How is the severance package calculated? Does it depend on number of years at EY? Your current salary? Or more like a flat amount?

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1 week per year

I can’t speak to EY specifically but in general:

- Your tenure and rank matter. More senior and longer tenure tends to do better.
- This may be defined in your employment contract, particularly the more senior you are.
- Big 4 under manager level tend to do something like 2 weeks’ severance per year of tenure but don’t count on this.

Thanks and if it is Covid related lay off I am assuming one will be eligible for severance but if it is performance based lay off EY won’t give severance.. right?

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