How long until severance is paid out
i got laid off this round, i was wondering if anybody knows when they will pay out the severance
IVE BEEN WITH WALMART FOR 9 YEARS IN DALLAS TX AND GOT LAID OFF TOO THIS ROUND 😞 I WAS WONDERING THE SAME ABOUT WALMART SEVERANCE PAY TIMELINE WHEN WILL I GET MY WALMART EXIT LETTER AND WALMART SEVERANCE PACKAGE BECAUSE BILLS PILE UP FAST AND I GOT KIDS. MY MANAGER TOLD ME WALMART SEVERANCE PAY TAKES LIKE 3-6 WEEKS DEPENDING ON WHEN HR PROCESSES THE PAPERWORK. I GOT DIRECT DEPOSIT TOO SO I HOPE IT GOES STRAIGHT TO MY ACCOUNT ON PAYROLL DAY. ANYONE ELSE FROM TEXAS REGION HEARD THE SAME? WALMART JOB LAID OFF INFO IS SO CONFUSING.
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From what I understand, you have your exit date, basically when you separate from the company. You will receive an "Exit Letter" about 3 days later, you'll sign it. Then it will kick off the process for severance payout, which will be a lump sum, and may take up to 6 weeks. It will fall on a pay week, and if you have Direct deposit it will be deposited in your bank as normal payroll deposit.