Monday, November 24, 2008

Don't count on a pay parachute if you're fired by USA Today

Now USA Today will eliminate 20 positions next month, according to
Romenesko. These absolutely mad paper cuts keep stinging.
A memo sent Sunday evening says those whose jobs are eliminated will receive severance consisting of 1 week of pay for each completed year of service, with a minimum of 2 weeks and a maximum of 26 weeks of severance.

Talk about a lead parachute! This paltry compensation is a far cry from the usual package of one month's pay for every year as a staffer.

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