@c3 some states legally require the company to pay out PTO regardless of termination reason. Nike has been applying the same policy to every state for simplicity, but that doesn't mean they HAVE to.
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My advice would be to update your resume and start networking and applying to jobs, if you haven’t already. While the severance sounds great, in this job market it might take you longer than expected and you do not want to burn through severance and savings.
Nike used to payout PTO when you left voluntarily or involuntarily.
If we leave voluntarily, can we cash out our PTO? Or is that only available when being laid off?
@ab I wouldn't assume that severance will be great. The market trend is reduced severance. Go look at the Oracle thread on this site. They have been having massive layoffs every six months for the past couple of years and every time the severance is less. If one company gets away with paying less they all start to pay less.
That’s been my plan for almost a year now. The job market is TOUGH.
I’m not giving Nike 110%, but keeping my head down until I can get out.
Quiting only if a significantly better paid opportunity becomes available. Otherwise, staying until they call my number. Why would I give up severance for someone that doesn't care about you.
Was already planning to