Thread regarding Office Depot layoffs

Is severance even a guarantee?

Sorry if this was asked and answered, but I can't seem to find it.

I'm planning to leave on my own, but staying a bit longer in hopes of being laid off and receiving severance is something I'm also considering.

I am worried though that Office Depot might find a way of wiggling out of paying any more severances at some point. Is that a possibility or are we guaranteed a severance?

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Post ID: @OP+Z4fmVVW

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Do not wait. Get out now. This could drag on with no guarantee of severance. Better to leave on your own terms than be shown the door

Post ID: @bai+Z4fmVVW

Just depends on position and how they classify it. If you're a corp/field employee and they restructure the teams and you end up laid off due to them eliminating your position, than you'll probably receive a severance package.

If you're a GM who has been placed on a 90 day PIP due to sales performance (~1,000 of them) and you don't achieve the 98% to sales than you'll face the possibility of being terminated, due to performance. If that happens, there won't be a severance package, since it's not due to eliminating your position, but rather terminating you and having you replaced.

Post ID: @sjg+Z4fmVVW

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