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?
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Mastercard pays 387k?
500k is the new 300k. So i think its ok Tc 367k
So they pay faang level?