Let’s talk benefits for layoffs… Someone I know is likely going to have their role eliminated and word on the street is that the holding companies are offering fair severance, but only one month of health benefits. Does this seem out of line? Twitter and Meta seem to be offering more, but maybe because those are big shakeups? Discuss…

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Typically it’s a pittance at major US holding company agencies. Like 2 weeks to start. Maybe 1 week extra per year of working there. And no health benefits. They hoard any extra cash for the C-suite execs. Even though many are saying how good their profits were this year.

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Remember that severances are negotiable. That includes healthcare coverage. When I was laid off from a holding company agency, I only got a month, but was able to make a case for extended healthcare coverage and they extended to 3 additional months.

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What ECD1 said. And you don’t have to necessarily be senior. If you’ve witnessed, overheard, or felt uncomfortable in any situation (and especially if you have plenty of receipts per the above) they’re going to be that much more motivated to negotiate.

Same goes if you didn’t sign a non-compete when you were hired (or a handbook with these types of clauses that you were required to sign.) Doubtful that you didn’t, especially in big agencies, but smaller companies might be more likely not to have done.

A month of health is fairly average. When something based out of California goes down, like Meta and Twitter, they also have different rules to abide by. At the same time, the employees there all gave into back breaking profits so I guess they see it as a way of giving back to those that might be owed it. Lots of companies are also simply working paycheck to paycheck and may not be as cash flush as a Meta or Twitter to offer that severance. Each situation is different. In the end, every company could only have to give 0 the way the government is setup so anything above 0 is more than is required.

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Twitter and Facebook are not advertising agencies.

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