More on the generous severance package rumor
December 11, 2008 – 4:55 pmPretty freaking generous if you ask us:
- Employees are considered “on the payroll” through Feb. 13th (accrue vacation, get benefits, etc. during that time).
- On Feb 13th, if employee hasn’t found a new job, Y! pays out a 2 month severance in lump sum form
- All employees must remain “on call” to answer “reasonable” requests between now and Feb. 13th