Thread regarding Verizon Wireless layoffs

Is this a buy out or a severance? Are they the same thing?

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Post ID: @OP+VqkAD0n

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It’s not the same if you look into it deeper

If you take a voluntary separation then you get paid X amount but you are not eligible to collect unemployment benefit

If you are laid off and given a severance then you are eligible for unemployment benefits

I say that in general as some states might have different laws

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Post ID: @Czbf+VqkAD0n

Yes it is the same thing. They pay a lump sum severance to "buy out" your employment.

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Post ID: @cboj+VqkAD0n

Neither it’s just Monday screw you and your cubicle

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Post ID: @exd+VqkAD0n

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