They are using severence pay to manipulate the employees into finishing up work that needs to be done. (Understandable yes?)
Just a week after the original announcement, they have extended the last day worked date by WEEKS! If you leave before that day you will not receive the money that you were entitled to....even if you took another job opportunity. Horrible way to conduct buisness.... treating their employees like lab rat.
Well stated, @5qie+192zj7iF.
You can look for a new job during the severance period. It usually takes several weeks to go through the job application process and interviews. And then you have to wait for a job offer so staying in your position until a later date might not be an issue. Think of it as getting paid to search for a new job. The situation still s u c k s though
i’ve been through several layoffs in my time and they can put whatever they want in a severance agreement. If you want your severance, you have to go by what’s in the agreement. If you have to stay in your job for a couple weeks or a couple months, then that’s what you have to do. it s—s.
Your severance is yours once you receive it. I’m using March 1 as an example termination date in the info below.
Talk to HR if you have specific questions about your situation. I recommend applying for unemployment with your state as soon as possible. They can give you the most accurate information on when you can start getting unemployment. And don’t forget to submit your severance paperwork by the deadline.