Discover what a severance package is, its benefits for laid-off employees, and tips on negotiating terms to ensure financial transition security.

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.

Return-to-office orders are hot right now, and some companies are offering severance for those who don't want to return. NBCUniversal joined that trend this week with an unexpected twist: Severance ...

Starbucks sent laid-off staff details of what their severance package would look like on Sunday. The chain is closing about 1% of its stores across North America — more than 100 locations. Baristas ...