...question to those let go this week...
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Max of one year for severance is quite generous. Most companies only give a max of 3 months severance.
"A max of one year plus buyout of vacation and a bonus of $100 per year of employment."
Sounds like the same as the 2021 VRBP, except the VRBP had an extra benefit for medical coverage.
A max of one year plus buyout of vacation and a bonus of $100 per year of employment.
That's the standard severance for job elimination so yeah.
hearing two weeks for each year of service and four weeks for the first year of service - so with 10 years of service, that would be 22 weeks of severance
Probably more like a safe landing until the next gig, not riding off into the sunset
Glad to hear that severance and bonus were provided to those who were laid off this week.
Yes and yes.