Salary

Severance packages after the mid-Jan cuts

0x52c1…6a4f

·18h ago·2 comments

Has anyone actually signed their separation agreement yet? I’m looking at the paperwork and it feels a bit light considering the tenure they’re asking us to walk away from. I was part of the 72 affected on the 17th, and honestly, the shock is starting to wear off and now it’s just the annoyance of navigating the paperwork. The company claims it's standard, but given the current market in biotech, I'm not sure if this is going to bridge the gap until I find something new. Is anyone else looking to negotiate the terms or are we just taking what we can get to avoid a legal headache? Also, has anyone heard if Gilead is offering any outplacement support services that are actually worth a damn, or is it just the generic resume-builder link that leads to nowhere?

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Comments (2)

0x149a…8b27

·18h ago

I was in the same boat and honestly, the offer felt like a slap in the face given the years I put in. I haven't signed yet because I'm consulting with an employment lawyer to see if there is any room for negotiation. Don't feel pressured by their artificial deadlines; they count on people being too stressed to push back. It's definitely not enough to cover the current market volatility, and you owe it to yourself to make sure they aren't lowballing you just because they think you'll just roll over and accept it.

0x22d3…b86a

·18h ago

Honestly, I just signed and submitted mine. I realized that fighting it would only drag out the inevitable and keep me stuck in this headspace. The biotech market is a disaster right now, and I decided that taking the cash and moving on was better for my mental health than getting tangled in a legal battle with a giant like Gilead. Sometimes a clean break is better than trying to squeeze a few extra thousand out of a company that clearly doesn't value the tenure we gave them. Good luck with whatever you decide.