Watched my director get the axe, but they gave him 6 months of base severance and another 1 month for every year he worked there. He was also allowed to collect / accelerate his stock vesting to include a full 12 month period AND let him keep health insurance for 6 months.
I mean shit, I’d get laid off every month if that was the deal.
Dude had another role lined up 6 weeks later anyway and banked all that cash.
They don't get laid off... They get retired. Tbh if they make 1M+ a year for like 10+ years, plus whatever they made before that... Why would they care anyways
Perhaps on mobile. On a laptop display, where it was composed, it’s a normal sized paragraph :) When I use Blind on my phone I keep posts to under 160 characters.
Yes at a different company. Not in tech, but usually everyone is on the chopping block when it comes to layoffs. VPs usually get really nice packages to walk away.
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Watched my director get the axe, but they gave him 6 months of base severance and another 1 month for every year he worked there. He was also allowed to collect / accelerate his stock vesting to include a full 12 month period AND let him keep health insurance for 6 months.
I mean shit, I’d get laid off every month if that was the deal.
Dude had another role lined up 6 weeks later anyway and banked all that cash.
I wouldn’t worry about folks at that level.