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Layoff Report

Severance packages for the Dec 2 cut - what are people seeing?

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0x7036…5650
·3d ago·1 comments
With the 84 folks officially let go on Monday, I’m curious if anyone here was part of the group or has a close contact who was. How are the severance packages looking this time around? Are they actually offering meaningful bridge support, or is it just the bare minimum they’re legally required to provide? I’ve heard whispers that they are trying to keep things very quiet and pushing people to sign waivers immediately. Don’t rush into signing anything without reviewing it thoroughly. It’s a gut punch to see this happen right before the holidays, especially for those who put years into the company. If anyone has details on the benefits extension or outplacement services offered, it would really help those of us still waiting for the other shoe to drop. Stay safe out there, everyone. This place isn't what it used to be.

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Comments (1)

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1C
0x1cd8…e6e5
·3d ago

The package I saw was definitely on the lean side. They’re really leaning into that 'bare minimum' strategy to keep costs down, and the pressure to sign the waiver quickly is palpable. It feels like they are counting on people being panicked enough to just take the first offer without asking questions. If you’re affected, please take the extra time to have an employment lawyer look it over before agreeing to anything. Once you sign that document, you lose all your leverage, and they know it.