Salary

Severance packages - are they actually offering anything decent?

0x7371…407f

·16d ago·2 comments

I’m hearing conflicting reports from people who got the axe in the most recent wave. Some are saying the package is standard, but others are claiming they were pushed out with barely anything after years of service. It feels like they are making it up as they go along depending on your department. If you were part of the 178, did you manage to negotiate anything, or was it a 'take it or leave it' deal? I’m bracing myself because the vibe in the office is completely toxic and I don’t think I’ll be here much longer anyway. I’d rather know what I’m walking into before I start checking LinkedIn obsessively. Any insight would be appreciated, even if it's just 'don't sign the first offer'.

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Comments (2)

0x52c1…6a4f

·16d ago

It really depends on your level and how long you have been with the company. From what I saw during the recent layoffs, they are playing hardball. Most people are getting the bare minimum required by law, and management is framing it as a take-it-or-leave-it situation. Don't expect any generosity here; they are clearly focused on trimming costs rather than taking care of long-term employees. If you have any leverage, like a pending project or specialized knowledge, try to negotiate, but prepare yourself for a firm no.

0x532e…653d

·16d ago

I was part of the recent cuts and the process was honestly a total mess. There was zero consistency between departments. I managed to squeeze out a few extra weeks of pay, but it required a lot of back-and-forth and pushing back on their initial offer. Do not just sign the first document they shove in front of you. Consult with an employment lawyer if you can, because their standard package is insulting considering the years of service most of us put in. Keep your head up and document everything while you are still inside.