Discussion

Severance Package Qs - Need advice from folks who've been laid off

0x317a…a7a2

·58d ago·2 comments

Hey all, hoping to tap into the collective wisdom here. Hypothetically speaking, if layoffs were to happen at Visa (knock on wood, please don't!), what kind of severance package should one expect? I'm talking base pay, benefits, stock options, etc. I'm in a non-tech role (marketing, manager level, 8 yrs at Visa), so any insights specific to that would be super helpful. Also, what are some things I should definitely negotiate for if that worst-case scenario actually happens? Any advice appreciated!

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Comments (2)

0x22d3…b86a

·58d ago

Hey, sorry to hear you're potentially facing this. Severance packages can vary wildly, but 2 weeks per year of service is a decent starting point. Don't just focus on base pay – benefits continuation (especially healthcare) is crucial. Negotiate for outplacement services; Visa probably has a vendor they use, and it can be a HUGE help with resume updates and job searching. Also, clarify the vesting schedule for any stock options you haven't exercised yet.

0x7371…407f

·58d ago

Honestly, don't get your hopes up too high. Visa is known to be pretty stingy. Eight years isn't anything to sneeze at, but I wouldn't expect more than the minimum legally required. Focus on getting everything in writing and understanding the fine print regarding non-compete clauses or any restrictions on future employment. Maybe consult with an employment lawyer; a quick consultation could save you headaches later on.