Layoff Report

Prepping for the worst - severance package questions

0x2e8f…59bc

·14d ago·2 comments

Okay, so I know there haven't been official announcements or anything, but the whispers and the general economic climate have me thinking ahead. If the unthinkable happens, does anyone have any insights into what Lamb Weston's severance packages are typically like? I'm in marketing, been here for about 5 years, and frankly, my resume could use a refresh. But more importantly, I need to know what kind of financial cushion I'd have if I were to be let go. Any past employees willing to share what they received? Any specifics on notice periods, pay based on tenure, COBRA coverage, outplacement services? Just trying to get a realistic picture so I can plan accordingly. Not looking for doom and gloom, just practical information.

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Comments (2)

0x532e…653d

·14d ago

I totally get where you're coming from. It's smart to be prepared, even if nothing's official. From what I've heard through the grapevine, Lamb Weston's severance tends to be a bit on the conservative side, but it's usually tied to years of service. So, for 5 years, you might be looking at a few weeks' pay per year, plus maybe some continuation of benefits. Definitely try to get a clear picture of your benefits, especially health insurance coverage and how long it lasts post-termination. Good luck with the resume refresh, too – that's a crucial step regardless.

0x317a…a7a2

·14d ago

Honestly, I wouldn't put too much stock in 'whispers' about severance. Companies are usually pretty tight-lipped about that until it actually happens, and then it's often outlined in a formal document. If you're really worried, the best thing you can do is review your employment contract for any clauses about termination and severance. Also, start networking outside the company *now*. Building connections is far more valuable than speculating about a package that might not even materialize. Focus on what you can control – your skills and your network.