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: @Z4fmVVW

2 replies (most recent on top)

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

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Post ID: @Z4fmVVW-bai

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.

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Post ID: @Z4fmVVW-sjg

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