[triceratops]

The headline numbers:

They're cutting 40% (edit: the post actually says "nearly half") of the workforce (4k out of 10k). That's huge.

The severance is 20 weeks of pay + 1 week per year of tenure, stock vesting through May, 6 months of healthcare, their corporate devices, and $5k cash.

[peanuty1]

That significantly more generous than the 12-16 week severance packages being doled out by big tech during the great layoffs of 2022-2023 if I remember correctly.

[happyopossum]

In 2023 Google gave 16 weeks plus 2 for every year of tenure, so not significantly less (and more if your tenure was >5 years), plus google also vested stock for entirety of the 16+ weeks.

[peanuty1]

They're going from over 10k employees to just under 6k. So more than 40%.

[triceratops]

Ah yeah, that's fair. The post itself says "nearly half".