I am disgusted to see in some loc. such as EMEA, layoff staff rehired after couple of months in different position after having big fat checks.
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@hcb+1vmleUrf - you are incorrect. Severance is paid in lump sum always in the US
Post ID: @rdm+1vmleUrf He must have elected to get the money/Severance in lump sum which is Crazy @SS Foolish because he would have gotten hit with Taxes like an elephant dropping on his head. Usually severance is paid out just like you were still an employee, every 2 weeks. So even if he got a new Citi job right after his 10th week, we would Not need to pay back 2 weeks remaining out of 12 weeks because he did Not yet receive the remaining 2 weeks pay.
USA
Country?
Post ID: @rdm+1vmleUrf That sounds correct. I heard the same. So the better strategy is to try to get a Citi job After your severance tenure which is usually after 12 weeks.
I have a friend who was laid off twice in his long tenure at Citi. And he explained this to me: If you returned you need to pay back what you got extra; meaning if you have 12 weeks of severance and you are rehired in week 10, then you need to repay 2 weeks. However, in the same scenario if you got rehired in week 13 then that money is rightfully yours. And for the records both times he had to repay the extra money.