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In 1996, companies tracked by Challenger, Gray & Christmas, an outplacement firm based in Chicago, gave workers who were being laid off severance pay worth an average of 12.75 weeks' salary.
"I believe what Mr. Powell did was wrong, and I believe it had the effect of taking $300,000 (in potential profits from the condominium sale) from the assets of the company," Kawalik said in explaining his decision to cut off severance pay to Powell.
The department shaved $521,852 off coaching expenses, $1.9 million off facility expenses like maintenance and rental, and $2.4 million off severance payments for former coaches and personnel.
Perhaps because the recently downsized are still living off severance packages or savings from the fat times, there does not seem to be a great deal of despair over their unemployed status.
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Mr. Baldwin described what he sees as "a kind of cocooning going on" among laid-off Internet employees as they reassess their lives, live off their severance and perhaps take a break.
She had been laid off, with severance for six months.
Mr. Bitter said that about 50 workers would be laid off with severance packages; others would relocate to South Carolina.
With few debts, he was able to live off his severance pay, $69 a week in unemployment benefits, and part time work on a neighboring farm in Carlisle.
Another change would extend the trial period during which new workers can be laid off without severance pay from one month to six, or up to a year for small businesses.
Adams suffered weeks of criticism over her role in signing off lucrative severance payments to senior managers in a storm that saw former BBC director general Mark Thompson at loggerheads with BBC Trust chairman Lord Patten.
David Wadler was laid off without severance pay and almost no warning by an online entertainment start-up in New York City in early December when it suddenly announced that it had run out of money.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com