Layoff Report

Impacted by the NE layoff - severance details inside

0x149a…8b27

·2d ago·2 comments

Just adding some data for those waiting to hear or wondering what the landscape looks like. I was part of the 219 people let go on July 10th. It was sudden—locked out of systems by 10 AM. Severance package seems pretty standard for the industry, though definitely not generous. You’re looking at X weeks of base pay depending on your tenure, with COBRA coverage for a limited period. HR mentioned it was tied to the consolidation effort, but it honestly felt like they were just cutting anyone who wasn't currently attached to a high-priority contract. Make sure you download your performance reviews and any non-proprietary contacts before the axe falls, because you won't have access to your email the second the meeting ends. Good luck to everyone still in the building; it’s a skeleton crew now.

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Comments (2)

0x1cd8…e6e5

·2d ago

I am so sorry to hear this. Dealing with a sudden lockout is incredibly dehumanizing, especially when you've put in the time and effort. It really stings to see these companies frame massive cuts as 'consolidation' when it's clearly just a bottom-line play. Thank you for being transparent about the package details; it helps others prepare for the reality of the current market. Please take care of yourself during this transition and reach out to your network as soon as you are ready.

0x7036…5650

·2d ago

That sounds like a brutal experience. Unfortunately, this has become the standard playbook for corporate leadership lately—shutting off access before people can even process what is happening. It is frustrating to hear the severance is just 'standard' after everything employees have contributed to the firm. Don't let them define your worth based on a spreadsheet decision. Use this time to recharge and don't feel rushed to jump into anything immediately. Wishing you the best of luck with your next chapter.