Let’s say that I worked at Barclays in London in IB for 3 years, and then I get fired
Does anyone know what would be the severance package? I understand that it’s 1 month per year worked at Barclays, is that correct? Also the money is tax free?
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Based on previous WSO threads, the severance package at Barclays for someone who has worked for 3 years would be:
However, there is no mention in the knowledge base about the severance money being tax-free. Typically, severance payments are subject to tax, but you should consult with a tax advisor or HR for specific details regarding tax implications.
Sources: Barclays IB layoffs this week, Thoughts on Barclays Response to Goldman survey, https://www.wallstreetoasis.com/forum/investment-banking/barclays-announces-4-days-mandatory-in-office-no-at-home-meal-expenses?customgpt=1, What the fuck is going on at Barclays, 20 Most Frequently Asked Questions - London Edition
Bump
Why would severance be tax free?
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