Here are the layoff severance packages Google, Microsoft, Amazon and other tech giants have promised

Abstraction: Comparative severance terms across major 2023 tech-sector mass layoffs

Key points:

• Google (Alphabet) laid off 12,000 workers; U.S. employees receive 16-week base severance + 2 weeks/year of tenure, at least 16 weeks of accelerated share vesting, and 6 months of healthcare
• Microsoft cut 10,000 employees; offered severance, 6 months of healthcare and stock vesting, and 60 days notice; taking a $1.2 billion impairment charge
• Amazon offered retail employees 60 days of paid non-working notice followed by a length-of-service severance payment; stock acceleration provisions were unclear
• Meta had already cut 11,000+ in November 2022 with 16 weeks + 2 weeks/year severance; some non-traditional apprenticeship workers reported receiving only 8 weeks
• Twitter laid off 50%+ of workforce under Musk; promised 3 months severance but many employees received only 1 month in exchange for a non-disparagement waiver; also cut 4,000 contractors with no notice

Connections: Google · Microsoft · Amazon · Meta · Twitter · Workforce Reduction

Source: https://www.cnbc.com/2023/01/20/google-amazon-microsoft-meta-twitter-severance-packages-compared.html