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Tech giants are laying off thousands of people. Here's how their severance packages stack up.

Matthew LohNov 10, 2022, 16:11 IST

Half of Twitter's 7,500 employees were laid off on November 4, an internal document showed, as new owner Elon Musk began a major revamp of the troubled company.SAMANTHA LAUREY/AFP via Getty Images

Meta, Twitter, Stripe, and Lyft all announced broad cuts from their teams this month.
More than 15,000 employees have been laid off across all four companies so far.

Several tech giants have announced mass layoffs in the first week of November, with more than 15,000 tech workers given their marching orders so far.

Meta is offering 16 weeks of base pay to laid-off employees, with additional weeks based on how long employees worked.

Mark Zuckerberg, founder of Meta.Getty Images

Twitter is offering all employees three months' salary as severance.

New Twitter CEO Elon Musk.Muhammed Selim Korkutata/Getty Images

Lyft is giving 10 weeks of pay, with veteran team members receiving more.

Logan Green, Lyft cofounder and CEO.Noah Berger/AP Photo

Stripe is paying departing employees at least 14 weeks of severance.

Stripe cofounder John Collison.Stripe

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