Here are the layoff severance packages Google, Microsoft, Amazon and other tech giants have promised
Summary
Tech companies have laid off tens of thousands of workers in recent months as the industry grapples with a reduced risk appetite from investors and increases in borrowing costs. Laid-off employees across the tech sector enter an uncertain job market, with headcount reductions taking place across all experience levels and teams. At the time, the company offered its devices and services employees a severance package that included a separation payment, transitional health benefits, and job placement. Human resources head Beth Galetti said the company will offer a separation payment, health benefits as applicable by country and job placement. CEO Marc Benioff told employees on Jan. 4 that Salesforce would reduce headcount by about 10%, or more than 7,000 workers, in response to a challenging economic environment.
