As Salesforce begins another round of layoffs, the company’s standard severance plan appears to offer employees a softer landing than many of its Big Tech peers.<\/p>\n
Internal documents reviewed by Business Insider show that eligible U.S. workers can receive up to 30 weeks of severance, a package that appears more generous than those recently offered by companies including Oracle, Amazon, and Block.<\/p>\n
Salesforce on Monday started notifying employees about layoffs<\/a>, according to people familiar with the matter and a regulatory notice in California. The layoffs come amid concerns that AI tools and agents could replace traditional software<\/a>, including the company’s main customer relationship-management offering. Salesforce’s stock is down more than 30% this year.<\/p>\n Salesforce’s severance policy states that employees receive severance payments based on level, tenure, and age.<\/p>\n Senior directors and director-level employees receive 13 weeks of base pay, while senior managers and below receive 9 weeks. Employees ages 60 and older at any level get an additional four weeks.<\/p>\n Employees also receive an additional three weeks of service per year. A partial year counts as a full year. Employees receive six months of COBRA coverage, or 12 months if they are 60 or older.<\/p>\n The combined total of level- and tenure-based is capped at 26 weeks, or 30 weeks for those 60 and older.<\/p>\n Salesforce’s package appears larger\u00a0than<\/a> other recent Big Tech severance offers.<\/a> Oracle recently offered<\/a> laid-off<\/a> US employees four weeks’ base salary, plus one week per additional year of employment, up to 26 weeks, as severance. Block, which laid off nearly half its employees earlier this year,<\/a> provided them with 20 weeks of salary, plus one additional week per year of tenure.<\/p>\n Amazon’s package for laid-off employees in January <\/a>included <\/a>full pay and benefits for 90 days, plus an additional severance package.<\/p>\n Salesforce did not respond to requests for comment.<\/p>\n Have a tip? Contact this reporter via email at astewart@businessinsider.com<\/a> or Signal at +1-425-344-8242. Use a personal email address and a nonwork device; here’s our guide to sharing information securely<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"As Salesforce begins another round of layoffs, the company’s standard severance plan appears to offer employees a softer…\n","protected":false},"author":2,"featured_media":695332,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[11266,960,16652,301328,14651,28,3426,3901,3897,25141,146342,10446,13021,268916,1975,2394],"class_list":["post-695331","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-age","tag-amazon","tag-astewartbusinessinsider","tag-base-salary","tag-block","tag-business","tag-company","tag-employee","tag-layoff","tag-oracle","tag-package","tag-salesforce","tag-severance","tag-tenure","tag-week","tag-year"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/695331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=695331"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/695331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/695332"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=695331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=695331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=695331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}