White collar firms with a reputation for paying well don’t cheap out on severance. It’s a cheap way to get employees to sign some stuff reducing the risk of lawsuits, plus their unemployment insurance premiums stay lower.
It’s only once the business is having a cash crunch or will no longer need to hire competitive candidates that they start letting people go without severance.
> White collar firms with a reputation for paying well don’t cheap out on severance
Tell that to Elon Musk and Twitter employees.
Musk saddled that company with an additional billion in debt interest payments every year so they were in a cash crunch.
Oh is that the excuse why the billionaire couldn't afford to pay out pennies?