Submitted by Arsinoexx t3_10mtgn5 in explainlikeimfive
junkeee999 t1_j65xfqv wrote
Reply to comment by MrBulletPoints in eli5 : Why do some companies make huge payouts when someone is fired? by Arsinoexx
It depends what is meant by 'huge' payouts. When layoffs occur, it isn't uncommon to receive a severance payment, even though they may not be required to. I personally received a 5 figure one when I was laid off. Not a fortune, but definitely helped.
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