I was laid off last week and will get 2 weeks of pay per full year of employment. I believe this varies though based on the specifics of your role and location (European colleagues get more favorable packages due to the laws in their respective countries).
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The severance is 1 week of pay for each year you worked at Illumina. You get that lump sum after you get your last paycheck in March.
During the 2023 summer RIF - I hard that people let go in the US were given two weeks of severance per year of service.
Is it 2 or 4 weeks for each year of service
It depends on multiple factors.
- Your tenure with the company.
- Your current role.
- If you have any stocks vesting (in near future)
- Any bonus ( in active month)
Example: if you have a tenurity of 24-36 months and in a senior role , you can expect around 30-40k Euro (taxable) . Maybe more!!!
@zlm+1qxDt54t
That doesn’t answer the question
whomever got paid the least and had the shortest tenure