Does anybody have experience negotiating severance? It isn't intuitive that this can work since the severed employee has no leverage. In any case please share your experience, successful or not, so the community can learn. I'm not laid off yet. Just looking for knowledge. TC 390
There's an ebook from Financial Samurai that talks about this. One of my colleagues negotiated a PIP severance from 8 weeks to 12 weeks.
Coinbase only offers 8 weeks? That’s just warn act. Might as well stay on PIP
They moved X to a new team while on vacation against X's preference. X told them I'm FE and this is an API team, they didn't listen. X took medical leave once marked off track. Came back and asked for an exit package, and they low balled X. Hence the negotiation. Typical PIP exit package there is 12 weeks, the first round of layoffs was 16 weeks severance.
I cried and got an extra month.
Gahhaaha. Are you serious? Did this even work? I can't imagine an employer giving someone an extra month just because of shed tears. There's gotta be more
Yeah Google for lawyers. Since we are in tech and earn loads of money most will negotiate for you on a no win no fee basis. Do it. These corporations would do it to you if you were the one proposing severance
How much are you getting at okta
Why some companies make press releases and add it in
Don’t say anything, hire and lawyer and sue them.
What do you mean
This is probably the WORST advice. Unless they blatantly broke the law the cost of getting a lawyer, time, effort likely outweighs the benefit of whatever outcome.
Tech Industry
Yesterday
1373
Update: Trans Coworker Stealing Breast Milk
Software Engineering Career
Yesterday
1798
Cleared Amazon onsite, but lowballed.
Tech Industry
6h
1798
Asians - what are your thoughts on asian female white male ?
Tech Industry
Yesterday
3459
Crossed a line with my boss
Tech Industry
Yesterday
2591
I am starting to think Chinese interviewers currently fail non-Chinese candidates on purpose.
Is it with or without cause?
In most cases your severance, especially without cause, should be roughly equivalent to the time it takes you to find a new job. This considers factors like your role, the job market, your compensation etc. Judging by your TC and the current climate, I’d send a letter of demand for 6 months but be prepared to accept 5.
What's the leverage?