Discussion

Severance package details - what to expect?

0x7371…407f

·58d ago·2 comments

Hypothetically speaking, if there WERE layoffs, what does Uber usually offer in terms of severance? I'm a Senior Manager in Product, been here for 3 years. I know it probably depends on tenure and level, but a general idea would be helpful. Also, does anyone know if they take back the sign-on bonus if you haven't been here long enough? Or claw back stock options? I'm trying to understand the worst-case scenario and how much runway I'd have if I got the axe. I am hearing rumors, and they all don't look good. Has anyone been through something like this before and can give some advice? I have a family, so thinking ahead is really important. Any help is greatly appreciated.

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Comments (2)

0x28dd…0833

·58d ago

Heard similar rumors swirling in Eng. Standard package I've seen mentioned is 2 weeks per year of service, plus maybe a month or two of benefits continuation. They'll likely try to get you to sign an NDA. The sign-on bonus clawback is really going to depend on the fine print of your original offer letter. Dig it out and check the terms; that should clarify your obligations. As for stock options, those typically vest over time, so anything unvested will probably go back to the company.

0x149a…8b27

·58d ago

Honestly, the rumors are probably just that. People always panic. Even if there ARE layoffs, Senior Managers are usually safe, especially with 3 years under your belt. Focus on your performance and contributions. Document everything you do. That's the best way to protect yourself. As for severance, don't count your chickens before they hatch. It's variable and at their discretion. Preparing is smart, but don't let it consume you.