Comment by gcr
2 months ago
Not in tech. Larger severance packages are common.
Going forward, I wonder if severance packages should be a point of competitive recruiting advantage
2 months ago
Not in tech. Larger severance packages are common.
Going forward, I wonder if severance packages should be a point of competitive recruiting advantage
Are smaller tech companies also commonly doing larger severances? I've only been laid off once and its when the company was basically out of money, but my understanding was always that it was only FAANG and similar that considered larger severance packages.
They are for CEOs and have been for decades. We call them "golden parachutes", and a lot of people hate them.
I assumed we weren't talking about CEOs though. Can't say I've ever heard of a CEO being impacted by layoffs.
CEOs get fired once in a while. It is different but the same.
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