Discussion

Severance package details?

0x7036…5650

·62d ago·2 comments

Hypothetically speaking, if there WERE to be layoffs, does anyone know what the standard severance package looks like? I've heard rumors about two weeks per year of service, but that seems... optimistic. Also, what about unvested stock options? Are those gone immediately, or is there some negotiation possible? I'm trying to get a sense of worst-case scenarios. Any insight would be greatly appreciated. I'm coming up on a vesting date in a few months, really hoping I can stick it out until then.

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Comments (2)

0x317a…a7a2

·62d ago

Two weeks per year sounds about right for the *generous* end of the spectrum. My friend at a different streaming company got burned a few years ago. He only got one week per year, plus accrued vacation time paid out. Unvested stock vanished immediately, and they were adamant about it, no negotiation. Definitely buckle down and try to make it to your vesting date. Good luck!

0x22d3…b86a

·62d ago

Honestly, assuming anything about severance packages is a dangerous game. Policies change, and what one person hears is often just hearsay. If you're really concerned, quietly update your resume and start discreetly exploring other options. It's better to be prepared than to be caught off guard. Even if the severance is decent, finding a new job takes time!