Amazon gets government notice on voluntary separation programme: What the programme is and other details – Times of India
As per reports, several Indian employees placed in the L1 to L7 band in Amazon’s Experience and Technology team have been asked to leave voluntarily. Amazon has reportedly sent a note to these employees saying that they are eligible for the VSP. According to the company’s note, eligible employees will have the opportunity to resign voluntarily from employment in exchange for VSP benefits.
The VSP has to be submitted via smart forms between November 16 and 30. Employees have time until November 29 to resign, and they can withdraw their application if they change their mind till December 5, as per the internal documents. Amazon will inform employees next month that their resignation has been accepted, and their last day of employment will be December 23.
Amazon VSP: Benefits offered by the company
As per the documents, in exchange for leaving the company, Amazon will provide employees with a “lump-sum” severance payment equal to three months of pay, plus one week of salary for every six months of tenure at the company, the documents said. Employees will also be given a weekly stipend for 12 weeks and their insurance will continue through the end of December.
“We are working to support those who are affected and trying to help them find new roles on teams that have a need; and in cases where that’s not possible, we are offering packages that include a separation payment, transitional health insurance benefits, and external job placement support,” said Jassy in the note to employees.
For all the latest Technology News Click Here