There is never a good time for eliminating roles and re-balancing our investments. With all that is going on in the world today, it’s not an easy time for anyone to be starting a new chapter. Those impacted are our co-workers and friends, and we are committed to treating everyone in a compassionate and thoughtful way.
We have committed to offering extended transition periods, enhanced severance and healthcare packages, mental health resources, job search assistance and enhanced immigration support.
- Severance: All employees will receive a package that includes a minimum of four weeks of pay, plus two additional weeks for every year of service. Employees in the US will also have a 60-day extended transition period, with an exit date of August 21, though their last day working in their current role will vary. This allows everyone leaving to reach their July vesting date for Restricted Stock Units and the July 31 eligibility date for annual IPI bonuses or July or Q4 incentives for those not on an IPI plan.
- Health Care: We will pay for at least four months of health insurance coverage. Everyone leaving will also have access to the Employee Assistance Program to help with mental health support during the transition period and for four months after they leave.
- Job Support: Each impacted employee will have access to six months of career transition and job placement services through RiseSmart. Services include resume development, interviewing techniques, and recruiting and job search help. We’re also allowing everyone to keep their work laptops.
- Immigration Support: For those that need immigration support, the extended transition period will allow individuals on visas extra time to look for other roles. Intuit will also provide access to external immigration experts for advice and support at no cost.