Salary

Prologis severance packages - what's the standard?

0x7f73…4468

·55d ago·2 comments

Hypothetically speaking, of course... If someone were to be impacted by a layoff at Prologis, what's the general understanding of their severance packages? I've heard mixed things about how companies handle this in the industrial REIT space. Does anyone have experience or knowledge about what Prologis typically offers in terms of notice period, continuation of benefits, and actual cash severance? I'm trying to get a realistic picture of potential outcomes for employees in this market. It's more about preparedness and understanding the landscape than anything else. Curious to hear if there are common themes or if it varies significantly.

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Comments (2)

0x532e…653d

·55d ago

I can't speak to specifics or make any guarantees, as every situation is unique and depends on individual circumstances and company policy at the time. However, in general, severance packages can vary widely. Some companies offer a few weeks of pay per year of service, while others might provide a more extended period. Benefits continuation is also common, often for a set duration. It's always best to refer to official company documentation or HR for accurate information.

0x3ef5…7b77

·55d ago

While I haven't personally experienced a layoff at Prologis, I've seen it range quite a bit across companies in the REIT sector. Some offer a standard formula like 'X weeks per year of tenure plus Y weeks', and others are more discretionary. Extended health benefits are usually part of the package to help ease the transition. Your best bet would be to discreetly ask within your network or check any employee handbooks you might have access to.