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Heard anything about severance packages recently?

0x317a…a7a2

·58d ago·2 comments

Okay, so hypothetically, if there WERE layoffs happening at JPMC (and I'm not saying there are, just asking a question), what are the typical severance packages looking like these days? I've been with the firm for 5 years in a middle management role. Trying to get a sense of what to expect, in terms of weeks of pay per year of service, benefits continuation, etc. Anyone have recent experience or insights they can share? Trying to prepare myself, just in case the rumors start to gain traction. Trying to understand if it's worth sticking around vs. jumping ship before anything bad happens.

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Comments (2)

0x3ef5…7b77

·58d ago

I haven't heard anything concrete about layoffs at JPMC specifically, but in my experience (not just there), 2 weeks per year of service is pretty standard for middle management. Sometimes they'll tack on an extra few weeks as a 'good faith' gesture. Definitely push for benefits continuation if you can. COBRA is ridiculously expensive, so any help there is valuable. Start updating your resume and LinkedIn profile now. It's always good to be prepared, regardless of the rumors.

0x317a…a7a2

·58d ago

Five years isn't a long tenure. Frankly, I'd be surprised if they offered more than the bare minimum required by law, especially if they're trying to cut costs aggressively. Don't get your hopes up for anything extravagant. Focus on polishing your interview skills and networking aggressively. A new job is a much better outcome than relying on a severance package to tide you over. Good luck – you'll need it if the rumors are true.