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Severance Packages

By BankersBall on Nov 19, 2008 in Layoffs, Salaries

What are people being offered?

We have one data point from ____sie, a very plugged-in sort of guy. $250k. We trust this is not normal.

Tell us your severance packages below.

10 Comment(s)

  1. On Nov 20, 2008, notorious said:

    heard 70% of base was typical lehman ibd offering. (at least for analysts and pre-mba associates)

  2. On Nov 20, 2008, no no notorious said:

    Citi was 30k

  3. On Nov 20, 2008, Sr. Excel Monkey said:

    I heard about 40% of base.

  4. On Nov 20, 2008, Carl said:

    $1.

  5. On Nov 20, 2008, no no notorious said:

    2 mo + ~11 + 5 + vac days

  6. On Nov 22, 2008, wallstreetwarrior said:

    40% of base for typical analysts and associates is in the ballpark.

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  7. On Nov 24, 2008, obvious said:

    not enough

  8. On Dec 4, 2008, The kid said:

    DB was 35% base

  9. On Dec 11, 2008, Screwed Hard said:

    Jefferies MD - 12k severance + 2 months of med/dental.

  10. On Dec 13, 2008, txbank said:

    17wks + 3mths insurance

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