4 ms·

So everyone who is canned will get a severance package? Not sure where this expectation comes from. Does everyone get an employment contract with a golden para

by beezle 4y ago

So everyone who is canned will get a severance package? Not sure where this expectation comes from. Does everyone get an employment contract with a golden parachute these days? If the layoffs are large all he need do is give 60 days notice to those being terminated.

austhrow743 4y ago
For many jobs, notice periods end up being given as severance packages. They keep paying you but don't want you to show up.
LocalPCGuy 4y ago
In many cases a severance package is attached to an NDA and non-disparagement agreement, or whatever else an employer may want to protect against ex-employees doing. In exchange for signing, the employee gets X weeks/months pay, or a bonus of $X, etc.
thebradbain 4y ago
Well, California mandates at least 3 months *pay for salaried employees in many layoff scenarios. There’s some further complexities, but I imagine most employees at Twitter in SF qualify. *technically, notice. But companies can opt to pay 3 months pay in lieu of the notice, if they want to cut ties immediately.