alt Hacker News"US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA."
4 months basic severance pay + 1 month for 2 years emploument is nice? so total 5 months severance after 2 years of working for them or only 6 months after 4 years
let me guess you are from US if you think this is nice, as European I would say this is fairly standard, nothing to brag about, 3 months should be bare minimum by law
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"If you've worked for us for 24 months and we fire you, we'll pay you for 29 months and give you your next equity and pay for your insurance for 6 months" and "if we fire you we'll pay you an extra ~21% (plus your next equity and another month of insurance too) of whatever you earned" does indeed sound quite nice considering that a vast majority people who are terminated get nothing or next to nothing.
It'd be looking a gift horse in the mouth to whine about "well they get 22+% at XYZ"
I'm not from the US, but from eastern europe. I have not been in collectives where what you're saying was true. At most I've seen 2-3 months of pay for someone to sign their own resignation.
As a European you're on a third as much though in the first place.
When I got laid off I got 0. The company I currently work for generally gives 0 severance as well. 5 months is extremely generous
> as European I would say this is fairly standard
I must live in a different Europe then. I'd say this would be EXTREMELY generous for Europe.
As an American, I’d point out that there are structural reasons the U.S. often outpaces Europe in certain areas of innovation and business, tech and otherwise. Labor regulations in many European countries make it harder to reallocate talent quickly, which can slow down company formation and scaling.
That doesn’t make one model universally better. There are clear tradeoffs on both sides. But it is part of the equation worth considering in response to your point.