Good luck people, no details on the package but whats in share point. I was told its 12,000 total will be notified this week. On to the next job…
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FYI, From the earlier round, Hope to help out clear some uncertainty in the future.
Notification date May/17
Termination date July/18
Severance pay date August/11 (direct deposit, lumpsum)
I know how much it su-ks and hurts. It still does. My performance review was great. I was promoted last fall. No one could figure out why I was hit including my manager. Random drawing?? Well it's still embarrassing. But the job market is really bad!! So far no luck for me and others who got laid-off from earlier round. That's the scary part!
"Has anyone heard from HR in regards to their package? I just know last day 10/18 and will be paid until 12/13. Will they pay that out in a lump sum or over time?"
In the USA, 60 days pay and benefits, 1 month EDD claim in the interim and then you get a lump sum of your severance (after Uncle Sam takes his cut)
Has anyone heard from HR in regards to their package? I just know last day 10/18 and will be paid until 12/13. Will they pay that out in a lump sum or over time?
Does anyone know pkge? Got notification with nothing from HR
My team was about 40 people out,
In my division (smaller one), the budget was decreased by ~35%, from approved annual FY23 budget. This was gradual (but fast).
Don't expect the same reduction in mobile or Automotive.
Mobile perf team
MST stability hit hard
I heard 47K affected.
Is it true?
Scary
What team ?
Sorry to hear that. Anything else they said? How big was your team?
Do you suggest the impacted will get notifications throughout the end of the week?
BS, that's over 20% of the company