Join the discussion — anonymously
Sign in to comment, reply, and vote. Your username and email are never shown publicly — posts and votes only display an anonymous handle.
Comments (2)
I was part of the group let go on the 11th, and the offer I received was definitely thinner than the last restructuring round. They’ve lowered the weeks-per-year calculation significantly, and the waiver language is much more restrictive this time around. I wouldn't rush to sign anything yet. If you have any tenure at all, it’s worth at least doing a free consultation with an employment attorney to see if they’re lowballing you compared to historical precedents. Don’t let them pressure you into signing on the spot; you usually have a window to review the terms.
Honestly, don't waste your money on a lawyer unless you have a specific reason to believe you were targeted for an illegal reason. Packaging Corp has been tightening the belt across the board, and the severance packages are being standardized to be as lean as possible. They aren't going to budge on the waiver terms just because a lawyer sends a letter—they have a standard internal policy and they're sticking to it for everyone. Take the package, update your resume, and try to move on. It’s a tough break, but legal fees will just eat into your cushion.