{ "media_type": "text", "post_content": "Whats the average severance package when folks get laid off?", "post_id": "5ee03c7dcbb3390024069fb3", "reply_count": 15, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Whats the average severance package when folks get laid off?

like
Posting as :
works at
You are currently posting as works at

1 wk for every yr is most common. Not sure what our policy is.

likesmart

Varies by company. I’ve heard 1 month for every year of service.

1 week per year til you get M, then 2 weeks per year; min 2 weeks

6 weeks min. 1 week for every year service with a cap.

Family worked for a biotech firm got 6 months of severance for 3 years service.

6-9 months, irrespective of tenure at SM+ level

It would be outlined in your employment agreement

Fair enough. Have an upvote

Related Posts

Does anyone else feel like their burn-out cycle is shorter? It used to take me about 2 years of grind before I hit a burn-out phase where I needed to do some serious recuperating. It feels like I'm at 3 months now, or even less. I've already spoken to my wife about building quarterly mini-vacations into my schedule just to keep my energy up. And by burn-out, I mean you're at the point that every single ball you are juggling can drop and you get fired and almost see that as a blessing.

like

What is the EY severance like for someone who has worked here for 7-9 years?

like

Are any Apple agency vendors worried about potential layoffs due to Apple’s stock price and slump in sales?

like

Anyone worried about layoffs? I saw a post about Deloitte laying off 5000 employees ... I know EY saying no lay off this year but what about other firms?

like

Fired without severance...haven’t signed anything yet. Is severance something that can be negotiated with HR? I have a call with them on Monday to discuss.

like

Analysts who left in their 1st year either (voluntarily or laid off) where did you end up and how long did it take you? Consulting isn't for me and I'm obviously only eligible for entry level roles

like

I just got laid off from a strategy consulting boutique in the UK that primarily works with PE funds doing CDD/VDD. It goes without saying that the market is terrible. I suspect no strategy firms are hiring and it will need to be an in-house move or if I could stretch it PE/VC. What are people’s thoughts and does anyone have any advice?

like

What constitutes a “notice period” when terminated? Wondering if eligible for severance. Not fired for any of the “causes”. Working in at-will state.

Layoffs and furloughs thread. What firms are cutting and furloughing? Across all industries.

like

‘‘‘Tis the season for the layoffs

like

2nd waive of layoffs underway at the EY Houston office. #happydays #whosnext? 🌩☔️😫

like

Does D give you a severance package when you're fired for poor performance?

like

Why did Deloitte’s federal practice have layoffs? Given that the clients are large government entities. I can understand it happening in commercial but federal makes no sense

like

How do I have the conversation with a Partner about writing a letter of rec for a PhD program? Will I put myself a risk of being laid off if I express interest in continuing my education?

like

What is the separation package Deloitte consultants got for layoffs?

likefunny

EY started Layoff today - Guidewire folks. No projects.

like

I got fired. After a month. And I’ve never been more relieved.

like

I was fired today. What do I do next? I’m a third year associate at a “boutique” firm. Although I knew my performance wasn’t good and I was on thin ice, I was never given any formal warning, so I was caught off guard when they called me and just fired me, effective immediately. I was locked out of the email and computer system before the call was over, and I’m already off the website. I was so caught off guard I hardly remember the conversation (cont)

like

Additional Posts

US Midwest Audit M1 salary?

like

Anyone use the Dosh app and want to send me a referral code / link? Thanks!

So with the unlimited PTO move - is EY now the new KPMG?

Post Photo
likefunny

Anyone wants to buy PlusPoints that are valid till end of month? There should be a market for this..

funnylike

Possible to hit or exceed plan and still be put on a PIP?

like

What's working at Bain as a data analyst like? Thinking of applying.

like

Been friends w/ a girl for years since I met her overseas (chatting on phone often). When we started travelling together on a few trips, she annoyed me on so many levels, we are just not compatible so I no longer want to travel with her. I still value our friendship and don't mind continuing catching up on the phone. I'm non-confrontational so instead telling her i find her difficult/annoying, I just stopped inviting her/avoid trips/added a lil more distance. But she doesn't get it..-contd

like

Best certification program for blockchain ?

like

Is Ronna McDaniel (GOP Chairwoman) on the same good stuff that Don JR. And Kimberly are on? This is hilarious: “Joe Biden can’t run from his disastrous record responding to the coronavirus.”. Ha ha ha ha ... ha ha ha ha. These people!

Post Photo
likeuplifting

I have a job interview tomorrow. It’d be more pay and a lot less stressful but in the back of my mind I wonder if I do end up getting it’d be a mistake. Continued...

like

Does EY offer joining bonus for exp hires when extending an offer? Or should I be negotiating for that?

like

If your path demands you to walk through hell (or an equivalent client), then walk as if you own the place.

likefunny

Does EY have Advisory Director titles? I thought they had don’t away with them during a RIF / role elimination.

like

Is moving from ACN to Big 4 a lateral move or a move down?

like

For those that have worked in TAS or Financial due diligence, what have exit opportunities been like for you or others that left the service line?

like

Does anyone else find it difficult to ask for time off? I haven’t taken a “vacation day” since February, billed 185+ hour months consistently through the pandemic (exceeded hours for 2020 bonus eligibility), and am feeling pretty burnt out. It’s hard because other associates in my department haven’t really taken any time off either (or it has been a day or two sporadically). Would really love to take some days over Christmas to recharge but I’m nervous about perception.

likehelpful

Can anyone throw some light on the average Associate Manager salary in SAT as well as in what range is it... comments from any current AM2 from SAT would be greatly appreciated. Is there any minimum fixed salary that AM2 must be earning?

like

What were/are your MBA stats? (GMAT/GPA/B schools)

like

I was on a business trip with my boss who is a black male. We were eating breakfast (in a hotel catering to business travel, wearing business attire) and another black male (in business attire) came up to him, struck up a conversation said "its good to see another successful black guy" and they exchanged cards. I had never seen it before. When the guy went away I asked my boss about it and he said he will occasionally do that when he sees another black guy in a business setting. CTD.

like

My mat leave ends next month and I am absolutely dreading it. I’m fortunate that my baby is easy going and sleeping well so my time with her has been great. I’ve been getting bad anxiety thinking about returning to work. I’ve seen women post about how they couldn’t wait to go back to work so I feel strange that I’m not like that. Anyone else been through this?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal