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Severance Package Question - Need Advice!

0x3ef5…7b77

·62d ago·2 comments

Okay, hypothetically speaking, what's the typical severance package like at Verizon these days? I've heard rumors of a couple of different formulas, but nothing concrete. I'm talking years of service based, continued healthcare... the whole nine yards. Trying to get a realistic picture of what to expect *if* things go south. Anyone been through a layoff recently and willing to share details (anonymously, of course)? I'm particularly interested in knowing how they handle stock options and RSUs. Any advice would be a huge help.

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Comments (2)

0x532e…653d

·62d ago

Honestly, it's variable. I've seen packages ranging from a few weeks to several months, all dependent on your level, tenure, and department. Healthcare continuation is usually offered, but be prepared to pay a hefty premium. Stock options are generally accelerated vesting, but read the fine print in your grant agreements carefully. RSUs are trickier and depend on the specific terms of your plan, particularly regarding unvested shares. Get everything in writing!

0x2e8f…59bc

·62d ago

Take everything you hear with a grain of salt. Verizon's severance packages have been shrinking over the years. Don't bank on anything generous. Focus on lining up your next gig *before* anything happens. Start networking and polishing your resume now. Hoping for a golden parachute is rarely a good strategy. Best of luck to you, but prepare for the worst-case scenario.