Companies like Google & Salesforce paid out 6-8 months of severance (more depending on tenure) and accelerated remaining stock vests, so not all that different.
First waves of layoffs are famously more generous with their severance agreements than the following ones.
They are already not as generous as they could be (for example, Google on January 20th boasted about accelerated vesting for the notice period of US employees that would be laid off... But employees in other regions didn't get the same terms)
...and they are going to get worse and worse, with future layoffs
> 1- the laws dictate minimum terms for the agreements, they don't put ceilings on the maximums
That's not how it works in many jurisdictions: if a company does a round of layoffs and exceeds the terms ... those are the new terms going forward for that company.
I know of some factories that shut down for annual maintenance for several months every year, and they lay everyone off. There is another factory (same company) that works opposite months of the year so in theory people are laid off and just switch between the two factories, but depending on schedule and work needs you can be out of work for a while.
I also know big projects often hire union labor (electricians, plumbers), and lay them off at the end of the project. I have no idea what the terms of this are.
Do you think the LinkedIn people will get their pensions fully paid out?