Layoffs of one percent of workforce might sound low for some companies, but we have around 70,000 employees, which means that a minimum of 700 people are being laid off (and from what I'm hearing, it was even higher than that). I'd say that's certainly not insignificant.
I wouldn't be surprised if the number keeps growing in the following days, as well.
Severance was one week of pay for every with minimums based on grade level. Many long term employees. Andy Cecere should be ashamed of himself for reversing all Richard Davis’s good karma.
Severance was one week for every year of service haha a joke. They make you sign a NDA as well.
What are the severance pay packages being offered? The girl I know worked there 3 years (I think) and try offered her one months pay
Here in the fray, it's definitely higher than that. IT is affected for sure.