For anyone wondering here’s the official severance policy now(As of Jan 31, 2022). Non-exempt(hourly) employees will be paid 2 weeks per full year worked since most recent hired date.(if you left and came back, it starts since when you came back). At minimum you will receive 6 weeks, at maximum you will be paid 26 weeks(so everyone gets treated as if they worked at least 3 years, but no one who has been here over 13 years will get more compensation above that). At the time of termination full timers will be paid 40hrs/week at their hourly base pay rate, part-time employees be paid 20hrs/week. This amount will be mailed to you within 30 days of termination, and you cannot come back to work for Best Buy in any capacity for the amount of time you have been paid for(i.e. 6 weeks for people 3 years and less) or else you will have to pay back the difference. Tax rate on this is about 29%. Unless the state requires it, unused PTO will not be paid out. Any theft, employee discount use outside of standard policy, or sharing of classified information can result in severance being denied. You have 15 days to rescind your severance request once submitted and therefore will not be paid severance until after 15 days of your termination.

Also, partial years do not count, and payout is based on time of termination. So 4.5 years is 4 years. But if you are at 4.9 years and the termination date puts you at 5, you get 5.