How does severance typically work when you get fired? Is it a lump sum?

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I think you either choose one lump sum or a fixed amount weekly for the rest of your life

likefunnyuplifting

Lump sum and they tax the hell out of it

likesmart

Depends on the severance and situation. Can be lump sum or ongoing salary for several weeks with conditions. # of weeks is usually based on level and time with company. Conditions can sometimes be until you find a new job or if you do find within the number of weeks you’ll have to forfeit the ongoing severance.

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