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How common is severance? | Fairygodboss
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Anonymous
How common is severance?
My company laid folks off last week and did not offer any severance which surprised me. Some had 10-20 years with the company. The company said they were offering generous separation packages to affected employees but the employees said that didn’t include severance it just involved paying them their accrued vacation and offering COBRA. I am honestly surprised and disappointed. When one affected employee (with 14 years at the company) inquired why no severance the HR person said the company didn’t feel it was necessary. The company did a staff reduction in an effort to cut expenses, blamed on covid but really just low sales. I am most irritated they said they gave generous separation packages when they didn’t do that IMO.
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