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by Jtsummers 268 days ago
They've been threatening RIFs, those require 60 days notice so the earliest RIF separation would be 1 November or so if they notified people today. And then you get a severance when you're RIF'd based on years of service (1 week/year for first 10, 2 weeks/year above that, with a multiplier if you're over age 40). Max of 52 weeks severance.

So they'd still be paid for the time up until they are actually separated under a RIF, and potentially more for any severance they are due under a RIF. Severance only counts whole years, 10 months doesn't get you 10/12ths of a weeks pay, it gets you $0.

EDIT: BTW, this is one reason DRP was such a mixed deal. The most admin leave someone got under the first DRP was about 5 months, around 21-23 weeks. If you had 15 years of service or more, the DRP was worse than waiting for a RIF. You were getting at least 20 weeks of severance + 60 days for the notice period. If you had 10 years of service, it was a wash. RIF notice + 10 weeks severance was about as good as DRP offered. And that's comparing to the best possible DRP admin leave period. DRP also bars you from UEI in most (every?) state since it's technically a voluntary resignation. Any delays in being put on admin leave (which was never actually guaranteed under DRP) made it an even worse deal than just waiting for a RIF.

The only people it made sense for were those intending to leave with a job lined up, seniors who were going to retire soon anyways (so DRP became "terminal leave"), and those with less than 10 years of service. The vast majority were better off waiting for a RIF.