Does anyone know what the odds are that the current severance package would be updated (lowered or removed completely) prior to the upcoming early 2027 layoffs?
14 replies (most recent on top)
Certainly could happen. Several years ago, it was 4 weeks for every year of service.
Word is they aren’t changing the severance package for this next round of layoffs.
@ap My thoughts too, the people that got laid off early 2026 got the highest severance.
@cp Please don't give the trolls that look at these posts any ideas
I know someone got one month per year
The changes of it changing are slim to none
@a1 Basically two weeks per year of service with a maximum of 52 weeks. Pretty standard.
I wouldn't be surprised if this is cut to one week per year of service in 2027 though.
Current policy is generous for severance, but who knows if they keep it for 2027.
@aw It is not on Iris. It is on the HR Central site. From Iris click on HR Central (upper left) and then on that site search for "Severance". Then click on the Summary Plan Descriptions - Enterprise Severance Pay Plans and you can see the list. The first one is the most recent (updated July 1, 2026)
I am on iris website and unable to find severance related information.
If rumors are to be believed, it has already been slashed by 40% to 60%, since severance isn't a legal obligation and can be altered at will in at-will employment
@a2 I’ve only seen where you can look up current severance, not when if/when it can change
@OP You can look it up on IRIS, maybe even WD. It’s a policy that can be accessed.
What is the current severance package?