Years of Service: 2 years and 2 months at PayPal, San Jose. Employment Termination Date: April 2, 2024. COBRA: Your current health and welfare benefits will remain active through the end of April 2024. PayPal will cover the cost of COBRA payments for 6 months, starting from May 2024. Post-Termination Compensation: A lump sum equivalent to 3 weeks of salary will be paid following your termination date. YOE: 2.5
Sorry to hear that, OP. If you’re looking for a new role, DM me for TikTok / Bytedance
F:&@ Sh*% package. Just 2 mo + 3 weeks ? 😡😡
Jpmc is hiring
Would you be able to refer me?
Eleven weeks of severance for two years with PayPal is decent. Even more important is 6 months of COBRA coverage reimbursement. Best of luck with your job search.
Is 2 months of payroll standard for everyone getting laid off at paypal?
Two months is standard for everyone globally. If you worked for more than 5 years and did not utilise paid sabbatical for 30 days, then the release date will be extended for one more month.
Thanks. A friend of mine got to be on payroll for 3 months 9 days after layoff. Worked for 5+ years yes, but also took her sabbatical.
How about Indian employees?
Probably the bare minimum like everyone else
In the same boat, and got the same severance. Any possibility for us to negotiate on the severance?
3 weeks eh, they are some generous fucks
Not bad, they stay on payroll for 2 months + ~ 1 months lump sum
The 2 months is required by law for WARN. Practically, PayPal is choosing to only give 3 weeks + the health insurance coverage