Severance Pay Statistics 2026
Calculator settings, selected dated employer announcements and illustrative state withholding examples
Separate sources and limits · How to cite this page
This page brings together calculator settings, selected dated employer announcements and illustrative state withholding examples. These are separate sources, not a representative survey of severance paid.
2-4 wks/yr
Assumed tech model rates
52
Company profiles in compilation
368,158
Roles across selected announcements
11.8%
Highest configured state rate
2 of 50
State profiles marked mandatory
60 days
Federal WARN period; coverage conditions apply
Severance Pay by Industry
Assumed weeks of pay per service year in this calculator. The executive role factor is 2x, an unvalidated product setting rather than a measured pay premium. These rates do not establish typical packages or an industry ranking.
| Industry | Lower assumption | Middle assumption | Upper assumption |
|---|---|---|---|
| Technology(25 companies) | 2 | 3 | 4 |
| Finance & Banking(11 companies) | 2 | 3 | 4 |
| Consulting & Professional Services(5 companies) | 2 | 3 | 4 |
| Healthcare(6 companies) | 1 | 2 | 3 |
| Manufacturing | 1 | 2 | 3 |
| Nonprofit | 1 | 1.5 | 2 |
| Retail(5 companies) | 0.5 | 1 | 2 |
| Government | 1 | 1 | 2 |
Major Company Severance Packages
Selected editorial company records, with different dates and source quality. Formulas and ratings are not a verified comparison of current packages. Salary figures below are illustrative inputs, not survey averages.
Meta (Facebook)
Not assessedMeta’s November 2022 U.S. announcement described 16 weeks’ base pay plus two weeks per service year without a cap. These are historical event terms.
Google (Alphabet)
Not assessedGoogle’s January 2023 U.S. announcement described starting severance of 16 weeks’ salary plus two weeks for each additional service year. It does not establish a current company schedule.
Amazon
Not assessedThe checked October 2025 and January 2026 Amazon announcements describe transition support but do not publish a numeric severance formula, minimum, cap or equity treatment.
Microsoft
Not assessedMicrosoft’s January 2023 announcement described support for affected U.S.-benefit-eligible employees, but did not give a numerical cash schedule.
Netflix
Not assessedCurrent employer policy and individual package terms are not verified here.
Salesforce
Not assessedSalesforce’s January 2023 letter described a minimum of nearly five months of pay for affected U.S. employees, with health insurance, career resources and other support.
X (Twitter)
Not assessedCurrent employer policy and individual package terms are not verified here.
Coinbase
Not assessedJune 2022 workforce reduction (2022-06-14): Coinbase published a 14-week minimum plus a tenure increment for this event, together with four months of US COBRA. Employees departing in the June 2022 reduction; the healthcare duration claim applies to US COBRA coverage.. Current employer policy and individual package terms are not verified here.
Intuit
Not assessedCurrent employer policy and individual package terms are not verified here.
Intel
Not assessedCurrent employer policy and individual package terms are not verified here.
Cisco
Not assessedCurrent employer policy and individual package terms are not verified here.
Shopify
Not assessedMay 2023 workforce reduction (2023-05-04): Shopify published a 16-week minimum plus one week per year of tenure for this event, with medical and employee-assistance benefits during that period and optional outplacement support. Employees leaving in the May 2023 reduction.. Current employer policy and individual package terms are not verified here.
Snap Inc. (Snapchat)
Not assessedCurrent employer policy and individual package terms are not verified here.
Goldman Sachs
Not assessedCurrent employer policy and individual package terms are not verified here.
Citigroup
Not assessedCurrent employer policy and individual package terms are not verified here.
PayPal
Not assessedCurrent employer policy and individual package terms are not verified here.
Deloitte
Not assessedCurrent employer policy and individual package terms are not verified here.
Accenture
Not assessedCurrent employer policy and individual package terms are not verified here.
Macy's
Not assessedCurrent employer policy and individual package terms are not verified here.
JPMorgan Chase
Not assessedCurrent employer policy and individual package terms are not verified here.
HCA Healthcare
Not assessedCurrent employer policy and individual package terms are not verified here.
CVS Health
Not assessedCurrent employer policy and individual package terms are not verified here.
Walgreens Boots Alliance
Not assessedCurrent employer policy and individual package terms are not verified here.
Bank of America
Not assessedCurrent employer policy and individual package terms are not verified here.
Wells Fargo
Not assessedCurrent employer policy and individual package terms are not verified here.
Oracle
Not assessedCurrent employer policy and individual package terms are not verified here.
Illustrative State Withholding Examples
This $50,000 example subtracts a fixed 22% federal income-withholding assumption and the configured state rate. It does not model FICA, local taxes, cumulative supplemental wages or final tax liability. Actual withholding and final tax can be higher or lower.
9 States With No Income Tax on Severance
Estimate after income-withholding assumptions on $50k: $39,000 (fixed 22% federal assumption; FICA/local taxes excluded)
Configured State Rate Comparison
| State | State assumption | Combined assumption | Estimate remaining on $50k |
|---|---|---|---|
| New Jersey | 11.8% | 33.8% | $33,100 |
| New York | 11.7% | 33.7% | $33,150 |
| District of Columbia | 10.8% | 32.8% | $33,625 |
| Vermont | 8.8% | 30.8% | $34,625 |
| Oregon | 8.0% | 30.0% | $35,000 |
| No-tax states (TX, FL, etc.) | 0% | 22.0% | $39,000 |
Difference between configured state assumptions: $5,900 on this illustrative $50,000 example, before FICA and local taxes.
Selected Employer Announcements
368,158 roles summed across 123 selected recorded announcements from 51 company profiles. This is not a verified count of unique workers, completed separations or people paid severance. Coverage and possible overlap have not been reconciled.
Selected Announced Roles by Company
Selected Announced Roles by Industry
For a separate resource, visit our WARN Act Tracker.
Severance Pay Legal Framework
Federal WARN Act
Requires 60 days advance notice for mass layoffs affecting 50+ employees at companies with 100+ employees. Does not require severance pay, but employers who fail to give notice may owe 60 days of back pay.
Enhanced WARN States
These states require more notice than the federal 60 days:
Mandatory Severance States
Only 2 of 50 states require severance pay by law:
- Maine requires 1 week per year for mass layoffs
- New Jersey requires 1 week per year for mass layoffs
OWBPA (Age 40+)
The Older Workers Benefit Protection Act gives workers 40 and older 21 days to review a severance agreement (45 days for group layoffs) and 7 days to revoke after signing. Employers cannot waive age discrimination claims without meeting these requirements.
Methodology & How to Cite
Data Sources
- Company records and announcements: Authored editorial profiles, with dates and claim-level sources where provided. Announcement sums are separate from employee payments; other company formulas and ratings are not newly verified here.
- Calculator settings: The industry week rates and role factors are product assumptions. This repository does not supply a representative calibration dataset for those exact settings. Cash estimates exclude bonus, equity, benefits and employer-specific base payments, minimums, caps or plan terms.
- State examples and legal context: Configured withholding assumptions and separate legal summaries. Their sources and review dates have their own scope; this page is not a new tax or employment-law review.
- Separate self-reported submissions: Browse employee-submitted severance data. Those submissions do not set this page's calculator rates or announcement totals and are not a representative payout survey.
How to Cite This Page
<a href="https://severancecalc.com/severance-pay-statistics">Severance Pay Statistics 2026 | SeveranceCalc</a> describes illustrative calculator assumptions, selected employer announcements and state withholding examples, with their sources and limits.
Cite this compilation with its scope: calculator assumptions, selected announcements and withholding examples are separate from verified payout data. Refer to the original sources for their own terms.
Frequently Asked Questions
What is the average severance pay in the US?
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Do you have to pay taxes on severance pay?
Is severance pay legally required?
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How much severance do executives get compared to regular employees?
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