I am one of the 12k laid off today. Nearly half my team was cut (team is under Assistant org). I've only been at G for less than a year but I heard of a founder of another org with a 10 year tenure being let go as well. My attitude: sweet severance thanks! ––––– Here's the severance package I received: Compensation: You’ll be paid during the full notification period (minimum 60 days). You’ll also receive a severance package starting at 16 weeks salary plus two weeks for every additional year at Google. Stock: We will accelerate GSU vesting, starting at 16 weeks plus two additional weeks for every full year at Google. Bonus: You’ll receive your 2022 bonus. You should have already received 80% of your on-target bonus, and you can expect the remainder in March. PTO: You’ll be paid for any unused vacation. Healthcare: Your existing health insurance will continue through the last day of the month of your end date. You’ll also receive a 6-month cash healthcare subsidy for medical, dental, and vision expenses after that*. As well as job placement, immigrant support (US citizen so I'm ok), and mental health support. TC: 320K YOE: 12 UX #severance #layoff
Pretty sweet parachute tbh
You should chill now for a month or so with that severance and get refreshed to get back on job market
Right when everyone else is interviewing.
So you still have to work for 60 days?
This is so much better than Amazon
Jealous of this sweet package
So it’s 24 weeks of pay plus additional based on tenure. That’s the best severance I have seen.
More accurately: 10 weeks employment till March 31 + 16 w core severance + N*2 tenure severance + 7.5 weeks max PTO accrued For 9 years with max PTO, it’s 52 weeks (not laid off, none in my team)
Does the +16 weeks start on April 1? Because damn that is basically now until August of free pay.
What does this means: We will accelerate GSU vesting, starting at 16 weeks plus two additional weeks for every full year at Google??
Googlers get stock refreshers every year. The vesting schedule allows for some stocks to be vested every month. This clause means they will let all the future 4 months stocks vesting to happen today instead of in next 4 months. Plus, they will allow 2 weeks for every year at Google.
Got it. What about the RSU an individual receive at the time of joining?
Am I right in saying you can reapply to work at Google in the future?
Half of the Google Assistant team is let go?
Half of my specific team, not sure of whole assistant sorry that was unclear I’ll edit
Stay strong God is great
All the time