County's 2024 severance, termination pay totals $1.1M: Report
9 hours ago · Following from a motion made by Ward 2 Coun. Dave Anderson in November, a report on severance and termination pay was made public this week. It detailed that Strathcona County paid more than $1.1M in 2024 in this budget area and that has steadily increased over the last five years. Lindsay Morey/News Staff/file
Kings Dominion confirms layoffs, full-time employees to receive ...
6 hours ago · HANOVER COUNTY, Va. (WRIC) — An unspecified number of employees at Kings Dominion were laid off on Wednesday, with full-time employees to receive severance pay, according to officials. According ...
Citigroup Earmarks $600 Million in Severance for Fresh Job Cuts
Jan 15, 2025 · Citigroup Inc. is planning to reserve $600 million for severance payments in 2025 as it continues to trim its workforce and cut expenses, according to Chief Financial Officer Mark Mason. The $600 million figure is down about 14% from last year, when the bank shed more than 10,000 jobs. Typically, Mason said, severance costs would hover around $300 million.
There are new rules about severance agreements. Here’s what …
Feb 26, 2023 · Here are answers to 5 key questions about the implications of the federal labor board’s decision to prohibit employers from requiring laid off workers to sign certain types of non-disparagement ...
Severance Is Just One Cost Companies Pay During Layoffs - Bloomberg.com
Aug 7, 2024 · When companies cut staff, they don’t just have to pay severance, but face other expenses that haven’t been fully calculated—until now. When Meta Platforms Inc. laid off 11,000 employees in November...
Companies can no longer silence laid-off employees in exchange …
Feb 22, 2023 · If your company lays you off, your employer might offer you severance pay — but only if you agree to adhere to a number of restrictions.
Here are the layoff severance packages Google, Microsoft, …
Jan 20, 2023 · Laid-off U.S. employees will receive pay through the notification period and receive a 16-week base severance package with an additional two weeks for every year of …
Hegseth signed NDA, received six-figure severance payment ... - CBS News
Dec 5, 2024 · Pete Hegseth, President-elect Donald Trump's embattled pick for secretary of defense, received a six-figure severance payment and signed a non-disclosure agreement when he exited the...
Twitter again sued over severance pay, bias during layoffs
Jul 18, 2023 · Twitter Inc on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500 million in severance pay to ex-workers, the latest in a series of cases arising from Elon...
Twitter owes ex-employees $500 mln in severance, lawsuit claims
July 12 (Reuters) - Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were laid off after...