Thread regarding HP (Hewlett-Packard) layoffs

New EER for 2023

New EER program rolled out today, details to arrive in eligible folks mailboxes next week. Minimum eligibility is 55 with 10+ years (as of Jan 31),

  • 36 months of insurance at same premium current employees pay
  • Up to 1 year pay (as lump sum retirement distribution or taxable payout) depending on years of service and salary
  • Immediate vesting (retirement treatment) of options & shares

Deadline to apply is end of January, decisions in Feb, exit dates March-April (but could be as late as Oct). Applications will be decided based on cost, will accept longest tenure 1st if they have to only accept some.

| 1827 views | | 3 replies (last )
Post ID: @OP+1kyMeWLT

3 replies (most recent on top)

How does this compare to the last EER in 2019?

Post ID: @7ggb+1kyMeWLT

That's actually a pretty nice package IMO. I'd take that without thinking.

Post ID: @2kdp+1kyMeWLT

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