Comment by red-iron-pine
16 hours ago
buyouts usually imply a far more generous offer than just termination and severance.
also means they can dodge any NDA / wrongful termination / bad behavior issues on the way out. sign the doc and play nice and get $$$.
keep in mind the US doesn't have great protections in that regard, so "severance" may be them allowing you to collect the last of your crap on the way out and paying you through the end of the week.
Ex-softee here, laid off last year after 32 yrs. The current buyout is the same package I got. The recent voluntary package to old-timers a few months ago was also the same with one important distinction - 5 years of COBRA, which would take a 60 yr old to Medicare age.
> 5 years of COBR
I know its very similar to the equivalent amount of cash but it feels a lot different. I feel like half my desire to work is connected to healthcare for the family.