3 ms·

WOW what a story. And what an epic layoff package ;)

• brightball 4y ago
  The teleco I used to work for gave people 2 weeks pay for every year a person was with the company when they had post merger layoffs. I don’t know if there’s a standard but that seems to line up pretty close.
  • duxup 4y ago
    Yup that was roughly the number they used / how it worked out.
  • brycewray 4y ago
    In my case, was one week for every year — so 16 weeks for (just short of) 17 years.
• UncleOxidant 4y ago
  9 months after 20 years doesn't seem particularly great. Heck, I got 6 months severance + 6 months of paid health insurance after being at a large corp for only 2.5 years - it was a buyout, ie. they were asking for volunteers to take severance to leave so they wouldn't need to do an actual involuntary layoff later. Seemed like a great deal and I had another gig 6 months later so it was kind of an extended vacay.
  • cableshaft 4y ago
    At my last corporation, they had severance set at 1 week of pay per year worked, up to a max of 4 weeks for 4 years worked. It all depends on the corporation.