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  1. #26
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    lay off means you can get benefits from the government and if i'm not mistaken, sometimes you get severance package? or is that something else?

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    Severance packages are what the employer gives out. For example, The fordplant here in Minnesota closed down, the workers had a couple of choices. One choice was they get around $100,000 or so, the other choice was that if they move to another state that another fordplant has an opening, they will be promised a job at that new plant.

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    Laid off means your eligible to collect unemployment and potentially a severance package and/or other benefits if they choose to offer them to you.
    Fired and your not eligible for unemployement unless you can argue your firing was unjust.
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    Quote Originally Posted by Sufi View Post
    lay off means you can get benefits from the government and if i'm not mistaken, sometimes you get severance package? or is that something else?
    If you get laid off you can collect unemployment until you find another job or you don't find one within a certain time period. I believe severance packages are more or less like a settlement for your lay off or forced step down. It usually an x amount of your yearly salary. Not certain but I believe this is how it works.




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