Whats the average severance package when folks get laid off?

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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

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