It does not make it better for the companies, but it does make it MUCH better for the employee, as they now have 3 months to find a job before having to dip into any savings, retirement, or make painful phone calls to creditors looking for payment forgiveness and other things
Companies generally do not tell you 3 mos in advance you are being laid off, so if there is no severance then you are blind sided and are instantly with out income
I would much rather my layoff come 3mos sooner and have 3 months to look for a job before having no income, then been "allowed" to continue to work 3 months longer with no severance
Re:Indian IT, “You're Fired”
by TheCoelacanth on Monday July 10, 2017 @10:33AM
(#14736256)
Accelerating it is exactly what makes it more humane. You now have 3 months to find another job instead of immediately losing income.
Ours is 8 weeks pay per year worked. I’ve got a friend going through this at the moment, with 20 years under his belt.
You may not be that surprised to hear that he’s not bitter at all, and has every intention of working ‘till his last day.
Not arguing against severance just saying that "well throw some money at them" doesn't necessarily make it any better.