Layoffs
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JumpyRaccoon
39moby
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
39mo
India has severance?

BouncyBagel
39mo
Usually it's whatever is mentioned in your employment contract

WobblyPotato
39mo
Some companies I know gave the salary of the notice period and unused leaves (excluding sick leaves)

SquishyLlama
39mo
Majority of the companies give you your experience letter with good recommendation as severance
Rest pay you your notice period

JazzyNugget
38mo
5 months base pay as Severance at Cisco. (i.e. 2.5 months full salary)

CosmicRaccoon
38mo
Some companies add one month of additional salary for each year with the firm on top of notice period salaries and unused leaves.

JazzyBiscuit
39mo
2-3 months seems to be the average in most of the Indian companies i have spoken to
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