Quote:
Originally Posted by kermitology
I've got a bunch of friends at Shaw. Sounds like 6 months + 1 month per year of service as voluntary severance. If you don't take it, you may or may not stick around and they'll enter involuntary layoffs which won't be as generous.
Main objective seems to reduce headcount and operating expenses as they react to shifting customer demand (internet only, streaming, on demand) away from cable subscriptions.
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I misunderstood that and read that as 6 months+1 month (so 7 months) per year of service. So if I was there for 10 years, that would be 70 months of pay...
Still a pretty good overall severance package. One of the best I've heard of. 10 years service would get me 16 months pay. Not bad.