Most of them were performance related and some of the opens were eliminated due to budget. Severance - 3 months salary which will be credited every upcoming month for 3 months + last month salary drawn * no of year of service at Mastercard + bonus for current year and RSUs. It’s almost equal for 6 months of salary. TC - 387k #severance #layoff
Are they still going on? Or did it already happen?
Apparently they are done in NAM region. I am not sure about other regions. I know of 5 people personally who got impacted they were VP and SVP.
A 10% layoff is nuts if actually true. Idk anyone who got laid off yet, so it seems like quite a high percentage. But hopefully you’re right that NAM is done.
Check this out https://www.reddit.com/r/Layoffs/s/VyHJ7Ool1G
There is no way 10 percent were cut. It would be all over the news.
Is that severance package for new grads too?
Everytime blinders see this TC and feel MC pays well which is opposite. All 300k+ TCs are Principal SWEs and above because even Senior SWEs do not get RSUs. lol
There are very few principal and above swe at Mc
Mastercard pays 387k?
500k is the new 300k. So i think its ok Tc 367k
So they pay faang level?