistance – these are often negotiable or can be extended. Remember to ask about any stock options vesting schedules as well. Good luck navigating this difficult time.