Thread regarding VMware layoffs

Each eligible employee in a job grade of 20 or below is eligible to receive a >>>lump sum<<< severance payment equal to:

• two (2) months of base salary, if he or she is not required to work for the entirety of the

Notice Period; or

• four (4) months of base salary, if he or she is required to work for the entirety of the

Notice Period.

Sounds like a 4-month lump sum if you work the notice period.

Where did you get this from (link)?

Here's what I see on Source today:

Each eligible employee is eligible to receive the base amount of severance pay. The base amount of the severance pay for eligible employees varies depending upon the level of the employee and whether the employee’s Severance Agreement states that the employee is required to work the entirety of the Notice Period.

Below Vice President / Below Principal Engineer Level: Each eligible employee in a job grade of
20 or below is eligible to receive a lump sum severance payment equal to:
 two (2) months of base salary, if he or she is not required to work for the entirety of the
Notice Period; or
 four (4) months of base salary, if he or she is required to work for the entirety of the
Notice Period.
Vice President and Above / Principal Engineer and Above: Each eligible employee at or above
the job grade of Principal Engineer (job grade ≥ 21), or Vice President (job grade ≥ 22) is eligible to
receive a lump sum severance payment equal to:

 four (4) months of base salary, if he or she is not required to work for the entirety of the
Notice Period; OR
 six (6) months of base salary, if he or she is required to work for the entirety of the
Notice Period.

From what I can tell, there's either 2 months + 1 week/year of service or 4 months severance including working 60 days notice if they need you. Your text seems to imply that if they don't want you to work out the 60, they give you 4 months anyway.

Intolerance will not be tolerated on equal representation island!!

So what kind of sports cars and private jet is Mr. f’n Magoo going to buy with his crimes against humanity $50 million bribe?

Maybe Besty will buy a small island somewhere so she can create a nation where there is one of every ethnicity and s-xuality. It will be just like Noah building an arc.

Now see how different the lives of these god forsaken sümbags are from you and me when it comes to severance.

This extreme payout to completely incompetent bo--s needs to stop across the C-Suite landscape.

The horror. The horror.

For Sales, is the severence 2 months + 1 week/year of your OTE? Or just your base salary?

Broadcom has to follow VMware severance policies for 12 months after the merger per the merger agreement

On that point... They will need to follow the AGREED severance policy for 12 months as part of the merger. Every country is different when it comes to minimum statutory payments along with notice periods which may not be applicable if it's in your employment contract you have agreed to something different.

Aside from the statutory minimum payment anything else is ex gratia and can change. I have seen severance packages vary alot over the last number of years in VMware from really good to not so good. Team members within same dept / BH in different countries will also get different packages, again based on local minimum requirements.

That's US policy only

It is not correct. If a person is laid off without getting an extension for 2 months of work, then that person only gets 2 months of severance and then 1 week per 1 full year of service.

Assuming the layoff notice comes on August 31st for both employee A and B and both are below VP level.

Employee A is asked to work two months for transitional purposes, then he/she will work until October 31 and get regular paid for those two months of work. After that, the person will no longer has company access and will be considered terminated on November 1st. The person will get 2 months of severance pay plus 1 week per 1 full year of service. CORBA starts on November 1st for this person for 3 months.

Employee B is NOT asked to work for two more months, then that person will be terminated and no longer has access starting September 1st. The person will get 2 months of severance pay plus 1 week per 1 full year of service. CORBA starts on September 1st for this person for 3 months.

This is perfectly correct, confirming based on a guy who got layedoff on 24th july.

Subject to max is , its maxed out at 12 years 12 weeks.

So if you are required to work you get 2 months on payroll then 4 months on top of that? Or does that 4 months already include regular pay?

Am I not understanding this correctly? I read it as if they don't give you a notice perod they just give you a two months severance.

Below Vice President / Below Principal Engineer Level: Each eligible employee in a job grade of
20 or below is eligible to receive a lump sum severance payment equal to:
two (2) months of base salary, if he or she is not required to work for the entirety of the
Notice Period; or
four (4) months of base salary, if he or she is required to work for the entirety of the
Notice Period.

plus 1 week/year of continuous service

But NOT prorated. So if you have 11 months in and they sack you, they round down.

That all sounds roughly correct.

"subject to a maximum"

I'm not sure on this particular point. Does anyone know the current cut-off on severance per VMware policy?