Negotiating Severance Agreement
Does anyone have any info on Apple’s severance policies or negotiating severance pay?
I found out Apple is eliminating my job position in 2 more weeks and offered me (and other people in my position) the option to take severance or transfer to a new position. The new positions were not very desirable and after over years 10 years working at Apple, I’ve decided to leave.
They are only offering me 8 weeks severance and 8 weeks employer cobra payments.
This doesn’t seem fair. Does anyone else agree. I thought I should be getting at least 2 weeks per year worked. Also, I’m not getting any non vested RSU, including my RSU which is scheduled to vest October 15th (less than 8 weeks after my last day, so it’s inside my severance period).
I appreciate any advice or if anyone could help me out. Any ideas on what I should be asking for or what is reasonable. Does Apple have a standard severance formula?