5 ms·
This is a great severance plan. 1. 4 months pay + 1 week per year of tenure. 2. Receive Q4 vests. 3. Upcoming approved leaves paid in cash. 4. Year-end bonuses
by golly_ned 2y ago
This is a great severance plan.
1. 4 months pay + 1 week per year of tenure.
2. Receive Q4 vests.
3. Upcoming approved leaves paid in cash.
4. Year-end bonuses paid.
5. Keep company devices.
- insane_dreamer 2y agoYou know what's better than a great severance plan? Keeping your job.
- onlyrealcuzzo 2y agoNot necessarily. If you're actually good at your job, you typically end up with an even better job: https://hbr.org/2018/10/research-when-getting-fired-is-good-for-your-career https://hbr.org/2018/10/research-when-getting-fired-is-good-...
- MeetingsBrowser 2y agoThe linked article is specific to executives and kind of confirms what most are complaining about here. > a 10-year study of over 2,600 leaders showed almost half (45%) suffered at least one major career blow-up — like getting fired, messing up a major deal, or blowing an acquisition. Despite that, 78% of these executives eventually made it to the CEO role. An executive can make a series of awful decisions and still advance in their career.
- onlyrealcuzzo 2y agoMost employees can as well - IFF you move to different companies.
- MeetingsBrowser 2y agoI think its tough to argue that getting laid off is a net-benefit for your career most of the time.
- John_Cena 2y agoYeah I end up with like twice the salary, but the job search is always the worst parts of my life.
- insane_dreamer 2y agoIf that holds true (and not sure that it does), then it also holds true for when you decide to get another job, on your own terms, rather than being forced into it.
- johnnyanmac 2y agoSeeing the article dating 2018 told me all I needed to know about how out of touch it is with the current market. I wouldn't wish for you to get laid off to understand thee current circus, but I'd urge you to at least spend maybe an hour in some of the "Who wants to be hired" threads to understand the scale of the impact, and how even HN workers can be struggling.
- gcr 2y agoYou can’t be serious. This package sucks specifically because of the healthcare. Industry standard is to offer 18 months of COBRA, not 6. Job searches frequently take way longer than that. COBRA is a huge deal for departing employees. My single largest expense is health insurance for my partner and I, more so than even rent.
- johnnyanmac 2y ago>Industry standard is to offer 18 months of COBRA, not 6. Job searches frequently take way longer than that. job searches taking 6+ months is exactly why this whole process is broken. I I could get quick rejections and considerations, being laid off wouldn't even be that bad.
- 7thpower 2y agoIt is a great deal. The core demographic of HN has been very fortunate and does not understand what the norm across industries is.
- johnnyanmac 2y agoThe "core" demographic of HN probably sees this as standard, if they were ever laid off to begin with. The commenters at the very least seem to be (or claim to be) on a very high end of tech that doesn't realize that not all US layoffs give you 3 months severace standard.