4 ms·

Not in tech. Larger severance packages are common. Going forward, I wonder if severance packages should be a point of competitive recruiting advantage

• bluGill 5mo ago
  They are for CEOs and have been for decades. We call them "golden parachutes", and a lot of people hate them.
  • _heimdall 5mo ago
    I assumed we weren't talking about CEOs though. Can't say I've ever heard of a CEO being impacted by layoffs.
    • bluGill 5mo ago
      CEOs get fired once in a while. It is different but the same.
      • _heimdall 5mo ago
        Not as part of a layoff, though yes they can get fired. If they play their cards right apparently they can also be rehired days later and install a board that better suits them.
• _heimdall 5mo ago
  Are smaller tech companies also commonly doing larger severances? I've only been laid off once and its when the company was basically out of money, but my understanding was always that it was only FAANG and similar that considered larger severance packages.