I’ve heard everything from 1 month to 6 months as severance. What’s really the reality?
Usually it's whatever is mentioned in your employment contract
Some companies I know gave the salary of the notice period and unused leaves (excluding sick leaves)
Majority of the companies give you your experience letter with good recommendation as severance
Rest pay you your notice period
5 months base pay as Severance at Cisco. (i.e. 2.5 months full salary)
Some companies add one month of additional salary for each year with the firm on top of notice period salaries and unused leaves.
2-3 months seems to be the average in most of the Indian companies i have spoken to
Such a sad day for all of Swiggy folks out there. 💔 Swiggy’s private feed is full of layoff messages. More power to you guys, Swiggy doesn’t deserve you. You will do better wherever you go. ❤️ Please reach out to me in DM’s if you need...
I don't know why everyone is making a big deal out of layoffs. Even the ones who laid off are not that concerned than the ones who comment.
Laid off employees literally get free money upwards of 10 lakhs in many cases of senior develope...
Hope you get laid-off & get a good severance package! Will see how your job search goes.
Not all companies provide severance. Especially in India, you are considered lucky to receive your FNF Tbh this ...
Companies are having pip and forcing employees to resign on their own so as not to pay severance package. I am aware ...
I am a L4 manager in amazon. My entire team has been asked to go, now i am concerned about my carrer. It ia so sad that our Indian government doesn't support us. My future is now uncertain. I wish we had someone to stand up for us.
First of all government can't do shit. I know you are a European law loving crazyhead since layoffs in Europe are avo...
I agree on having some protections in place by government. Like how u Europe has
After the recent acquisition by UBS. How's the scenario for the current employees of Credit Suisse now?