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So basically they have paid like this
FIS Severance package = 1 Lakh * No of years in Service
+ 75 days full Salary + encashed leaves + Incentives + Gratuity if eligible

Its around 10Lakh for an old employee

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Recent IconRecent

In my 8 years of job in FIS, never had I seen a mass layoff. No idea how a change in CEO causes this. Women.

likefunnyhelpful

Am not a Gary Norcross fanboi. But your point is baseless. FIS did major acquisitions during his tenure.. Sungard and Worldpay. Stephanie is Worldpay employee. Pls go check it out. :)

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Same as mentioned in the article

likehelpful

What about Mohali office ?

likehelpful

Any news on Bangalore and Chennai zones

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Merchant solution

smarthelpful

No, what I understood from the news and frnds is:
1 month full salary + (no of years)* basic salary..

So if you have completed 5 years in FIS, then you will get 1 month full salary + (5 * basic salary)

likehelpful

Mostly from world pay!!

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It is just a start in India as things might get even worse..

helpful

Ohh bc

Got around 6L total compensation is 10L+

You got fired ?

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😥

Compensation paid = No of yrs (max 12) X per month Salary.

Did anyone get fired who is in the probation period?

Isn't the severance package too low?? I am not sure if there are any statutes for white collared employees.. if not high time we have something

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