I've seen people dismissed on the same day or the day after. What happened to the WARN Act, where if the company is laying off more than 500 people they have to give each employee 60 days notice? I've heard estimates of around 800 employees, so isn't Visa supposed to give employees they lay off 60 days notice?
5 replies (most recent on top)
thank you @kay
@mbf - I think the OP was puzzled why no WARN notice was filed - remember, if you have a company making billions, execs going home with tens of millions every year - you'd need to ask yourself is 60 days of pay for someone (who worked countless overtime hours and weekends) just and right.
Now, granted that's not all you get but I think we'd want to see more generous farewell packages...
Finally, the issue here is also how much advanced warning the employee gets - I think that got answered with links to a number of existing posts...
Visa can and should do better...
Losing a job is terrible, but
60 days pay, in lieu of the 60 days notice, is certainly better for the employee, right? The time can be utilized for searching a job. Company probably doesn't trust the employee on notice anymore, hence the pay. So, why is most replies against 60 days pay?
On the 60 Days Notice Question
Here is a collection of previous posts on this topic:
WARN requires 60 notice or 60 days pay in lieu of notice
Post Link: @CY1FLuD-2RUr
I am receiving the 60 days pay plus health insurance in lieu of notice.
Post Link: @BMpdmxF-41pU
If the company designates that severance benefits are made in lieu of WARN notice, then unemployment benefits may be delayed for up to 60 days.
Post Link: @EvjOYJr-sXo
File today. If you sign an agreement that severance was paid in lieu of notice, then benefits may be delayed 60 days. The April agreement did not say that severance was in lieu of notice and people collected beginning the first full week they were unemployed.
Post Link: @EvjOYJr-hJr
By law they're required to give employees 60 day notice of layoffs. By paying us 8 weeks, they get around this law. It's called pay in lieu of notice. It's not them being compassionate, it's just them avoided lawsuits.
Post Link: @DHPvAuK-Amt
They can give you a 60 day severance payment in lieu of the notice. That's why people get 8 week severance, in that case they do not want to file anything.
Post Link: @EgNNESF-5mk
60 day notice - Will there be a 60 day notice for laid off employees? Will the employee be paid for those 60 days in addition to the severance?
Post Link: @FxAOzPj
I believe they did comply. The impacted employees are still employees through the beginning of January. They need to turn in everything and access is shutoff early next week, but I believe they were not required to stay and could leave immediately.