Thread regarding Teradata Corp. layoffs

Severance Payouts ?

Has anyone from the 3/23/18 Layoff actually received their payout?

Most companies will payout their Severance agreements within 24 hours of signatures... however TD has yet to provide payout on the signed Severance agreements. Since Severance Payments are considered "optional", there are no laws or mandates to regulate the timing of these agreement payouts.

Considering the layoffs took place almost a month ago, it seems like an unusual practice that future layoffs might want to understand and consider.

by
| 1491 views | | 2 replies (last April 23, 2018) | Reply
Post ID: @OP+SMlPDSK

2 replies (most recent on top)

when I was laid off in September, the severance was paid out as paychecks, so for 8 weeks severance, I received an extra four paychecks over 8 weeks.

by
| | Reply
Post ID: @3qev+SMlPDSK

Wait 45 days..

by
| | Reply
Post ID: @1mjg+SMlPDSK

Post a reply

: