Severance Packages
Comments focus on severance pay in employee terminations, debating conditions for receiving it (e.g., firing vs. quitting), attached clauses like NDAs, and company strategies to avoid payouts.
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From the article it sounds like it was a condition of a severance package.
Because you'll get severance if they fire you.
They say they are giving severance, so I wouldn't be so quick to judge.
Severance is a "we'll pay you to leave quietly" deal, not an entitlement. If the company plans to be continually laying people off (kind of a stupid idea because it makes your other employees nervous) they can find other ways to ensure silence from their victims.
Six months of severance is no upside to the employee?
How does this secure you a severance payment?
Sounds like they didn't get a severance agreement.
sucks you can't take the severance though. its usually a don't sue us card
It sounds like being fired with severance is exactly what they want. Maybe better to let them leave on their own.
Does this mean their contracts had no mention of severance pay? How is it possible to not compensate when it's not the employees' decision to leave the company?