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Severance Pay

Generally, employees who lose their jobs in a layoff have no automatic right to severance pay. However, there are a few exceptions:

Mass layoff severance. In a few states, employers are required to provide a small amount of severance as part of a large layoff or plant closing. See "State Warn Laws."

Employer policies or practices of paying out severance. If your employer has a policy of paying severance to all employees (or at least to all employees who are laid off or otherwise lose their jobs through no fault of their own), you might be legally entitled to a severance payment. Courts sometimes interpret a regular history of paying out severance as a contract—or promise by your employer—to pay severance to all laid off employees.

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The only thing growing is WS bankruptcy risk and Twinkle Toe’s bank account.

Who wrote TT will turn this company around.. how long has he been CEO? Look at stock price for his duration.. a small spike before Jeff left.. and sliding down the drain ever since.. taking dividends away from the shareholders.. no raises multiple years for the salary folks .. mass layoffs .. wasteful spending on a network expansion that had no real plan in place before they tried to implement it and wasting millions on wiring buildings where 80 or 90 percent penetration was needed just to break even. Failure to own up to the problems at hand.. oh yea.. this sounds like a real recipe for success.

The only turdhat is you. TT will turn this around, we are a growing company.

Do you also think TT deserves a $1 million dollar raise for kcuking things up soo bad? The pay out to executives this round are ridiculous as stated above.

The big announcement tomorrow? We are going to buy another company.

One more thing- of that chunk set aside for employees, an insanely large chunk will be for, and you are going to love this, manager bonuses, like 30,40,50, 90, 120 and 150k bonuses and c level will get close to or more than $1M extra just to stick around.

Yah, in a perfect world when your company doesn’t owe money to everyone and is dragging around an additional $2 Billion in debt. So what is more realistic is bankruptcy protection and creditors suing for pennies on the dollar for what is owed. A chunk will be set aside to pay employees to keep the lights on and MINIMAL severance to the rest in the beginning - I would say two weeks severance to those lucky enough to be laid off first after bankruptcy announcement, the rest- nil

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some turdhats think you are entitled for wanting protection

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