I've seen some folks reporting 3 weeks per year of tenure and for short-term employees numbers seems to be smaller. I also see that some are reporting that lawyers are advising them to sign. Just curious if we can consolidate what we know about severance for this round of cuts so we can have it here archived for future layoff rounds (I wish I asked this last time too)...
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RSUs will be forfeited. It’s all part of the savings.
For the most part, what this company has offered in the past has been fair. Always still review with lawyer though.
If you feel you have exceptional circumstances (highly specialized skills that make it near impossible to find equivalent employment, for example) could be worth having lawyer prepare a counter.
What happens to RSU’s if you get laid off? Mine start vesting next year. Per the letter of the contract they get forfeited. Curious if that’s others’ experience or whether IOL ends up paying out a certain percent anyway?
Another company I worked at let folks keep the RSU’s (with original vesting schedule) so I was getting a pay out several years after separation even though I was no longer employed with them (large oil&gas)
When i got laid off with IOL, i got ~1 month per year worked. Did not go to an EL since i was told 2 week severance is customary.