Bundle comparison Google, Amazon, Microsoft, Meta, Twitter

Google headquarters in Mountain View, California, US on September 26, 2022 (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)

Anadolu Agency | Anadolu Agency | Getty Images

Technology companies have laid off tens of thousands of workers in recent months as the industry grapples with lower risk appetite by investors and higher borrowing costs. Laid-off employees across the tech sector are entering an uncertain job market, with headcount cuts being made across all experience levels and teams. Few companies, with the exception of Apple, have been immune.

Laid-off workers will receive severance packages of varying size and duration, depending on where they work. Here’s what some of the biggest tech names promise to their employees.

the alphabet

Microsoft

Amazon

sales force

meta

Mark Zuckerberg, CEO, Meta Platforms Inc. , center, leaves federal courthouse in San Jose, California, United States, on Tuesday, December 20, 2022.

David Paul Morris | bloomberg | Getty Images

At the time, Zuckerberg promised “every” laid-off employee 16 weeks of severance, plus two weeks for each year of service, plus an award of restricted quota units and health insurance coverage for a predetermined period of time.

In December, some workers laid off from an unconventional apprenticeship program told CNBC they were receiving substandard severance packages compared to those of newly laid off employees. Instead of the 16 weeks promised by Zuckerberg, they received only 8 weeks of base salary, among other material differences.

Twitter

layoffs in Twitter started shortly after Elon Musk completed the acquisition in October. Twitter was expected to lay off more than 3,700 employees, or more than 50% of its workforce. Ultimately, several employees quit after Musk announced that Twitter employees were expected to adhere to a “hardline” work environment.

Under the terms of Musk’s purchase deal, existing severance agreements were to be honored by the new management. But a group of Twitter employees filed a class action lawsuit in November, shortly after the layoffs were executed, accusing Twitter of firing them in violation of California’s notice of layoff law.

Musk was previously said The laid-off employees will receive three months of severance pay. But some Twitter employees said that when they got their termination letters, they were only offered one month of termination in exchange for a non-discrimination agreement and waiving their right to sue the company.

The class action lawsuit was updated shortly after it was filed with allegations that Twitter was offering some laid-off employees half of what they were promised.

CNBC previously reported that Twitter also laid off more than 4,000 contract workers without notifying them in advance.

— CNBC’s Annie Palmer, Jonathan Vanian, Jennifer Elias, Jordan Novet, Laura Kolodny, Ashley Cabot and Sophia Pitt contributed to this report..

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