If someone is on WARN period notice and accepts a new job within a week, do we have to say we accepted a new job to the current employer? Will the new job affect getting both or only one (the notice period payout or severance)?
Also, let’s say I don’t say anything and take both the payout and the severance while working the new job, how would I explain the job timing overlap of two months to my future employers?
@1ny Correct. I've seen several former Citi employees do this including MDs / Ds.
For example, there was a mass Layoff @ the end of February 2025, which means including Garden Leave and Non-working pay, the employees were still on payroll books until the end of May 2025.
Some found new employers after only 1 to 2 months. So their new employer start date was early April or early May 2025,
They were basically collecting 2 paychecks for 1 to 3 months. Their end date at Citi was May 31, 2025 and intersected with their new employer start date.
The same employee can pay for 2 different employer's medical plans but doing so is foolish, insane and simply flushing money down the toilet. It will also cause a logistical nightmare.
If or when you or the doctors need to file a claim, both medical plans will NOT pay for the medical treatment and/or prescription medication.
Let's say at Citi you had Aetna Insurance, and at Company-B you have United Healthcare Insurance. Your doctors or you file a claim with both insurance companies. The first one, Aetna will most likely deny your claim because you have a new employer, Company B and new insurance. In fact, both Aetna and UHC may deny your claim until you sort out and designate which insurance company should pay the claim.
Why would anyone in their right mind pay 2 insurance companies for the same coverage ?This is like buying 2 Auto insurances for the same car.
Also, if the doctors file the claim with 2 different insurance companies that's double dipping and double charging for the same treatment, which I believe is illegal.
Same with Dental Insurance.
@OP You do NOT need to legally inform either employer (Citi or the new employer) that you're getting severance from Citi. You do Not legally need to inform Citi you found a new employer and vice versa.
You can collect your Citi severance and simultaneously get your paycheck from your new employer. In this lucky scenario, you're basically getting 2 paychecks from 2 employers over several months, one of which (Citi) Fired/Laid you off.
What you do Need to legally Do is inform your U.S. State's Unemployment Insurance Office that you have a new employer so that they will cease giving you UE money.
@OP I’d make sure severance wasn’t impacted. Also, you cannot be on two companies medical plans at the same time.
@OP there is no explain to new employers. You put the start time of the new job and end the old one on paper then…no one will validate
your end date. If you did ever need to explain, there are times Citi reports individuals as employees when on garden leave because they are still paid (eg delayed or bad reporting).
Go with the new and don’t look back or give any extra info!
As long as there are no legal ramifications such as case filed by company who paid severance, it can easily be managed. Working two jobs is never a crime.