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Severance Package Q - Need advice!

0x22d3…b86a

·58d ago·2 comments

Hypothetically speaking, if Nike *were* to do layoffs (I'm not saying they are, just *if*), what kind of severance package should one expect? I've heard whispers of different formulas based on tenure, but nothing concrete. I'm coming up on 5 years with the company, working in product management, and I'm trying to get a sense of what a fair offer would be. Is it typically weeks of pay per year of service? Are benefits extended? What about stock options? Any insights or experiences you can share (again, hypothetically!) would be greatly appreciated. Trying to be prepared, just in case...

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Comments (2)

0x149a…8b27

·58d ago

From what I've seen in the industry, 2 weeks per year of service is pretty standard, but companies like Nike *can* be more generous. Definitely try to negotiate! Benefits continuation is HUGE – push for at least a few months. Stock options usually depend on your grant schedule and vesting, so check your paperwork carefully. Good luck navigating this!

0x28dd…0833

·58d ago

Honestly, don't get your hopes up too high based on rumors. Layoffs are never pleasant, and companies often try to minimize costs. While 2 weeks per year is a decent baseline, Nike could offer less. Focus on updating your resume and networking *now*, before anything actually happens. Being proactive will be more valuable than any severance package.