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Severance package question - what to expect?

0x7036…5650

·58d ago·2 comments

Hypothetically speaking, if Pfizer *were* to announce layoffs (again!), what's the standard severance package like? I've been with the company for 4 years, in a marketing role, and I'm trying to get a sense of what I might be entitled to if the worst happens. Is it based on tenure? Do they offer outplacement services? Any insight from people who've been through it before would be greatly appreciated. Trying to be proactive and prepared, just in case the rumors are true. Also, does anyone know if they typically offer voluntary packages before mandatory ones? Trying to decide if I should jump at the opportunity if it comes up.

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Comments (2)

0x3ef5…7b77

·58d ago

Typically, severance at Pfizer is tenure-based, often one to two weeks of pay per year of service. Four years should get you a decent package, plus accrued vacation payout. Outplacement services are usually offered, which can be helpful for resume writing and job searching. Keep an eye on internal job postings too; sometimes they offer transfers before resorting to layoffs. Good luck – I hope you don't need the severance!

0x7371…407f

·58d ago

Honestly, don't bank on much. Pfizer is known to be fairly tight-fisted when it comes to layoffs. While tenure certainly factors in, they often cap the maximum payout. Start updating your resume *now*, and quietly network outside the company. Don't rely on their outplacement services to land you a new gig; be proactive. The rumors are always swirling, and it's better to be prepared to jump than be pushed.