The average severance package across industries was 19.3 weeks in 2024, up from 15.6 weeks the previous year, according to a Dec. 30 report from executive coaching firm Challenger, Gray & Christmas.

So much for the Great Resignation and quiet quitting — it’s no longer an employee’s market. And that’s being reflected in return-to-office (RTO) policies and severance packages. Many companies started ...

Severance pay is typically offered to employees who are terminated through no fault of their own — for example, as a result of workforce reductions and displacements due to mergers or acquisitions.

Jack Dorsey's Block is laying off nearly half of its employees, equivalent to about 4,000 jobs. The financial services company has earned some praise for its severance package. Here's how it compares ...

Severance decisions sit at the intersection of legal risk, employee relations, and business judgment. For employers, the challenge is not simply deciding whether to offer severance, but determining ...

A, a 40-something employee at a domestic commercial bank earning an annual salary of 170 million Korean won, plans to apply for voluntary retirement this year-end. A said, “Although the conditions for ...