To anyone who’s been laid off from a major holding co. How long did it take for your severance to come through? I was let go three weeks ago, and was told to sign my separation letter the day I was notified of termination. Payroll is saying that it hasn’t gone through.

Is this normal?

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Check the laws in your state (especially California). They have to pay you your severance/settlement and any accrued vacation (if your company and state have accrued PTO) the day of your separation. Any time after that and you may be due compensation/penalty fee at the rate of your daily wages for every day they are late.

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They’re probably holding everyone’s in a big separate account so they can collect even more $$$$$ on interest before they release it. That’s what these f’ers do.

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We get severance?

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Depends on how the payment is structured. Do you have a copy of the paperwork?

In some states, they have to pay you within a specific amount of time if you are let go. You may want to see if this applies to you.

Took them two months to pay me 🤭

Greeeeeat…

I was laid off from big holding co and received my severance payment about 3-ish weeks after I signed the letter. I didn't sign the letter until about 3 weeks after I was laid off, so all in all I got the payment about 6 weeks after layoff date.

Well of course they are.

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