Severance today is pretty much and attempt at hush money. In order to get the money, you usually have to agree to not sue them, and keep company information secret. They also often try to toss in non-compete clauses into the terminology.
The more risk you are to the company, the larger the severance package is.
My first layoff, I knew the entire companies 5 year plan (I wrote it) and was debating a hefty lawsuit against the head of HR and CEO for illegal termination and retaliation = Full-year severance + full benefits and a placement service. Gave me time to reassess swap to a different area of the industry.
My second layoff, I knew all of the companies suppliers, plans and strategies. They laid me off and only gave me 10 weeks of severance. I have since fucked them over by talking 95% of their suppliers and over half of their customers. They have had 10% layoffs every year since then. They should have paid me more.
Severance today is pretty much and attempt at hush money. In order to get the money, you usually have to agree to not sue them, and keep company information secret. They also often try to toss in non-compete clauses into the terminology.
The more risk you are to the company, the larger the severance package is.
My first layoff, I knew the entire companies 5 year plan (I wrote it) and was debating a hefty lawsuit against the head of HR and CEO for illegal termination and retaliation = Full-year severance + full benefits and a placement service. Gave me time to reassess swap to a different area of the industry.
My second layoff, I knew all of the companies suppliers, plans and strategies. They laid me off and only gave me 10 weeks of severance. I have since fucked them over by talking 95% of their suppliers and over half of their customers. They have had 10% layoffs every year since then. They should have paid me more.
Damn I really fucked up by just ensuring my employers continue to produce products for a living