Thread regarding Synopsys Inc. layoffs

Severance info based on previous layoffs

If you are over 40 years old (in the US) you will have 21 days to evaluate the severance once it is presented you. Based on previous layoffs, it would appear Synopsys is paying at least 60 days of regular salary and benefits, in lieu of a WARN notice. It seems like this is case of gross incompetence combined with a lack of empathy on the part of the management.
OP: @a8+1kmdssyv8

Putting this info here so it doesn't get lost in replies. Apparently severance details come at a later date. Because why give people clarity when you can leave them hanging? Very inconsiderate.


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Post ID: @OP+1kmeax94h

3 replies (most recent on top)

My only suggestion is call an employment lawyer and get an idea as well to make sure it's fair. I know it seems like a lot to do with all the stress of just being let go. But, invest a lil bit of time doing that, it might pay off handsomely, if not, it's okay, you now have more information.

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Post ID: @hd+1kmeax94h

I received my severance details the evening I was let go, around 5PM ET/2PM PST. I asked some questions, did some research, and I was satisfied with it considering I was a low tier employee. It's certainly more money than I would come across by any other (legal) means. What annoys me is that it doesn't get paid out until my contract terminates, so I won't see that money until the end of May. (Or possibly when I get my next job, which could be 2 weeks, or 2 months, who knows). So while I don't plan to be unemployed for the next two months, it's kind of a nice middle finger on the way out that even with some unplanned time off, I don't get any extra money to play around with.

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Post ID: @h4+1kmeax94h

It appears (google search) that someone 40 years are older is given either 21 or 45 days to accept a severance package, depending on whether they are laid off individually or as part of a group.

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Post ID: @a6+1kmeax94h

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