- you'll be on payroll through end of December (or so) - it's basically 60 days from the day you are axed
- benefits expire the following month
- each year of service will give you a paid week. if you were with us 5 years and 11 months, you get 5 paid weeks
- ESPPs are sold back to the employee at whatever price they were paid for (not current market price)
- this is for the us based folks only
3 replies (most recent on top)
When I was working at Expedia UK I was taken aside in early 2020 to to be told either I could accept very poor terms of redundancy (1 month of pay and 2 weeks redundancy when I was on 3 months notice) or be put under an"enhanced" performance improvement plan with likelihood of sacking for gross negligence - this after 5 years at the company with great feedback and no warnings about my work whatsoever. All clearly illegal but it speaks volumes about the type of employer it has become.
I know previous redundancies outside of this mass culls has been 1 month per year of service in UK. The first 3 years ex-gratia (not taxed) and every subsequent year taxed. So 4 years = 3 months untaxed + 1 month taxed.
Outside US its 1 month per year of service