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The headline numbers: They're cutting 40% (edit: the post actually says "nearly half") of the workforce (4k out of 10k). That's huge. The severance is 20 week
by triceratops 8mo ago
The headline numbers:
They're cutting 40% (edit: the post actually says "nearly half") of the workforce (4k out of 10k). That's huge.
The severance is 20 weeks of pay + 1 week per year of tenure, stock vesting through May, 6 months of healthcare, their corporate devices, and $5k cash.
- peanuty1 8mo agoThey're going from over 10k employees to just under 6k. So more than 40%.
- triceratops 8mo agoAh yeah, that's fair. The post itself says "nearly half".
- peanuty1 8mo agoThat significantly more generous than the 12-16 week severance packages being doled out by big tech during the great layoffs of 2022-2023 if I remember correctly.
- happyopossum 8mo agoIn 2023 Google gave 16 weeks plus 2 for every year of tenure, so not significantly less (and more if your tenure was >5 years), plus google also vested stock for entirety of the 16+ weeks.