Thread regarding Bed Bath & Beyond layoffs

Severance pay lump sum?

Is it possible they skip to the end week and pay a lump sum totaling the few weeks they would’ve give you?

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| 1231 views | | 11 replies (last September 25, 2020) | Reply
Post ID: @OP+16Z44tCu

11 replies (most recent on top)

From my understanding...
If you were hourly ft ( not management) you get 1 week per year up to 10 weeks
If your management then you get 1 week per year up to 16 weeks.

I was also told the full time non management was at 40 hrs???

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Post ID: @8fat+16Z44tCu

Worked 25 years as senior manager and got 16 weeks severance at 50 hours per week pay.

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Post ID: @1zkg+16Z44tCu

How does one person get 10 weeks severance and another gets 16 weeks with same amount of years worked?

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Post ID: @1wmw+16Z44tCu

So seniors didn’t get any OT included in their severance?? I thought that salary to hourly conversion paperwork we signed 3/2019 would of held some kind of recourse in this mess when it came to payouts, and getting the full requirement we’ve been held to while busting a– at the store??

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Post ID: @1lnp+16Z44tCu

****Sorry, senior management got paid their full 40 hours, not 50.

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Post ID: @1hsg+16Z44tCu

Senior management got paid the full amount.of 50 hours a week. Everyone else got their weeks at 35 hours a week. Tax is a standard 22% across the board plus what ever your state tac is.

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Post ID: @1iuy+16Z44tCu

I received my full 16 weeks of severance today. Of course with 30% taken out for taxes. Better than having tax bill next year.

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Post ID: @dci+16Z44tCu

I received my severance today.

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Post ID: @nfo+16Z44tCu

you get your full amount all at once up to ten weeks depending on how many years you worked

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Post ID: @bmx+16Z44tCu

?

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Post ID: @srp+16Z44tCu

Given*

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Post ID: @bht+16Z44tCu

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