Anyone know how/why someone would get an option to defer severance? I saw it’s through Dec 2026 and curious who they would offer that too?
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Some will be asked to stay and help swing the axe. Same as it ever was.
Suppose your termination date is extended for a long time. I wonder if you can post in a PDC if it occurs before you are officially separated?
You have I think 90 days to sign the papers once you are out the door so some flexibility on timing but not a lot.
It’s the company’s option to defer, not the individual’s choice. If the company needs you in a position longer (such as to train your replacement in ENGINE) it’s called a transition position and you need to stay until the date they indicate in order to receive the severance. It’s in the FAQs.
likely to be earlier and faster
they wanna get you off the payroll ASAP so that quarterly earnings will look good and our stock price will look good
A subset of people might be retained in transition roles for up to a maximum 12 months taking them into 2026 and you won’t get your severance until you complete the transition period. It’s all detailed in the site that was lined with Mikes email outlining the process,
It would only make sense to me to defer if your severance would push you into a much higher tax bracket. So if you laid-off in October, it could make sense to defer to January of the following year. This is especially true if your severance would be 6 to 12 months of pay.