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Here's How Much Severance Laid Off Tesla Workers Are Getting [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
CEO Elon Musk sent an email to impacted employees late at night on April 14 letting them know they were immediately terminated and cut out of Tesla's internal systems. He also told them that they would receive their severance information “within 48 hours.” Now, Business Insider is reporting the Austin, Texas-based automaker is offering workers two months of severance pay , which means they'd get paid through June 14, according to five former workers who spoke to the outlet . It does not appear that the packages are weighted based on the length of service at Tesla . That means workers with anywhere from a few months to several years of work at the automaker got the same number of weeks paid out. Brutal. That, folks, is why ya need a union. Additionally, Tesla workers were given “either 30 days or 3 months (or both)” from their termination date to exercise their vested stock options . Staff would also have the PTO that they'd accrued leading up to their termination date paid out in
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