A coworker found out he was getting PIP’d for end of year performance but hasn’t had his meeting yet. He is planning to ask for a severance package. From what we understand, it’s two month’s pay, followed by a 12 week severance lump sum payout and 6 months of cobra, if it’s performance related and 20 weeks payout if it’s job elimination. But I just found out someone else I knew only received eight weeks of severance and was not offered any cobra coverage. Has anyone else heard of that and why that would be? We are all terrified in our org.
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The details are outlined on pulse. The payout is based on level so not everyone will get 12 weeks.
Yes, if you opt OUT of the PIP you still get the 60 days + severance
What if you’re PIP’d but decline the PIP and ask for a package instead? What do you get then? Still 12 weeks?
12 weeks is if you're at the manager/senior manager level, 16 weeks if you're a director. I'd assume if you
It isn’t negotiable. It’s a set amount by level. Cobra is always offered.
It varies by job level too.
You have to negotiate. From what I understand if you are PIP'd then fired you can only get 12 weeks severance.