Thread regarding Nike Inc. layoffs

Severance info

Severance is based on a formula. The formula takes into account your years of service and your grade level. The maximum amount of weeks is capped for each of the grades. For example, a grade 40 with 10-14 years of service will get 20
Weeks of severance. Additionally, to get around WARN notice requirements, they may set your actual termination date into the future(and you will get paid regularly until that date). Thy will also pay your benefits via COBRA for 6 months . While getting laid off su-ks, the package is usually fairly generous
OP: @a4+1kpp75mr6

Thought this might be useful ahead of layoffs.


by
| 1 view | | 1 reply (April 24) | Reply
Post ID: @OP+1kpvhmhha

1 reply

What are the caps for grades 30 and 35?

by
| | Reply
Post ID: @fc+1kpvhmhha

Post a reply

: