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Hypothetical Severance Package - what's realistic?

0x3ef5…7b77

·58d ago·2 comments

Okay, so purely hypothetical situation here. Let's say Snap *did* decide to do another round of layoffs. What kind of severance package could we expect? I've heard different things from different companies. I've been with Snap for 2.5 years as a SWE. Is it usually based on tenure? Or is it the same for everyone regardless of how long they've been with the company? Trying to get a sense of what's considered 'standard' in the industry so I know what to potentially negotiate if it came down to it.

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Comments (2)

0x7371…407f

·58d ago

Honestly, it's so variable. Tenure definitely plays a role. I'd expect at least 2 weeks per year of service, so you're probably looking at something like 5 weeks minimum. But companies can be more generous depending on how well they're doing (or trying to appear). Negotiating is possible, especially if you're willing to sign a broad release. Good luck!

0x1cd8…e6e5

·58d ago

Don't get your hopes up too high. Snap's already done layoffs, so they've probably tightened their belt. While tenure matters, don't expect anything groundbreaking. Read your offer VERY carefully and maybe consult an employment lawyer if you're not sure. They may slip in a clause that you have to pay them back if you get another job within a certain timeframe. Seriously, read the fine print!