> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
Meta lays off 11,000 people
21–30 of 1001 posts
Re: Meta lays off 11,000 people
#22> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
Re: Meta lays off 11,000 people
#23> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
Re: Meta lays off 11,000 people
#24> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
Edit: Lol - OP posted less than 3 minutes ago & there were no replies. Before I finished my comment there are now a dozen others with the same.
Re: Meta lays off 11,000 people
#25Honest question - what does 'take accountability' and 'take responsibility' actually look like for Zuckerberg here?
Honest question - what do you expect it to look like beside making the statement and giving employees a more than gracious severance package to back up the words?
Re: Meta lays off 11,000 people
#26Severance summary: Severance. We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. PTO. We’ll pay for all remaining PTO time. RSU vesting. Everyone impacted will receive their November 15, 2022 vesting. Health insurance. We’ll cover the cost of healthcare for people and their families for six months. Career services. We’ll provide three months of career support with an ex…
Re: Meta lays off 11,000 people
#27_How_ does Meta have 85,000 employees? That's an _incredible_ size of an organisation.
Re: Meta lays off 11,000 people
#28> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
Re: Meta lays off 11,000 people
#29Severance summary: Severance. We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. PTO. We’ll pay for all remaining PTO time. RSU vesting. Everyone impacted will receive their November 15, 2022 vesting. Health insurance. We’ll cover the cost of healthcare for people and their families for six months. Career services. We’ll provide three months of career support with an ex…
Re: Meta lays off 11,000 people
#30Honest question - what does 'take accountability' and 'take responsibility' actually look like for Zuckerberg here?