Thread regarding Paramount Global layoffs

Is it 2 weeks severance per year worked, rounding down?


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Post ID: @OP+1k89gy0qe

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is this in addition to WARN notice? in NY that requires minimum 90 days so will the severance on top of that? otherwise it's not a severance - it's just a WARN notice if your your seniority is 6 years.

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Post ID: @qt+1k89gy0qe

yes, and below DIrector the minimum is 4 weeks, maximum 52 weeks. Directors is 16/52, VP is 32/52, and SVP is 52 flat. this is from the severance plan distributed with the september opt in thing.

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Post ID: @py+1k89gy0qe

I don’t know about the rounding down part, but yes two weeks per year worked is their standard severance payment

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Post ID: @pw+1k89gy0qe

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