severance pay

NOUN

payout to fired or laid-off worker

Synonyms

WEAK

discontinuance wage dismissal wage golden parachute

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Unionized workers at Diageo’s plant in Amherstburg in December ratified a closure agreement that provided enhanced severance pay.

From The Wall Street Journal • Feb. 13, 2026

The draft law reduces severance pay, allows payments in kind and restricts vacation usage, among other proposals that the General Confederation of Labor considers "regressive."

From Barron's • Feb. 11, 2026

In August, Mr Musk and X agreed to settle a separate lawsuit filed by roughly 6,000 former rank-and-file Twitter employees who argued they were owed $500m in severance pay.

From BBC • Oct. 8, 2025

The email offered current federal employees the option of around eight months of severance pay, in exchange for an immediate resignation.

From Salon • Feb. 6, 2025

I searched for his severance pay on my desk, wondering who the devil had hired him in the first place.

From With a Vengeance by Woodley, J. B.