We know more layoffs are coming. I'm wondering if there's a chance severance might undergo some changes before then. Has that happened before?
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The official severance policy was last updated in 2014. Whether or not they plan to change it again anytime soon is anybody’s guess.
If they were smart they’d cut severance plans in the new year and make a big show of it. That would drive a lot of the 10+ year crowd to start looking and leave on their own instead of waiting for that cushy severance package/paid vacation.
Does anybody know if there are any laws or local incentives that keeps something like this in place?
Can they? Sure. They can do anything they want. However, the severance policy doesn't seem to have changed much over the years and the severance packages in this round are consistent with previous severance packages. Don't lose sleep over it.