: the act or process of severing: the state of being severed
Examples of severance in a Sentence
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The restaurant group added that those staff members were offered severance.—Aki Nace, CBS News, 16 Apr. 2026 As a result of the layoffs, Snap expects to incur pre-tax charges of $95 million to $130 million, primarily consisting of severance and related costs, contract termination costs, and other impairment charges, of which $75 million to $100 million are expected to be future cash expenditures.—Todd Spangler, Variety, 15 Apr. 2026 Snap said that its restructuring efforts are estimated to cost between $95 million and $130 million because of severance, contract termination expenses and other charges.—Queenie Wong, Los Angeles Times, 15 Apr. 2026 Other details include two weeks’ advance notice of layoff, or pay in lieu of notice; and no cap on severance in the event of layoff.—Ted Johnson, Deadline, 14 Apr. 2026 See All Example Sentences for severance