This past year, I worked for a lender in corporate America. This lender has had mass layoffs throughout the entire year.
When I was laid off a few months ago, I was sent a severance package and a separation agreement. The lender labeled the position as “terminated” although it was a mass layoff. This was listed on multiple documents including the legally binding separation agreement.
I reached out to HR for clarification and they confirmed it was a layoff once again. I ended up calling the representative and she explained that the verbiage was just used in lieu. It was “normal.”
Is this normal?
Please note this company was not public with their layoffs for the first few rounds as well.
I have been filling out job applications and I have to fill out the reason for leaving my last employer. I list the reason as a “layoff.”
If my new potential employer(s) call my former employer, is the “termination” verbiage going to affect me receiving a new position as it differs from my application reason.