Many have asked, here it goes: Axed today but will stay an employee until 4/1... At that point they will give me two month payment as severance and I will get 5 more weeks for 5 years I spent here. I've got a grant of 2000 USD to cover Cobra payments for me and family. I will be eligible for bonus (we'll know more after they release financial results in a few weeks)... Overall, pretty solid but nothing spectacular like some other tech companies do (e.g. 1 year of pay, 1 year of medical, vesting, etc.)... My unvested RSU stock will be returned to VMware.
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lol, they switched to "unlimited" vacation, which means no vacation payouts ever.
Was your unused vacation included?
So the package is that you'll get your regular salary until 4/1 and additional 2 months + $2000 + a week for every year?
or just 2 months + $2000 + a week for every year
Laid off today, too. Sales in Austin got a dramatic cut. All professional services were let go as well.
He used "Technical Incident Eng" as his handle, so I guess that's the group
That is the standard for VMware. I know someone who was laid off last year. That person got the exactly the same package.
That really sucks. What part of the business are you in?