Salesforce
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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.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.Salesforce on Monday started notifying employees about layoffs, 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, including the company's main customer relationship-management offering. Salesforce's stock is down more than 30% this year.Salesforce's severance policy states that employees receive severance payments based on level, tenure, and age.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.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.The combined total of level- and tenure-based is capped at 26 weeks, or 30 weeks for those 60 and older.
