Today, global e-commerce giant Amazon announced layoffs involving 14000 employees. Without further ado, the specific compensation details are as follows:
Employees who choose to transfer: Provide support for affected employees, with most employees having 90 days to search for new positions internally. The recruitment team will prioritize internal candidates to help them find new positions on Amazon as much as possible.
Employees who are unwilling to transfer or cannot find a job: Provide transitional support, including severance pay, reemployment services, medical insurance benefits, etc.
The key point is that for employees who are unwilling to transfer or cannot find a job, the specific compensation details are as follows:
If an employee receives internal live water from the company before January 26, 2026, they will not be eligible for severance pay; If the employee has not found a new job before this and their employment relationship has terminated, they can only receive the full severance package (unless they are terminated for any reason during the notice period);
Employees who choose external opportunities but stay on until January 26, 2026, or leave Amazon based on resignation notices, are eligible to receive severance pay. Eligible employees will receive a termination and release agreement within ten days after the end of their employment. The compensation includes a one-time lump sum payment (after deducting the statutory salary deduction), a service fee (1 week of basic salary for every 6 months of work, with the lowest 4 weeks and the highest 20 weeks), and an additional taxable one-time lump sum payment equivalent to 6 months of total premium cost.
Try to interpret it, which means the compensation standard is 0.5N. I don't know if the blogger's understanding is correct, but I feel a bit stingy. Do you have a big hand to interpret it? Is this the meaning of 0.5N
|