Which is the only good thing about all of this, since it's always my biggest fear when it comes to layoffs.
5 replies (most recent on top)
It exactly true, I know multiple people who were given 1 year severance and 1 year insurance during CDA. I’m hoping they will do that again
There’s a formula for severance. Typically it’s 2 weeks of pay for every year at the company, capped at 6 months or 26 weeks of pay unless you hold a Sr. Director or higher position. That’s generous too compared to most other companies. Problem is, in this funky job market it can take 6 months or longer to land a new job. Ask me how I know.
lol no I’ll take my 6 figure salary at a Fortune 500 thanks
Go away HR troll!
Says who? Severance is often different for everyone depending on the reorg, level, tenure, etc. what’s your benchmark?