From severance pay to bonuses: This is what Google offers laid-off employees

Google will offer some benefits to Google employees who are laid off to help them transition to another job. In the United States, employees are paid the full notice period (60 days minimum) and also receive severance pay starting at 16 weeks of salary plus two additional weeks for each additional year they have worked at Google. 2022 awards and remaining vacation time.They will also be offered medical care, job placement services and immigration support for those affected for 6 months. For employees located outside of the United States, the Company provides assistance according to local custom

Pichai's letter states that the company has undergone significant expansion over the past two years, but in order to sustain that growth, people have been hired on the basis of an economic perspective that is no longer valid. Pichai refers to the prospect of a global recession that could materialize due to the US Federal Reserve's rate hike decision. "I'm sure you have many questions about how we're moving forward. We're having a town hall meeting on Monday. Check your calendar for more details.Until then, take good care of yourself as you process this difficult news," the letter reads.