severance pay

noun

: an allowance usually based on length of service that is payable to an employee on termination of employment

Examples of severance pay in a Sentence

Recent Examples on the Web

For those who can’t find a new role or choose not to look for one, Amazon will provide severance pay, outplacement services, and health insurance benefits, among other measures, Beth Galetti, senior vice president of People Experience, wrote in the announcement to employees. —Sheryl Estrada, Fortune, 3 Nov. 2025

Most employees will be given 90 days to look for new roles internally, while people that can’t get new jobs at Amazon will be given severance pay and additional benefits. —Ramishah Maruf, CNN Money, 28 Oct. 2025

Others who don't remain with Amazon will be offered severance pay and other transition benefits, the memo said. —Melina Khan, USA Today, 28 Oct. 2025

Applied Materials expects the cuts to cost $160 million to $180 million, mostly from severance pay and one-time termination benefits. —Bloomberg, Mercury News, 24 Oct. 2025

Word History

First Known Use

1943, in the meaning defined above

Rhymes for severance pay

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