this post was submitted on 27 Sep 2024
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Don't let that fear cow you into accepting marginal raises or career stagnation (assuming you're not happy at your current level). Severance (outside the US) is usually generous enough to skate into your next opportunity and, tbh, working in constant fear is fucking awful for your mental health.
Would probably say in your contract if you have any sort of severance regardless of where you live? Or is there some sort of mandatory severance in some places?
Most places in the US will have nothing about severance written down anywhere, but it's very common to actually pay severance in a mass layoff situation (unless the whole business is going under).
The US has the WARN Act, which requires 60 days' notice or 60 days' pay if at least 500 employees or 33% of the workplace are getting laid off (whichever is smaller). It's a threadbare legal minimum on severance, but there is a minimum.