To say this year has been rough on tech would be an understatement. Companies have laid off more than 120,000 tech workers to date, and the numbers continue to tick up. The latest contribution came from Amazon, which laid off 260 employees last week and plans to lay off thousands more in early 2023. Onlookers have openly compared, contrasted, and questioned how employers have executed layoffs, lauding some and chastising others.
One of the most fascinating and telling details in layoff memos are the particulars of varying severance packages. They offer HR leaders a glimpse into how competitors are delicately—and sometimes not so delicately—balancing doing right by employees with saving on costs.
This week, Fortune’s Paolo Confino compared how tech severance packages stack up against one another.
While some employers offer as much as 20 weeks of base pay, others offer just 10 weeks with little additional support like extended health care or immigration services. Meta, for example, provided laid-off employees 16 weeks of pay and an additional two weeks each year they worked at the company, with no cap. The social media company also committed to paying health premiums for employees and their dependents for six months.
Opendoor’s severance package was less generous. The real estate tech company gave employees 10 weeks of pay, and those who had been with the company longer than two years received an additional two weeks for every year of service.
Read the full roundup of severance packages here.
Amber Burton
amber.burton@fortune.com
@amberbburton
Stay tuned for the Fortune @ Work playbook, publishing Dec. 5, for insights and case studies on how Fortune 500 HR leaders are designing return-to-office strategies.
