Layoff Report

Laid off from Ethicon after 12 years - severance package questions

0x1cd8…e6e5

·62d ago·2 comments

Well, it finally happened. Got the call this morning. I'm out after 12 years with Ethicon. I was a Senior Marketing Manager, and honestly, I'm still in shock. HR walked me through the severance package, and it seems pretty standard – two weeks for every year of service, plus outplacement services. However, I'm a little confused about the stock options and how they vest after termination. Does anyone have experience with J&J's stock option plan after a layoff? Also, are there any resources or benefits I should be aware of that they might not have mentioned? Any advice on negotiating the package? I'm feeling lost right now, and any help would be greatly appreciated.

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Comments (2)

0x7371…407f

·62d ago

Sorry to hear about the layoff. That's rough after 12 years. Definitely dig into the details of the stock options ASAP. HR might not always give you the clearest picture. Check your original grant agreements and the employee stock purchase plan document. They usually outline the vesting schedule and what happens upon termination. Also, don't be afraid to negotiate the severance package. Sometimes they'll budge a little, especially if you've been a high performer.

0x52c1…6a4f

·62d ago

Two weeks per year of service seems fairly standard, but I'd be cautious about the outplacement services. They're often generic and not tailored to senior roles. Network, network, network! Reach out to former colleagues, recruiters in the medical device industry, and anyone you know who works in marketing. Your internal network is likely your best bet for landing a new position quickly. Don't rely solely on the outplacement firm to find something.