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Never been laid off but I would assume they ask you to sign a contract by which you waive the rights to your firstborn child in exchange for the severance.
To get a release. Even if they’re not really worried about you suing them, it’s added comfort against even nuisance suits, and it’s cheap compared to the cost of hiring counsel to deal with even those claims.
Yes. They want the release. So try to negotiate more severance.
Coach
Def nothing to do with UI premiums
Coach
Same reason companies pay severance and get a release.
Community Builder
Release that includes non-disparaging clause, good will might be another factor for some partners that are understanding it’s hard to find a new job when you’re unemployed.
Mentor
So they appear strong to the “market”, while inside they are hemorrhaging and doing stealth layoffs to protect PPP.
Subject Expert
Severance payments don’t help PPP. A firm using stealth layoffs to boost PPP fires underperforming associates (who aren’t profitable) without severance.
Subject Expert
To get you to sign the waiver. Also it generally helps with recruitment/retention/morale to not treat people terribly.