For those of you who have been notified Is the whole "you can stay for two months" included in the severance or separate?
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The guy I know that just got laid off said his badge dies on Thursday and he doesn’t have to do anything after that. So he’s getting 2 months of pay and 16 weeks of severance for doing NOTHING. He was almost doing somersaults while telling us.
Is true? 16 weeks for the first 3 years of work + 1 week per year after that? And CC still pays their medical insurance portion + honoring tv/internet as employee?
Okay now I wish I could be laid off
HQ, I’ve been laid off here before , severance happened after my final day, which was about two months after notice. 4 months of severance felt like 6 months, essentially
@aa fair enough for this but it might be in some situations they’d want you sooner and you take a gamble of losing a job you’ve lined up. Ideally yes you could start in Jan in this scenario but things don’t always line up that nicely
@a7 why would you give 2 weeks. youd jsut tell the othe employer you start after new years.
Yup, one of the main reasons for severance is to try to ensure that employees continue to do their job until D-Day. The figurative carrot in front of the horse. In this case, on the way to the glue factory.
@a7 Thats correct. AFAIK, if you quit before your end date you lose your severance.
I would assume after - there’s probably a lot of cases where someone finds a new job, gives 2 weeks all before the 12/31 date, and presumably the company doesn’t then give the severance and saves money?
Severance starts on 1/1 for 95% of the employees impacted, you are an employee (with access to email/comcast now/etc.... till 12/31.
In very rare cases (usually the executives) it starts sooner because if someone has been privy to private information & future business strategy and as a result it is a risk to the company for them to continue to have access to company internal information.
They are likely losing access and no longer considered an employee within an hour and at the latest the end of the day. Severances would kick in from that point forward.
Damn, I wish I got laid off then.
It starts after your last day of employment.
no the severance does not include the remaining. working period.
@OP In the past it was after the end date I.e. 12/31
I don't know, but I doubt they can call it severance if it includes pay from time you are working.