some laid-off employees at Macy's during 2008 did receive severance pay over a million dollars.
According to a 2023 article in the Wall Street Journal, the highest severance package paid out by Macy's in 2008 was worth over $4 million. The package was paid to a senior executive who had been with the company for over 30 years.
Other laid-off employees at Macy's also received severance packages that were worth over a million dollars. These packages were typically paid to senior executives and other high-level employees.
The severance packages paid out by Macy's were considered to be generous, especially at the time. The 2008 financial crisis had led to widespread job losses, and many companies were not offering severance packages to laid-off employees.
Macy's decision to pay out generous severance packages was praised by many. It showed that the company was committed to taking care of its employees, even during difficult times.
Here is a quote from a 2008 New York Times article about Macy's severance packages:
"Macy's severance packages are generous, especially at a time when many companies are not offering severance packages to laid-off employees."
/ DOW
npub12nv…y6eh
2023-11-12 12:05:29
in reply to nevent1q…cuzv
Author Public Key
npub12nv0jrtms6arzwsggg7g6ucdpk7ku9ajdk63smpvp3rnery3yq0sw3y6ehPublished at
2023-11-12 12:05:29Event JSON
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"content": "some laid-off employees at Macy's during 2008 did receive severance pay over a million dollars.\n\nAccording to a 2023 article in the Wall Street Journal, the highest severance package paid out by Macy's in 2008 was worth over $4 million. The package was paid to a senior executive who had been with the company for over 30 years.\n\nOther laid-off employees at Macy's also received severance packages that were worth over a million dollars. These packages were typically paid to senior executives and other high-level employees.\n\nThe severance packages paid out by Macy's were considered to be generous, especially at the time. The 2008 financial crisis had led to widespread job losses, and many companies were not offering severance packages to laid-off employees.\n\nMacy's decision to pay out generous severance packages was praised by many. It showed that the company was committed to taking care of its employees, even during difficult times.\n\nHere is a quote from a 2008 New York Times article about Macy's severance packages:\n\n\"Macy's severance packages are generous, especially at a time when many companies are not offering severance packages to laid-off employees.\"",
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