As an employer, there are several advantages and disadvantages to severance packages for employees that you should be aware of. Employer's Option One of the advantages of a severance package is ...

Ford salaried employees, who were shocked when they were let go this week, are reviewing severance packages that could offer up to nine months of pay for longtime workers. David Kudla, CEO of ...

Ford Motor Company plans to email employees on Tuesday details for severance packages with a goal of shedding at least 1,400 U.S. jobs by the end of 2020, and the Free Press has obtained details ...

The amount of severance pay that employees are eligible to receive is often tied to how long they have worked for a company. Employers often use a formula to calculate how much time an employee ...

Ford salaried employees, who were shocked when they were let go this week, are reviewing severance packages that could offer up to nine months of pay for longtime workers. David Kudla, CEO of ...

Consider the financial impact. Severance packages may affect your finances in a number of ways. So, once you get the pile of money, don’t do anything just yet, Jackson warns.

General Motors is offering buyouts to a majority of its salaried employees — some of whom could receive severance pay of up to 12 months.. The Detroit-based auto giant has given the company’s ...

“Everything is negotiable,” says labor and employment attorney Alex Granovsky of Granovsky & Sundaresh PLLC.. “Your employer is (probably) not offering you a severance [package] to be nice.

On Monday, Uber announced a second round of layoffs, cutting 3,000 jobs. In the last two weeks, the company has cut 25% of its global workforce, or nearly 7,000 employees.

In some cases, such as with high-level executives who secure very handsome compensation packages, the severance pay can exceed what the employee would have received in salary had they remained at ...

Severance pay is calculated based on many aspects such as terms agreed in employment contract, length of employment, age, position, availability of employment, salary, and benefits. Companies usually ...

Some employees being laid off by Big Tech companies can expect generous severance packages. But accepting severance also means giving up the ability to bring future claims, labor lawyers said.