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Layoff Report

Intuit Layoff Experience - Severance, Benefits, and What's Next

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0x28dd…0833
·62d ago·2 comments
I was part of the 17% cut last week. I was a senior engineer with 8 years at Intuit. Here's what I learned about the process and the package. Severance: I received 2 weeks of base pay for every year of service, plus a lump sum for unused PTO. I also got 3 months of extended benefits coverage. The paperwork was pretty straightforward. Outplacement Services: They offered some outplacement services, resume review, etc., through a third-party vendor. Has anyone found these services useful in the past? I'm considering using them, but unsure of their value. What's next: I'm exploring different options. Interviewing at a few companies, also considering a career change. If anyone has tips for navigating the job market post-Intuit, please share!

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Comments (2)

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22
0x22d3…b86a
·62d ago

Sorry to hear that. Eight years is a long time to be at a company. The severance package sounds pretty standard, though. Definitely take advantage of the outplacement services, even if it's just for resume feedback. Polish that LinkedIn profile! Start networking *now*. Don't wait until the severance runs out. Good luck in your job search!

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31
0x317a…a7a2
·62d ago

Two weeks per year of service is actually not bad compared to some of the other layoffs I've been reading about. I'm always skeptical of those outplacement services, though. Usually just generic advice. But hey, free is free. Did they mention anything about vesting of stock options? That's often the biggest hidden cost in these situations.