Are they going to give a standard severance if you are laid off?
21 replies (most recent on top)
It’s 1 weeks pay per year of working there
Is the pay calculated on just your base pay, or the average weekly pay all in (commissions, etc) from the previous year?
There is a layoff this month?
Part of the riff today, 1 week per year, worthless.
@dc Gonna make you squeal like a pig boy !
Severance? It's more like Deliverance. Your turn in the canoe is coming soon!
@cb Thank you for this information.
@cb Good summary. If you are retiring, the lump sum is now limited to 50% of PV. 50% has to be the annuity.
@OP If you are US-based employees, severance is defined in the HR policies, which can be changed at-will by the SLT. Under certain conditions (location and number of impacted employees), WARN notice will be required and during the notice period, the employees will be paid in addition to the severance. US-based employee severance depends on years of service and the grade level, capped at 12 weeks. In my case (impacted in Feb 29, 2024), WARN was not applicable so I have (2) weeks of non-working notice of which I was paid the normal salary and health/dental coverage continued. However, your badge and e-mail will be terminated immediately after your manager delivered your exit package. After I signed the exit paperwork, the severance payment was made in a lump sum. Impacted employees need to get health insurance coverage on day 1 after the notice period ends as health insurance does not continue during severance (it is a lump sum, not a salary continuance). They can call Xerox Benefits Center to find out how much COBRA will cost. in 2024, COBRA with Xerox was very pricey so I had to go to ACA market place plus 1 month of short term health insurance to cover the time gap. For all impacted employees in 2026, best of luck!
@ar as usual, your reading comprehension is low. This was in the ‘80’s in the US.
@at most modern countries have healthcare separate from their employer, except the US. Losing your income is hard enough, and now Americans have to scramble to find unaffordable healthcare insurance. They should never be tied together.
@c2 getting paid for unused vacation time doesn't make much of a difference in a February layoff of course. But yeah the flexible time off is a money maker for Xerox.
@a5 and thanks to the new vacation benefit - Flex Time off - you don’t get paid for unused earned vacation.
Funniest question on here that I have ever heard. Period.
Severance??
Take your s h I t and get out.
UK have a minimum government standard
In Canada it’s one week pay for every year employed... and all the substandard health care you can eat.
@a7 in what universe did this exist!?!? In the U.S. its 1 week per year max 12 weeks no Healthcare.
@a5 this is for US employees only. Other countries have different entitlements.
@a5 when they first started doing this it was a month for a year, no cap + health continued.
Took me a year and roughly 200 applications but I’m finally in the running for 2 excellent positions.
No reason to believe they wouldn't. Standard severance is a max of 12 weeks depending on years of service. A far cry from the severance they used to give years ago, which was 2 weeks of pay per year of service, up to a max of 52 weeks.
So 12 weeks gives you 3 months to figure out your next steps, if there are any. Likely you don't get healthcare during those 12 weeks other than buying your own on the exchange, going with a pricey COBRA, or hoping your spouse has something better than you had at Xerox.