With layoffs looming, you could be offered a voluntary buyout—4 things to know before taking one
Publishing timestamp: 2023-04-05 15:21:27
Summary
The article discusses the concept of buyouts, which are severance packages offered by companies to incentivize employees to exit the organization. Buyouts can be voluntary or a precursor to layoffs, and employees should take their time to review the terms of the agreement and seek a second opinion before making a decision. The article provides tips for negotiating a better buyout, clarifying terms of health insurance and retirement funds, and job-hunting support. The current job landscape is gloomy, and accepting a buyout has become more accepted and even a badge of honor for some.
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Keywords: paul jacobson, walmart inc, amazon.com inc, labor economy, united states, general motors co, meta platforms inc, personnel, wells fargo & co,
Source: https://www.cnbc.com/2023/04/05/what-to-know-before-taking-an-employee-buyout.html