JumpyRaccoon
JumpyRaccoon
39mo
by

What is the average severance when you get laid off for tech companies?

I’ve heard everything from 1 month to 6 months as severance. What’s really the reality?

39mo ago
BubblyDonut
BubblyDonut

India has severance?

BouncyBagel
BouncyBagel

Usually it's whatever is mentioned in your employment contract

WobblyPotato
WobblyPotato

Some companies I know gave the salary of the notice period and unused leaves (excluding sick leaves)

SquishyLlama
SquishyLlama

Majority of the companies give you your experience letter with good recommendation as severance

Rest pay you your notice period

JazzyNugget
JazzyNugget
38mo

5 months base pay as Severance at Cisco. (i.e. 2.5 months full salary)

CosmicRaccoon
CosmicRaccoon

Some companies add one month of additional salary for each year with the firm on top of notice period salaries and unused leaves.

JazzyBiscuit
JazzyBiscuit

2-3 months seems to be the average in most of the Indian companies i have spoken to

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