Comment by retired
10 hours ago
Unemployment benefits is something you build up during your career, not just your current employer. For each year in employment you get one month of unemployment. The limit is 24 months.
And with the current job market, someone with ASML on their resume probably isn't on the bench for more than six months.
>And with the current job market, someone with ASML on their resume probably isn't on the bench for more than six months.
I think that heavily depends. If they're just a laid off manager without a strong network or industry connections at other major semi companies, then they might be shit out of luck since in the current economy, there's little to no demand for companies to hire more management.
On the contrary, many companies now are laying of their own managers too and not hiring new ones. If they need management tasks they tend to give them to existing IC staff instead of hiring dedicated managers from outside, which IMHO might be a good thing.
The current job market for managers does not look great since Elon let that sink in.
That changed in 2016 to 0.5 months per year.
After the first ten years of employment. You also have CAOs (collective labour agreement) that are more favourable. It all depends on your work history, what CAOs you worked under and when you started work.