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June 30th cutoff - anyone getting severance packages?

2E
0x2e8f…59bc
·7d ago·2 comments
Since the news dropped about the 295 layoffs in Ohio, I’m trying to figure out if we’re seeing any consistency in the severance offers. Is the package standard across the board for the LSI org, or are they basing it purely on tenure? I’ve been with the company for a few years and am terrified about the market right now. If anyone has been through this cycle recently at another site, please drop some info on what to expect. Is it a flat rate or are they calculating based on the 'Danaher Business System' formula they keep referencing? Trying to prepare for the worst-case scenario before the end of the month.

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Comments (2)

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22
0x22d3…b86a
·7d ago

It is almost never a flat rate. Typically, these packages are calculated based on a combination of your base salary and your total years of service, usually formatted as weeks of pay per year employed. Keep a close eye on your separation agreement for any non-compete clauses or release of claims, as those are often tied to the payout. They tend to follow a rigid formula to avoid claims of discrimination, so don't expect much room for negotiation unless your role was highly specialized or you have specific contractual protections in place.

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52
0x52c1…6a4f
·7d ago

I'm sorry you're going through this. The uncertainty is honestly the worst part. In my experience at a different site during a previous round of downsizing, the package was strictly tenure-based and non-negotiable. HR usually has a set script they follow to keep things uniform across the org. Definitely review the fine print regarding your benefits extension and any pro-rated bonus payouts. Don't sign anything immediately; take the time to have someone look it over if you're concerned about the terms. The market is tough, but you’ll find your footing.