I'm notified today to be let go.
I'm told Broadcom has a standard severance package, which is two week's pay for each full year of service in the company.
Did anybody ever negotiate with the standard package?
Do we have to give up all RSUs?
Can we delay the payment until next year when my income and hence my tax rate will be lower?
Lol, hey tan man, can you please offer us a Voluntary early retirement program (VERP) package? pretty please
Hello hock here - answer is no. Byeeee
What possible leverage would you have to negotiate on
They are not going to delay your payment. Broadcom gives zero sh–s about your tax situation and wants you off the books as soon as possible.
what I mean is if I delay the payment to next year, do I need to worry about Broadcom changes mind and stop the payment?
Thank you guys.
Can we delay the payment until next year when my income and hence my tax rate will be lower?
Isn't severance usually some base number of weeks plus two weeks for every year of service.
Are you guys smoking crack...?
Take it or leave it.
And if you don’t know who Charlie is....
who is Charlie?
Do you know if anybody was able to negotiate a better deal than the standard one?
The bad of the standard one is that you have to leave all unvested RSUs void!
Sure, and you can choose whether to negotiate your package with either Hock or Charlie.
No, its take it or leave it.