this post was submitted on 14 Jan 2024
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Layoff season (lemy.lol)
submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]
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[–] [email protected] 57 points 9 months ago (15 children)

I got a huge severance package after only 1 year at my company. That's because of labor laws im Canada. It equates to over a year in salary.

My US counterparts didn't get that, not sure if that 35% applies to the US, but if it does it's much more expensive everywhere else. And yeah, all this so it looks good on paper.

[–] [email protected] 5 points 9 months ago (1 children)

90 days is pretty standard in the US, at least with bigger companies that have to abide by the WARN Act

[–] [email protected] 1 points 9 months ago

We don't do yearly layoffs, but at my employer it's 90 days plus a week for each year of service, and benefits for a year. And if you're eligible to retire, you get to do that also. Last time there was a rumor of layoffs, all the long-timers were hoping they got laid off.

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