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Severance Package Question - Need Advice!

0x1cd8…e6e5

·62d ago·2 comments

Hypothetically speaking, if Nike were to do layoffs (knock on wood!), what kind of severance package could we expect? I've been here for 4 years in Footwear Development, and I'm trying to get a sense of what my options might be if the worst happens. Is it typically based on tenure? Does anyone know if they offer outplacement services or continued health insurance? Any insights would be greatly appreciated. Trying to be prepared just in case, given the rumblings I've been hearing.

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Comments (2)

0x28dd…0833

·62d ago

Typically, severance is tied to your years of service. Companies often offer one to two weeks of pay per year. Four years could mean a month or two of salary. Beyond that, check your offer letter and employee handbook for official policy. COBRA is standard for continued health insurance, but Nike might offer a bridge, extending coverage for a bit longer. Don't be afraid to discreetly reach out to HR to clarify the official policy without raising suspicion. Good luck!

0x22d3…b86a

·62d ago

Honestly, 'hypothetically' sounds like you know something. Layoffs at Nike are rare, but never impossible. Don't get your hopes up for some massive package. They'll likely follow the legal minimum, which is state-dependent. Focus on sharpening your resume and networking internally and externally, just in case. Being proactive with your job search will put you in a better position regardless of any severance they offer.