We don't do yearly layoffs, but at my employer it's 90 days plus a week for each year of service, and benefits for a year. And if you're eligible to retire, you get to do that also. Last time there was a rumor of layoffs, all the long-timers were hoping they got laid off.
90 days is pretty standard in the US, at least with bigger companies that have to abide by the WARN Act
We don't do yearly layoffs, but at my employer it's 90 days plus a week for each year of service, and benefits for a year. And if you're eligible to retire, you get to do that also. Last time there was a rumor of layoffs, all the long-timers were hoping they got laid off.