My first time being laid off. What do I need to know about severance before signing?

Any red flags to look out for?

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I was laid off from Accenture and received both severance and unemployment benefits. You’ll have a phone interview with the State and need to state that it’s not performance / other issues related, but a layoff due to lack of work even though Accenture don’t flag it as a layoff due to known reasons. The state will ask you for a proof, but Accenture HR will not provide you with that. I requested a letter, but they refused which was expected.

One approved by the state, you’ll need to sign / certify unemployment every week/other week. If you miss, no payments onward.

You need to make your Cobra payments to Accenture. Set up auto-deductions bc if you miss a payment, you lose your insurance for good. Cobra is pretty expensive so hope you find a job soon!

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What does the paperwork state? If it says terminated due to performance issues, then the State won’t give you unemployment. If it says terminated, you can tell the State interviewee that it’s due to lack of work. They will ask you why…

Make sure to ask if you will receive a severance and unemployment. I was promised both but after I received my last severance check they denied my unemployment claim. Also, ask for continued healthcare coverage. If you’ve been with your company for 3+ years I would pay an attorney to review the severance package and negotiate the terms.

They're offering cobra health coverage.

Its all the money you have use it wisely it wont be much. Hopefully you can get unemployement thats not much either.. GOOD LUCK.. been laid off so many times im a pro at it..

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