42% of the total company, that's a lot of people.
Best to all. As you wind down please prepare for your final negotiation for severance.
A few notes:
* Severance agreements are negotiable
*.Past one off severance packages at AKebia you are aware of become a baseline for weeks severance for years of service.
* Additionally, any published severance policies can be used as a baseline for forthcoming severance. Beware of them diluting payouts per yes of service vs any published policies.
* WARN ACT, is a federal labor law that requires 60 days notice for mass layoff. If this is not met, they are required to pay the equivalent of 60 days salary / benefits / bonus
*. WARN payout is incremental to severance which can be anywhere from a baseline #weeks payment for all plus 2-4 weeks per year of service.
* Asking for prorated bonus, retention bonus to support transitional business is not unreasonable
*. DO NOT LET THEM LUMP WARN AND SEVERANCE INTO A TOTAL WEEKS PAYMENT FOR SEVERANCE AS IT MAY SEEM GENEROUS, THE 60 DAY WARN PAYMENT IS REQUIRED BY LAW
* Prep for your most important negotiation that benefits YOU.!