Has anything changed?
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Is it true that senior management got 1+ year?
Just a word on severance. They pay you in ONE LUMP SUM. Then they take the taxes based on that lump sum - so your net income via severance will not be the same as it would if broken up into separate paychecks. You'll probably get it back when you file next years taxes, but your mortgage payments will have to continue sooner than later. Just be prepared for that.
@aw less than 3-4 months if your tenure / role is different.
@OP Severance depends on your tenure with the firm. It can be more than just 3-4 months; it can also be less.
For this cohort/round that was just laid off…3-4 months worth of pay in a lump sum payment, and medical benefits through the end of February, which is pretty harsh when you think about the people who were laid off who have young kids with medical conditions.