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Microsoft lets laid-off staff keep excess severance
News Following a wave of criticism, Microsoft has backtracked on its decision to require laid-off workers to pay back money that the software maker said was in excess of planned severance pay. Over the weekend, Microsoft confirmed it had overpaid...
[February 24, 2009, 9:19]
PeopleSoft expands severance packages
News PeopleSoft has quadrupled the size of the minimum severance package for its employees and doubled it for executives, as Oracle's hostile bid got a recent boost in the courts. The [PeopleSoft] compensation committee.approved amendments to the...
[September 20, 2004, 12:10]
Intel offers workers severance packages
News Although Intel is still aiming to reduce its work force through attrition, the company has begun to offer workers severance packages to speed the process. Eventually, the company resorted to voluntary severance packages.
[May 3, 2001, 10:27]
Severance (Blade of Darkness)
Downloads Blade of Darkness (a.k.a. Blade) is a 3D action game developed by Rebel Act studios. It combines RPG and adventure elements into a mind-blowing, real-time, action-filled experience that lets you fight your way to glory and heroism in the Middle Ages.
[November 7, 2000, 2:30]
Conway to get $16m from PeopleSoft
News Craig Conway, PeopleSoft's former CEO, has received a severance package in excess of $16m, after being fired earlier this month from the embattled software company. In his severance package, Conway received $3.2m in salary and bonuses, as well as...
[October 19, 2004, 17:10]
Conway's fall from grace softened by $20m golden parachute
News PeopleSoft could dole out as much as $20m in a severance package to its ousted chief executive, Craig Conway, a company spokesman said on Friday. Swasey declined to give details of how the severance package would be structured in terms of cash and...
[October 4, 2004, 9:50]
Nvidia to lay off 360 workers
News Nvidia has promised severance packages, counselling and "job-placement services", according to a statement. Nvidia said in the statement that it expected to rack up around $7m-£10m (£3.8m-£5.5m) in "restructuring-related charges", which will...
[September 19, 2008, 15:48]
Webvan is to seek bankruptcy
News KTVU-Channel 2, a Fox television affiliate in the San Francisco Bay Area, showed employees clearing out their possessions from the company's Oakland, California, warehouse and discussing their severance pay.
[July 9, 2001, 10:12]
Microsoft asks laid-off workers for refund
News The software giant, which recently laid off 1,400 employees, sent letters last week to some of those former workers letting them know that their severance payouts were a bit too "generous" and respectfully requested that the former employees pay...
[February 23, 2009, 8:15]
Sun uses reviews to whittle down work force
News Severance packages also weren't offered to employees who fell within the under-performing category. If they don't succeed, they will be given a severance package and told to leave. The bottom 10 percent of employees will then be offered a choice...
[April 11, 2001, 10:02]
Amazon gives cut workers more time to sign
News The company at the time said it would offer all laid off workers a standard severance package that includes two weeks of pay. Amazon is requiring employees to sign the separation agreement to receive an enhanced severance package that includes six...
[February 9, 2001, 8:19]
Oracle: BEA no longer worth $6.7bn
News Two weeks ago, BEA's board approved a change-in-control severance plan that covers all full-time employees and part-time employees who work 20 hours or more per week, according to a Wednesday filing with the US Securities and Exchange Commission.
[November 16, 2007, 7:29]
The Industry Standard seeks bankruptcy protection
News Although the company paid severance in earlier rounds, employees laid off after it ceased publishing did not receive severance cheques. Standard Media International, the parent company for The Industry Standard, filed for Chapter 11 bankruptcy...
[August 28, 2001, 8:47]
RealNetworks cuts staff
News The remaining employees, he said, were asked to leave the building so that the company could conduct meetings with the affected employees regarding severance packages. RealNetworks is offering those that were laid off six weeks to 15 weeks of...
[July 27, 2001, 12:28]
Zero notice sackings - Techies want honesty
News When asked to describe how they felt about getting laid off, techies said the worst part had nothing to do with a lack of severance or failed reimbursements. Although they were most angry about evasive executives, they also had reason to bemoan...
[July 18, 2001, 18:37]
Yahoo sets stage for proxy fight with Icahn
News If Icahn is successful with his proxy fight and wins a majority of the board seats, it could trigger Yahoo's employee-severance plans, which may potentially cost the internet search pioneer as much as $2.13bn (£1.09bn)in payouts, according to...
[June 4, 2008, 8:58]
What to do when your job is outsourced
News Once he was laid off, Gillette provided severance, health insurance through the severance period, and outplacement services for a year. Maybe you had a nagging suspicion that there was a move to push IT tasks to an outsourcer.
[May 5, 2004, 15:00]
Sprint forced to sell Nextel assets, cut costs
News In its latest attempt to cut costs, Sprint began on Thursday offering some employees a volunteer severance package. Eligible employees can apply for the severance starting today and have until 3 December to put in their request.
[November 14, 2008, 8:20]
Palm chief executive quits
News Yankowski will receive a severance package from Palm, although the company did not offer specifics. Under Yankowski's employment contract, he is entitled to receive a lump-sum severance payment equal to two times his salary, full vesting of any...
[November 9, 2001, 8:44]
Dell foots big bills in third quarter
News Dell, whose direct-delivery model for years helped it grow faster than the overall PC market, said on Thursday that its quarterly profit fell amid repair costs for faulty parts in business computers and expenses for layoff severance and...
[November 11, 2005, 9:15]
