Laid Off Techies Being Placed At Non-Profits
from the interesting-program dept
Cisco has a program it offers some off the workers it has recently laid off. Instead of accepting the normal severance package, they can spend a year working at a non-profit, in exchange for approximately one-third their regular salary – but they keep their benefits and their stock option vesting. At the end of a year, they can try to get a job back at Cisco (if any are available). Of coures, the total payout is about the same whichever package they take, but for some, it’s a worthwhile opportunity to spend some time working at a non-profit.