Any one who has been previously laid off willing to share what the redundnacy package was? Did they pay 2,3,4, weeks per year? Etc ? I know the packages may be different globally, but trying to gage what the package is likely to look like?
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In US, 2 weeks per year, min 10,max 26. Doc doesn't say if vesting accelerates
Does anyone know if they accelerate vesting as part of past severance packages?
@fz had a feeling it was capped now. Few friends of mine were laid off in 2023 and shared with me what they got. They got a lot more than what some others got last year. So payouts seem to have for sure decreased. :(
EMEA/Dublin layoff payout was capped at 52 weeks in 2024
@a5 in EMEA they pay 2/3 months of last year total compensation (salary, bonus, stocks) for each year you worked on the company, much better than the US
@bs probably not many people checking here that have been previously laid off. There is a doc out there internally that outlines severance pay, but like most other hr stuff, good luck finding it
Does the company require a NDA or why don’t people discuss this more openly?
2 weeks is absolutely insane. It’s a slap in the face. Most other FIs start at a month and 90 days isn’t unheard of at all.
F this ish
What has the severance package been like in past layoffs for folks who haven’t completed 1 year at PayPal?
This is a good topic , now that we are the week of expected layoff
EMEA is much better than NA I believe. I think NA maybe got around 2 weeks per year of service and EMEA around 4 to 6 weeks per year of service. I doubt too many people who were laid off visit this site but maybe others can say what they heard.