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
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
Microsoft has lost all respect from me today. Guys please spread the word so that all come to know reality.
I am writing this post on behalf of my friend who is still in bad mood having mental trauma.
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SEVERANCE PACKAGE: Those who have been laid off in the last 1 year or those who know their colleagues are getting laid off.
Kindly comment below
Company Name, How many months of salary was given as severance, any other details wrt layoff.
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