Healthcare is volatile right now. Even with no rumors, I want to know what Cengage's severance looks like, what it includes on that front. Does anybody know where I could find out?
14 replies (most recent on top)
@8f6 and your still posting here? Go enjoy your deserved time off. No need to think about this terrible, horrible company while you are enjoying your well earned severance. May the lord bless you and good luck!
@8es I was laid off in the April round and I am getting paid through next April. 27 years.
@8es several of the Gale people who had been there 25-30 years got a years severance. It’s typically 2 wks for every year.
@6mz I was a Gale person, and I did not get a year. And I was at the company for a long time. I know, in the past, people were given a year, but I think those days are over. Or people are given different amounts. If you or someone you know got a year, it would be helpful if you included the year.
@14n this, can confirm. Many Gale people got a year.
[Revising my first post]
I received two weeks pay and medical benefits for each year I served. Ironically, I received a decent merit raise between the time I was informed of my layoff and my actual last day.
I received one week pay and medical benefits for each year I served. Ironically, I received a decent merit raise between the time I was informed of my layoff and my actual last day.
Cengage gives two weeks per year up to 36 weeks.
@vm they gave a lot of long timers 12 months severance. They do what they want.
@vm bruh, I’ve read some fake news on this site, but this thread really takes the cake. Good luck trying to get any severance, this place doesn’t payout. Ever!
And there is often a cap on the length of severance. They only gave me nine months, although I should have gotten a lot more if the two week for every year of service "rule" was applied.
It may not be in every package but some are getting the employee share of insurance paid through the severance period.
So employee on the hook for the amount they’d have paid through payroll deductions.
The migration to Cobra is not graceful - expect a few weeks of messed up coverage and Caremark will refuse to ship. This can be fixed once the paperwork clears.
In some states, they have to pay out vacation regardless. And from what I have heard, severance isn't a policy and the calculation can change anytime.
@OP 2 wks for every year of service and they pay out your unused vacation days. Funny bc if you quit they do not pay out your vacation days.