Thread regarding Qorvo layoffs

Severance options

I am working in Nc, as we all know layoffs are coming and i was wondering, when employee is laid off, does Qorvo give an option to choose between receiving severance in one major installment or in several smaller ones?

I'm mainly asking because taxes are much higher on larger sums, and unless somebody is in a real financial bind, choosing several smaller installments would be a logical choice.

by
| 985 views | | 2 replies (last )
Post ID: @Sl5Hcyb

2 replies (most recent on top)

I got cut back in September, but they listed my severance date as 2 weeks later in October. So thru that date I got paid regularly as if working there, and then my severance pay based on service time was given to me a few weeks after that in a lump sum.

by
|
Post ID: @Sl5Hcyb-2pvt

Lump sum no choice!

by
|
Post ID: @Sl5Hcyb-1hnl

Post a reply

: