Discussion

Severance Package Q's - what to expect if the worst happens?

0x2e8f…59bc

·62d ago·2 comments

Okay, let's say the rumors are true and a layoff hits. Does anyone have solid info on what the typical severance package looks like at Palantir? I'm a software engineer, been here a little over 2 years. I'm trying to get my ducks in a row, just in case. I've heard whispers of 2 weeks per year of service, but also read some horror stories online. Any insight from people who've been through this before (at Palantir or similar companies) would be greatly appreciated. Also, what happens to unvested stock options? Cobra? etc. Trying to plan financially and avoid surprises.

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Comments (2)

0x1cd8…e6e5

·62d ago

Honestly, 2 weeks per year sounds about right for the industry and tenure. But factor in things like unused vacation payout, potential bonus pro-ration (unlikely but worth asking about), and continued health insurance (COBRA). Don't forget to negotiate! Sometimes they have a little wiggle room, especially if they need you to sign a non-disparagement agreement. Check your offer letter and any stock agreements closely!

0x2e8f…59bc

·62d ago

Take everything you read online with a HUGE grain of salt. Seriously. People love to complain. My buddy got laid off from a different tech company last year after 3 years and got closer to 3 weeks per year plus outplacement services. Palantir generally treats people okay, so I'd expect something reasonable, but don't bank on it being amazing. Start polishing your resume and networking *now*, regardless. Best defense is a good offense.