I mean, most companies do provide severance when they do massive layoffs. Usually because its required by law in that particular state, sometimes as a way to reduce wrongful termination suits, and( rarely )because it’s the right thing to do.
But severance is actually fairly common–especially when you hear about the googles, facebooks, amazons of the world doing them.
I’m pretty sure those googlers that got let go got 6 months salary + benefits.
I mean, most companies do provide severance when they do massive layoffs. Usually because its required by law in that particular state, sometimes as a way to reduce wrongful termination suits, and( rarely )because it’s the right thing to do.
But severance is actually fairly common–especially when you hear about the googles, facebooks, amazons of the world doing them.
I’m pretty sure those googlers that got let go got 6 months salary + benefits.
https://www.nelp.org/publication/fired-with-no-reason-no-warning-no-severance-the-case-for-replacing-at-will-employment-with-a-just-cause-standard/
1 out of 3 is not most, and this data comes from 2022. I’ve read elsewhere that this number might be around 40-42% now, which is still not most.