Part of the 9/3 layoff. I signed severance document on the 4th. Anyone know when we can expect payout?
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It’s paid out in one lump sum and taxed heavily.
Does anyone know if the severance is a lump sum or spread over the length?
@OP Terms should be in the severance letter. Normally after signing there is a revocation period for you to 'change your mind'.
Once that timeframe has passed, it'll be paid on next pay cycle.
My lay off in 2024 was every full completed year you got 2 weeks. I was there for 4.5 years so I got 8 weeks.
We should be getting our final paycheck today (if you were kept until the 17th), then on the 15th of October, we should be getting our severance. I had the same question and sent an email to the “help team”.
Sorry to hear this. I think my job isn’t safe and will be laid off soon. How many weeks of severance pay were you offered? Was it based off of years of service or a set number of weeks?
Would think it would be in your severance documentation. Think that FIS would be the folks to ask.