That sounds pretty good. Even better than good.

Is it if you are not a home owner still? The problem with not being a home owner is that you have very high burn rate because the market was able to optimize for housing profit extraction - that is, significant portion of the compensation of high earners ended up in the pocket of property owners.

Suddenly, these high earners are no longer high earners but they can't instantly transfer their situation to property owners which means they have only 16 weeks or a bit more to start receiving at least equal paycheque. It often takes more than that to start working somewhere white collar and since Meta is not the only one doing lay offs, it probably means that they will not be able to start receiving similar paycheque when they continue having the same burn rate(or maybe higher, because inflation).

I don't say that Meta is necessarily wronging these people but I can't keep but think about what it means being compensated for the work you are doing and the security of your life. If you take home 10K every month and distribute 9K of it just to sustain life then your compensation is actually 1K/month.

Tech layoffs are happening this year and its probably well justified but I have a feeling that other parts of the economy is also not functioning right and people will get screwed because their business relationship(compensation and cost of doing business structure) isn't fair.

Surely this is a vast exaggeration.

Rent should not take more than 25% of your income, 33% worst case. In some countries/jurisdictions that's even part of legibility requirements.

If rent/utilities are in the range of 75% or more as you seem to imply, there would be literally no point at all to work in Big Tech.

There are a lot of people doing room share to take the cost of rent down or commute long distance. You can definitely balance between price, commute, comfort, privacy, grownupship and self respect. No surprise that many people really, really want to fully work from home so that they can better optimize.

9K is exaggeration of course, that would be quite irresponsible but it would be also the only way to put you in a lifestyle of a person who makes 10K a month.

That seems pretty standard to me.

Here the law mandates a three months notice. Then severance depends of how long you have worked for the company. It is a quarter of a month per year you have been employed for the first ten years and a third of a month per year after that.

But this lay off would most likely be illegal here anyway. You have to face a downturn or unforeseen events impacting your ability to compete to do mass layoff here and Meta is still hugely profitable. This is putting your shareholders before your employees.

Generally when you want to downside here, you compensate people who agree to leave and the sums involved are more generous than what Meta is giving.

4 month's paid holiday? This is the kind of severance that would make me wish I'd been laid off.

Or have something similar guaranteed by EU Worker Protection. I was made redundant a few years ago and was paid 4.5 month salary on my last day.

This is quite good even by European standards. If you were paid 4.5 months because the law said so then it isn't harmonized, because in my EU country it is only 3 months notice afaik.

Also not sure if the Meta severance applies to contractors as well, but many engineers work as contractors by which they of course opt out of worker protections.

It's not the same as workers protection law is an EU directive so each country implemented it on its own.

yes but having both the sky-high US salaries AND termination conditions similar to Europe is kind of a win-win

Only for sky-high earners. Are low paid keyworkers getting same benefits or becoming homeless?

What are you talking about and in what country?

4 months of severance + 2 extra weeks for every year of service i.e. 20 weeks (~5 months) if you've been there for the last 10 years. So ~9 months paid holiday in total. Not bad at all.

No RSUs though, which make up 30-50% of compensation depending on level.

With the stock being down 70% from its all time high, the ratio has changed drastically.

I doubt that's the most important part. Maybe for yourself.

The overall tone and high-level business decisions are much more interesting.