Thread regarding 2U Inc. layoffs

Severance Negotiation

Has anyone had a lawyer review and begin negotiating the severance?

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| 1481 views | | 9 replies (last October 6, 2023) | Reply
Post ID: @OP+1oWT00VZ

9 replies (most recent on top)

The D.O.E. may also want to take a much -much -much closer look at various areas of this operation?

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Post ID: @1rrs+1oWT00VZ

Always, always best to chat with an employment lawyer all the same (signed or unsigned, still employed-ect).
Let the lawyers help in knowing what type of treatment and/or activities that have taken place and what your rights are. Some actions may supersede...
See what lawyers think.

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Post ID: @1npp+1oWT00VZ

Ah. I did sign an agreement, but I was in Utah and it did mean I couldn’t collect unemployment. But hey - it was Utah so…

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Post ID: @1tmu+1oWT00VZ

Severance and the ability to collect unemployment depends on which state you live in and the terms of your severance agreement. In the case of the 2U severance you were required to waive your right to make any claims against the company. In MA, this leaves you eligible to collect unemployment insurance even while getting severance payments. If the severance agreement did not make you sign away any claims, then you would not be eligible for unemployment until your severance runs out.

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Post ID: @1uhi+1oWT00VZ

@btw+1oWT00VZ I’m not privy to the details of these packages, but usually companies pay out a severance in one lump sum vs as continued salary. This does NOT preclude one from getting unemployment.

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Post ID: @1wdr+1oWT00VZ

An organization that rammed their hundreds and hundreds of employees to dust, by working them so hard with so little reaping of the profit$?!
I'd say, yeah...that organization "is required to provide severance if you work in an at will state."
CrookEd

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Post ID: @nep+1oWT00VZ

Is an organization even required to provide severance if you work in an at-will state?

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Post ID: @wri+1oWT00VZ

Also, keep in mind that if you get severance, you can't get unemployment right away. I learned this the hard way a while back at a different company.

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Post ID: @btw+1oWT00VZ

In all fairness, 2 weeks for every year worked is considered very generous. Plus 3 week notice pay.

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Post ID: @det+1oWT00VZ

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