Some of Amazon’s Indian employees have been asked to quit on their own will and get compensation. This week, Amazon laid off roughly 10,000 workers, and more layoffs are anticipated in the coming months. According to sources, a number of Indian employees intend to use the Voluntary Separation Program (VSP), which asks them to leave on their own accord as opposed to the company terminating their employment.
According to sources, some Indian employees who work for Amazon’s Experience and Technology team in the L1 to L7 band have gotten a memo stating that they qualify for the company’s voluntary separation programme. Employees must enrol in the VSP by November 30 of this year if they choose to do so. They will also be qualified to get financial rewards if they sign before the specified date.
If the employees sign the VSP, they are eligible for up to twenty weeks of paid severance, up to a maximum benefit of twenty weeks base pay, plus one week of base pay for every six months of service (rounded to the nearest six months).
Additionally, as per an insurance benefit policy, employees are also entitled to medical insurance coverage for a period of six months, or an equivalent insurance premium payment in its place. Additionally ineligible for VSP are employees participating in performance improvement initiatives (PIP).
The reason for this has been attributed to uncertainty in the micro and macroenvironments.