#vmware #broadcom #layoffs I have a doubt regarding the last day and severance pay. The termination letter says Your last day in the office will be today. Your actual termination date will be January 26, 2024 (the “Separation Date”). From today until your Separation Date, you will be on a paid leave of absence and will not be required to report to work. For severance Each eligible employee is eligible to receive the base amount of severance pay (2) months of base salary. So will I paid (base salary) normally until the 26th January and the severance for 2 months gets kick in after it? Totaling 4 months of salary?
Yes
Oooph just 4 months.
That’s not half bad. Could’ve been much worse.
Remember thats not 4 months of salary but 4 months of base...so likely just equivalent to 2 months of full paycheck
Wrong. Base doesn't mean basic. Base would mostly be full pay except bonus. Check the ctc to see what's in base pay.
Oh thanks for pointing it out. I misread basse as basic
Is it 4 months for all the folks. I thought it will be tenure based
I only got 4 weeks severance at ey with no notice perioid
What do the next couple months mean for Carbon Black and EUC BU’s? Aside from wait and see who buys them?
By law California employees need to be paid when they get discharged. Has all Cali staff received there final pay?
Yes.