The package of pay, benefits continuation, and sometimes equity acceleration offered to an employee at termination, almost always conditioned on signing a release that waives the right to sue the company.
When Meta cut roughly eleven thousand employees in November 2022, the standard package was sixteen weeks of base pay plus two additional weeks per year of tenure, full RSU vesting through November 15, six months of healthcare, and immigration support for visa holders. The terms set the benchmark that Amazon, Salesforce, and Microsoft layoffs in early 2023 were measured against.