Quote:
Originally Posted by Kjesse
Quite common actually. They don't have to repeat an offer that is more generous than the law requires.
The company will have booked a one time write-down for employees who take the offer, and then they will close their books on that series of termination transactions. If more terminations follow, there is no reason at all to assume the offer would be as generous or more to individual employees. At that point, the offers would be one-to-one, and will follow ordinary practices, not enhanced severance as previously offered.
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I don't care if it's common. You offer voluntary packages, and more people take them up on the offer, and now they can't handle it? Were they not prepared to deal with this when you offered it to that many people?
What incentive is there to stay, given that the general consensus implies jobs are not safe?
Terrible planning on their part.