Is the two weeks notice mandatory? Can it be one week or less?

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A notice in general is not mandatory. It's just good corporate etiquette. If you give one week's notice, there are no consequences because they can't fire you if you're already quitting.

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Some places will walk you out as soon as you tell them you are leaving - esp if you are going to a competitor

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Depends what bridges you want to burn. If you don’t care you can walk out today.

Is that across all companies or depends?

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