Severence Pakage Amazon
Whats the severence package given to employees laid off in Jan 23 from Amazon, the news reports says 5 months pay, is it that strainght forward
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2 months on normal payroll + 2 months of base salary + 10 weeks of severance + 4.5% of annual base pay for every year I served here + annual leave encashment
You get 2 months to find a new job internally or externally, if you get a job internally you obv don't get the rest of the benefits.
After 2 month is over you are paid severance.
Base severance is 10 weeks plus 4.5% of annual base pay for every year you spent here (pro rata). 4.5% of annual for 1 year means 2.3 weeks for every year u worked.
But Indian labor laws also require to pay 2 months after layoff so we get extra 2 months.
Overall noticed many got ~6 months salary
That's cool