What does typical Severance package look like for US employees?
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Last I heard was 1 wk per year of service and capped at 26 weeks max. Was much more generous in early 2000s ( or so I heard )
I heard APAC ACOE gets 3 weeks per year service
I believe it is 2 weeks per each year up to 10 years and then 1 week for each year for each year over 10. Some groups that were cut last year, did not get the standard 45 days to find a job.. but historically one would have 45 days to find a job and then severance would kick in. Unemployment can not be collected until severance runs out.
Also, I was let go in 2008.. I went to the Dr before my insurance ran out and had him up my meds so cut them in half and get 6 mos instead of 3 filled before insurance was gone.
One week of pay per year of service.
Peanuts
depends on how big that dollar sign is.
How does it feel to be betrayed and reduced to a dollar sign?