Does it continue to get smaller and smaller? Curious if some higher levels are getting better deals. What is total impact to workforce this time!?
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Severance is based on job level not number of years of service. So a director that had been with the company for a year or two will get more weeks of severance than a Sr. Engineer with 20+ years of tenure.
Fwiw, US severance in the Nov RIF did not take tenure into account, only level. At least, that was the case in CA.
So sorry to hear this is happening again so soon, with all the other layoffs impacting the job market.
Do we know yet whether this new one triggered WARN for any CA employees? I don't wish for a larger RIF, but I do wish folks the 60-day notice.
in US, friends and families hired in at director and above 16 weeks up to 26 weeks, everyone else much much less
Is it correct some of these packages vary by country as well? Or is it the same package as long as your country of residence doesn’t have a legal minimum severance that is higher then the employer’s package?
I got 14 weeks and subsidized cobra (you only have to pay how much you're currently paying and Teradata covers the rest). There was a table in the documents they sent showing how much severance you get by seniority level so it does vary, minimum was 8 I believe
yeah i think it depends on tenure but its capped at like 10 weeks. A few yeas back they were trying to cap it at 4
That cannot be 10 weeks for everyone I assume. I have seen companies do 1 to 1.5 weeks per year of employment with a cap of 12 weeks. It is not a flat 10 weeks regardless of tenure, correct?
10 weeks severance pay and no insurance after 2 weeks (unless you pay for cobra)
I don't think its finished yet.