My company gives an automatic 6 months severance and this includes all
benefits(health insurance, dental, 401K, and even stock options).. The only
requirement is you have worked full time for at least 1 year. One guy in my
department had 7 weeks vacation and personnal time coming as well as the
severance package when they let him go. He is sitting in the Bahamas, as I
write this, taking a nice vacation while I am working my tail off to take up
the slack from the cut backs. I am never the lucky one!
Rick
""xc"" wrote in message
[EMAIL PROTECTED]">news:[EMAIL PROTECTED]...
> 2 months automatic severance, plus another 4 months for signing their
> severance agreement? So a total of 6 months severance? Damn good deal.
>
> I am no raving Cisco fanatic, and I certainly don't mean to offend any
> ex-Cisco employees who may be reading this, but lots of companies are
> cutting back now, and I rarely hear of a severance deal as good as
Cisco's.
>
> This stands in stark contrast to some of the dot-gone dotcoms, as
profiled
> on fuc*edcompany.com, where not only were there people getting canned
> without any warning and without their promised severance, but also there
are
> instances of people being screwed out of back-pay and expenses, given
> severance checks that bounced, etc. I should know, my former dotcom went
> under and still owed employees several months (!) of backpay and expenses.
>
> So in light of all this, I still consider Cisco one of the good guys.
>
>
>
> ""Victim"" wrote in message
> [EMAIL PROTECTED]">news:[EMAIL PROTECTED]...
> > What is your opinion on "cisco fire / umemploy staff " ?
> > FAQ, list archives, and subscription info:
> http://www.groupstudy.com/list/cisco.html
> > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
> FAQ, list archives, and subscription info:
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> Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
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