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Work in a European country where severance is based on years employed. When Nokia started downsizing in Finland, I heard of several old-timers (ICs, not senior
by rippercushions 4y ago
Work in a European country where severance is based on years employed. When Nokia started downsizing in Finland, I heard of several old-timers (ICs, not senior execs) getting severance payments worth several years' salary.
- wil421 4y agoThis is somewhat standard in the US. I’ve worked for some companies I thought of as cheap or not so great but they both paid out some hefty severance packages based on years of experience. Some ex-coworkers got 24 months of severance based on the years of employment. HN leads me to believe that SV companies don’t do severance and just fire you at a whim but I wouldn’t say it’s the norm.
- datatrashfire 4y agoThe norm is 6-12 weeks in my experience. I have never heard of 104. I think that's unusual.