Average in-house severance
Posted: Thu Nov 17, 2022 3:14 pm
Straight to the point here: what is a typical/average severance amount for an in-house counsel who's been laid off as part of mass layoffs?
In summary, I was at a relatively late-stage start up for about a year. In recent months the business has collapsed and the company finances have become a mess. There have been large layoffs, and now it's caught up to me. They're offering two weeks. I would have expected more severance in a typical scenario, but when the company is at risk of closing up shop, I'm not sure there's any room, and I think I just need to eat it.
Curious if anyone has experience or insight. Appreciate it!
In summary, I was at a relatively late-stage start up for about a year. In recent months the business has collapsed and the company finances have become a mess. There have been large layoffs, and now it's caught up to me. They're offering two weeks. I would have expected more severance in a typical scenario, but when the company is at risk of closing up shop, I'm not sure there's any room, and I think I just need to eat it.
Curious if anyone has experience or insight. Appreciate it!