Announced today. Earnings call Thursday the 20th. Why so quick after Announced?
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udm - Careful. For a company in decline (any debate, here?), severance becomes a volatile scenario. The longer the decline and lay-offs continue, the higher the probability that severance packages will be reduced in value, until they ultimately disappear. There is no legal requirement to pay severance, or even for packages to be the same for all employees in a given class (tenure, position level, etc). Add to that the fact that layoffs tend to increase in size as time goes on, creating more competition for jobs. Plus, those left behind after a layoff find their workload/stress increased with no compensation. The net is that this is a parade that you might want to get in front of.
Bad feelings confirmed.
For what it's worth, I think you're all smart in waiting for your severance. The best advice I ever received was from a DOE who was laid off about a year prior to my departure. He told me that the company owed me the severance, and do allow them to pocket that money. Great advice. hang in there, everyone.
Waiting on a severance, roll one out baby.
We are looking and waiting for the severance. The first time there are layoffs without a severance the exit doors will be propped open for ease.
Poor student support, poor employee support, poor morale, excessive executive payouts- why are you people still working there?