2min chapter

Moody's Talks - Inside Economics cover image

Mispriced Markets, Miserable Outlook

Moody's Talks - Inside Economics

CHAPTER

Are You Getting a Severance Package?

Sally Kohn: Can you explain the impact of severance, the so-called severance packages that people in the tech industry, they're getting laid off or in financials? We're seeing certainly anecdotal announcements, lots of them from the tech sector, from financial services and of course mortgage finance. These folks get generally severance packages for at least three months, maybe as long as six months. If you are getting a severance package, which in financial services, Wall Street firms, is typical to get for six months, maybe even longer, you'll show up as employed from the employer's perspective. No, I don't think we've seen declines yet, but we'll

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