Articles - Severance

Involuntary Terminations

2019.07  Your Professional Decline Is Coming (Much) Sooner Than You Think (The Atlantic).  This title may be sobering, but the author provides thoughtful advice drawn from his self-described "quest to figure out how to turn my eventual professional decline from a matter of dread into an opportunity for progress."


2019.05.22  So You Were Replaced by a Younger Worker.   See this National Law Review article titled "Older Employee Let Go in Reduction in Force Can Proceed to Trial on ADEA Claim" The article summarizes a recent Texas decision. The article begins: "An employer’s retention of a younger, less-qualified employee instead of the older, more experienced employee, who was terminated during the Company’s reduction in force, can give rise to liability under the Age Discrimination in Employment Act (“ADEA”), according to a recent decision ... [in] Harrison v. Chipolbrok America, Inc."


2019.04.18  "Rabbi Trusts: When to Ask. What to Get" (Poerio, Wagner Law Alert).  Executives who are leaving employment often underlook, and underestimate, the security available from rabbi trusts.  


2019.01.29   Five Key RIF Hurdles. For a sense of the basic requirements (and laws) that employers consider in connection with reductions in force (RIFs) and layoffs, see this article.


2018.12.28  If you’re over 50, chances are the decision to leave a job won’t be yours (ProPublica). The article begins "A new data analysis by ProPublica and the Urban Institute 

shows more than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often irreversible."


2018.04.14  16 Key Issues In Negotiating An Employment Severance Package (Forbes)


2013.12.23  50 is the New 65: Older Americans Are Getting Booted from Their Jobs and Denied New Opportunities  ().

Resignations

2018.05.23  "When Quitting is Your Best Option: How to Create Your Exit Strategy" (BioSpace).  This short article provides a good starting point for decision-making.


"5 Strategies to Resign Without Burning A Bridge" (Forbes) - excellent advice ranges from when to exit to being smart on the way out.


"Resigning with Class: How to Diplomatically Resign From Your Job" from liveCareer includes advice about how to write a resignation letter, along with some sample letters.

  • Note: here is a heads-up drawn from my reading of many exit emails over the years: (1) be concise and thankful (to avoid bridge-burning), (2) be forward-looking to share where you are going and how to be contacted - so that those who care about you will stay in touch, and (3) be super-careful to avoid typos and bad grammar. If you stumble in your writing, your last impression will be weakened.

Advisors

The stakes are generally enormous - from financial and tax planning to strategies by which to exit on the best possible terms.