As per reports, several Indian employees plan for Voluntary Separation Program (VSP), asking them to resign voluntarily instead of the company terminating their contract.
By Ankita Chakravarti: Amazon has asked some of the Indian employees to resign voluntarily and leave with monetary benefits. Amazon fired nearly 10,000 this week and more layoffs are expected to fire more people in the future. As per reports, several Indian employees plan for Voluntary Separation Program (VSP), asking them to resign voluntarily instead of the company terminating their contract.
As per reports, some Indian employees, who are working in the L1 to L7 band in Amazon’s Experience and Technology team have received a note saying they are eligible for the company’s Voluntary Separation Program. If the employees sign up for the VSP, they will have to sign by November 30 of this year. If they sign before the said date, they will also be eligible to get monetary benefits.
“Pursuant to the VSP, eligible employees will have the opportunity to resign voluntarily from employment in exchange for the VSP benefits.Please remember that all Application Forms to participate in the VSP must be received via Smart forms no later than 6:30 a.m. India Standard Time on November 30, 2022,” the internal document says.
If the employees sign the VSP, they are eligible to get up to 22 weeks Base Pay, plus one-week base salary for every six months of service (rounded to the nearest 6 months) up to a maximum benefit of twenty weeks paid severance. Along with that, the employees are also entitled to get medical Insurance coverage for 6 months as per an Insurance Benefit policy or an equivalent insurance premium amount in lieu. Employees in performance improvement programs (PIP) are also not eligible for VSP.
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Amazon on Wednesday confirmed that it is parting ways with thousands of employees across departments. In an email to the employees, Amazon’s Senior Vice President, David Limp, said that Amazon is merging teams. He also informed that some roles are no longer required in the company.To cut down on costs, the company is trimming the workforce.
“As you know, we continue to face an unusual and uncertain macroeconomic environment. In light of this, we’ve been working over the last few months to further prioritize what matters most to our customers and business. After a deep set of reviews, we recently decided to consolidate some teams and programs. One of the consequences of these decisions is that some roles will no longer be required,” he said in the letter.
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