30 day notice
30 day pay in loo
1 month cobra
Sign waiver and get
3 months pay
4 months cobra
Outplacement help.
14 replies (most recent on top)
Packages getting worse
Thanks OP - it's useful
GES = Global Enterprise Segment (Sales)
What is Global Enterprise Segment (GES) ? SW Development? Under whom?
Targeting 11s and 12s. At least 55 heads will roll in Karen's org.
Managers have been requiring people take at least 4 days PTO a quarter. At least in my Op.
@vqr - Actually seems smart in an environment like Cisco. Good insurance policy
Meetings are scheduled today to brief everybody about the layoffs. GES (Global Enterprise Segment) seems to have been hit hard. A lot of VERY talented people hit.
If you feel you need to hold onto PTO for fear of an LR, it's time to work elsewhere...
There is a week for each year past 10.
You sign away right to sue for termination stuff.
What rights do you have to give up signing the waiver?
Is there no extra week of salary per year beyond 10 years at Cisco?
Pro Tip: Always keep that PTO balance maxed-out. When (not if) you get hit by the 'shadow sniper' they have to pay it out to you in cash. At 240 hours max (in USA), that is real money you can add to your package.
Wish they would give the opportunity for voluntary early out like they did years ago. I think the magic number back then was 60 (at least 50yrs old and 10yrs with the company). I can't remember the package but it was a lot better than 3 months pay.