Employers are not required to offer severance payments to employees they lay off or terminate, unless there is a specific employment contract or company policy requiring the payments. Since most employees are “at will,” the employment relationship can be ended by the employer or the employee for any reason except an illegal reason. Why then [...]
Laid-off employees are often worried that their former employer will retract the original offer if they ask for increased severance or better terms. While it is technically possible that the company could withdraw the offer, it rarely, if ever, happens. A few have ultimately refused to negotiate, but virtually all have extended the time period for [...]
If you have been laid off or you suspect layoffs are around the corner, [...]