There has a lot of speculation that the final round of layoffs for 2018 will be on December 13th (or a recent thread indicated December 10th). There was supposed to be a layoff on November 29th, but no such layoff occurred. Rumor had it this layoff was pushed back two weeks to coincide with the December 13th layoff.
With the combined final layoff, and the breakout that "NumbersGuy" showed on this thread (Link: https://www.thelayoff.com/t/W0VxvHI) the anticipation is there will be greater than 250 layoffs. Based on the FEDERAL Department of Labor regulations, layoffs in excess of 250 employees require a 60-day WARN (Worker Adjustment and Retraining Notification) notice to be submitted to the department of labor. BUT, New York has a more stringent WARN requirement of 90-Day WARN notice. After a quick check on the NY DOL website, no such notice has been issued (Link: https://labor.ny.gov/app/warn/).
So, Xerox appears to be avoiding the preemptive WARN notice by providing a MINIMUM of 60 days (8 weeks outside of NEW YORK State) or up to the required 90 Days (12 weeks in New York State) of severance pay (which provides a "Payment in Lieu of Notice").
The severance calculation must be based on the average regular rate (wage) over the previous 3 years of employment. In addition, the severance must include the cost of medical expenses over the employment loss period (minimum of 60 days, or 90 days in NY). Here is a good article from a Labor Law Firm.
Article: https://www.polsinelliatwork.com/blog/2016/3/30/five-warnings-when-paying-in-lieu-of-warn
This website will show you if your state has additional WARN notice regulations (like NY State): https://www.employmentlawhandbook.com/state-employment-and-labor-laws/state-layoff-notice-laws/
There is little doubt that there will be layoffs this week. Please provide updates if you hear anything, and be sure to research your rights BEFORE YOU SIGN ANYTHING.
You are entitled to a minimum of 60 days of pay and 60 days of health insurance based on Federal Law...and potentially more if you work in a state with additional regulations.