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As an ex-employee, you're entitled to the 18 months by law. The difference here is that Dell is apparently paying for it, not the employee (although maybe that'
by jlgaddis 13y ago
As an ex-employee, you're entitled to the 18 months by law. The difference here is that Dell is apparently paying for it, not the employee (although maybe that's what you were referring to as the "crazy" part).
- toomuchtodo 13y ago> although maybe that's what you were referring to as the "crazy" part Yes. To be frank, in my mind, that offsets a lot of ill will toward the layoffs. Sure, you're getting let go. But you'll have almost 2 years of health insurance paid for, and unemployment for at least a year (plus severance). Not that bad of a deal.
- adanto6840 13y agoYeah, that's a whole lot of cash to be paying out, especially times 15,000! Even over two years, its a LOT. Has to be at least $100 million I'd think, possibly even just in the insurance cost alone, not to mention the direct severance compensation too. Very respectful & respectable package IMO, probably why the news was released on a Monday, eh? ;-)
- toomuchtodo 13y agoLuckily for Dell, the health insurance is going to be a straight business deduction.