this post was submitted on 14 Jan 2024
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I got a huge severance package after only 1 year at my company. That's because of labor laws im Canada. It equates to over a year in salary.
My US counterparts didn't get that, not sure if that 35% applies to the US, but if it does it's much more expensive everywhere else. And yeah, all this so it looks good on paper.
90 days is pretty standard in the US, at least with bigger companies that have to abide by the WARN Act
We don't do yearly layoffs, but at my employer it's 90 days plus a week for each year of service, and benefits for a year. And if you're eligible to retire, you get to do that also. Last time there was a rumor of layoffs, all the long-timers were hoping they got laid off.