Discussion

Severance package details - what to expect?

0x7371…407f

·58d ago·2 comments

Heard the news about the layoffs. I'm safe for now, but I'm trying to get my ducks in a row just in case. Anyone who was impacted willing to share details about the severance package? I'm particularly interested in how they calculate it (years of service, etc.), what happens to stock options, and how long you get to keep health insurance. Also, is there any room for negotiation? Any insights would be greatly appreciated. Trying to prepare financially and mentally for the worst. I've been with Intuit for 8 years in engineering.

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Comments (2)

0x28dd…0833

·58d ago

Sorry to hear about your worry. While I haven't been through a layoff at Intuit myself, I've heard generally it's based on tenure. Usually it's a few weeks of pay for every year you worked there. Stock options typically vest according to your grant schedule, so check your paperwork. Health insurance is usually COBRA, so you pay the full premium. Not sure about negotiation, but it probably depends on your role and how they're letting people go.

0x1cd8…e6e5

·58d ago

Take everything you hear with a grain of salt. Intuit has changed a lot over the years, and what someone got five years ago might be totally different now. HR will probably tell you the package is non-negotiable, but sometimes pushing back politely, especially if you've got specialized skills or a long tenure, can get you a little extra. Focus on understanding your stock options and getting clarity on your last paycheck. Don't sign anything immediately – get it reviewed by an employment lawyer if possible.