Does your job offer a severance package for layoffs? Our company offers 1 week of pay for teach year you’ve worked there for severance.

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Packages like that seem pretty standard. If people are laid off what's really important is to make sure you get your unemployment claim in right away. Some states take forever, and some states have a system designed to make it difficult. The sooner you get on it, the better off you'll be. Don't dawdle or think you won't need it, you probably will.

That's it?

That is how are company does it as well. I have worked at companies that didn't offer severance at all so I guess it is better than nothing.

My husband was recently laid off and they offered 5 weeks severance for everyone being laid off, regardless of years at the company

Mine offers 2 weeks per each year of employment. I heard it used to be 4 weeks per each year but they reduced it.

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Additional Posts in Salaries in Finance

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