Thread regarding Medtronic Inc. layoffs

Severance eligibility for recent hires

I started here not too long ago, and with all the talk about more layoffs, I'm trying to figure out what my situation would be if my name came up. Does anyone know whether people who've been here less than a year typically qualify for severance, or is that something that only kicks in after a certain amount of time?


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Post ID: @OP+1krm58nag

4 replies (most recent on top)

The severence policy is available on the HR portal.

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Post ID: @hr+1krm58nag

60 days paid + 4 weeks severance + 3 months COBRA subsidy is the minimum

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Post ID: @cw+1krm58nag

60 days plus 2 weeks for every year served. If less than a year, you would get the sixty days only.

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Post ID: @b5+1krm58nag

If you’ve been there less than a year I would say they wouldn’t offer it.

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Post ID: @ax+1krm58nag

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