"Severance package was on an average 3 months basic component of salary, which is like 6 weeks full pay."
That's not bad - probably more than most people would get here in the UK.
That's not bad - probably more than most people would get here in the UK.
This 'basic pay' will usually be 1/5 or 1/7 of monthly net/gross pay. So, for an average worker (say 3+ yrs) in IBM India, the monthly gross would be around INR60K => severance would be around INR20K, which is really a paltry sum.
It isn't a huge chunk of money in India, just decent enough to get by barely for a month, considering that much of these folks might be having loans/EMIs to pay for.
If the news (that thousands of Indian IBMers from STG losing a job) is for real, they would have a hard time indeed; since there isn't much of IBM-STG kinda stuff happening around (except for shops like redhat/intel/VMWare which might be interested in few folks with sysprog background). People who had entire careers built on and around AIX (not programming, but maintenance/config/admin etc) probably will have a really tough time. Managers, well, guess they just had it coming.