Discover what a severance package is, its benefits for laid-off employees, and tips on negotiating terms to ensure financial transition security.

On February 12, Kontoor Brands (KTB) adopted a new Executive Severance Plan (ESP), releasing the details in a filing with the ...

The average severance package across industries was 19.3 weeks in 2024, up from 15.6 weeks the previous year, according to a Dec. 30 report from executive coaching firm Challenger, Gray & Christmas.

Rivian announced on October 23 that it was laying off 4.5% of its workforce. The company put affected employees on paid administrative leave for 60 days. Laid-off workers will receive a severance ...

So much for the Great Resignation and quiet quitting — it’s no longer an employee’s market. And that’s being reflected in return-to-office (RTO) policies and severance packages. Many companies started ...

A proper severance package looks at the whole picture. Anything less is not only unfair; it is legally dangerous ...

Return-to-office orders are hot right now, and some companies are offering severance for those who don't want to return. NBCUniversal joined that trend this week with an unexpected twist: Severance ...

Google is reportedly offering voluntary exit packages to employees on some teams within the global business organization (GBO ...

The union representing workers at TCGPlayer in Syracuse has negotiated severance packages for employees who will be losing their jobs this summer. The closure, which was an announced in late May, will ...

The Washington Post let go of hundreds of staff Wednesday in a major restructuring. The cuts are hitting desks across the newsroom, including sports, foreign affairs, and books. The Post is offering ...