First of all, i empathize with all my coworkers that were impacted today and wish them my best as they pursue other opportunities .
I survived today but want to know what is the severance package offered this time?
Is it std severance(2 weeks per yr of service and capoed at 35 weeks pay) and same amount of medical coverage upto 35 weeks? TIA!
6 replies (most recent on top)
@a7 your service doesn't matter. Any banked vacation you have will be paid out and it is not reliant upon you signing the severance agreement.
Any banked vacation weeks paid out on top of 35 weeks cap, if service is 18 yrs?
Thanks in advance.
Maybe, he is concerned about the NEXT layoff which is coming in March, 2026 which our daughter told us. She got axed today after 17 years. She only worked one other place for @ 1 year. She had interned at Verizon and went with them when her first job did NOT work out. We are giving her all the emotional support we can. I have been there, done that in the 80s. Mind, heart and soul crushing. We ALL survived. Hubby was always Self-employed. We are retirees in our late 70s.
@OP I guess that I am NOT surprised. They did NOT add connectivity and ALL DAY, our daughter has NOT been able to find out her package. Sounds like a rush and hurry butcher job.
Yes it was a standard severance. Typically they only enhance it when they are looking for volunteers. Those days may very well be over.
Why do you care Mr. Empathy???