Intuit has limited budget for severance package.
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@k0 16 + (2 x years)
It's public knowledge, there's a gh repo in the Intuit organization with the info
It's something like 12 + (2 x years at company) weeks
It’s a different line item on the balance sheet and more or less a write off. I would expect much different than 2024.
@br I don’t fully disagree. But I’m maybe (naively?) hopeful that there is at least some long term thinking involved here. Intuit is not exactly a prestigious company, and doing more to further the image that this isn’t a great place to work would be pretty disastrous. But maybe I’m wrong and they want to fully embrace being a shithole
From a cruelty perspective I think we are leaning toward Oracle don't you
Based on what exactly? Given that pretty much every company (except for Oracle) has given generous packages (Block, Cloudflare), I don’t expect Intuit’s to be notably bad. Last time was what I would call pretty good (60 days “working”, 16 weeks pay, bonus, stock vests, and then 2 more weeks per year worked). I don’t see why they wouldn’t do something similar this time. They’re clearly profitable and given the timing, neatly bookends the fiscal year so it won’t drag on earnings going forward