#benefits

According to Moneycontrol, TCS is offering one of the most generous severance packages seen in the Indian IT sector. Employees will first receive three months of notice period pay, after which severance payouts will range from six months to two years of salary, depending on the length of service. Long-serving staff with 10-15 years of experience may receive packages worth up to 1.5 years of pay. Those eligible for early retirement will also be given all retirement benefits, including insurance, in addition to severance.

Employees who have been on the “bench” — without projects — for more than eight months are also impacted. Their exit packages will be smaller, typically limited to the three months’ notice pay. TCS said it will provide career transition assistance, including covering outplacement agency fees for at least three months for junior associates.

The restructuring follows earlier reports that TCS planned to cut about 2 percent of its workforce, or over 12,000 jobs. The IT employees’ union NITES has accused the company of forcing around 2,500 employees in Pune to resign, a claim TCS has strongly denied. The company maintains that only a limited number of staff have been affected and that the initiative is aimed at “realigning skills” in line with future requirements.

This wave of layoffs highlights the pressure facing traditional IT firms as automation and AI adoption accelerate. Clients are increasingly demanding advanced digital solutions and expect their outsourcing partners to deliver with smaller, more specialized teams. TCS, which employs more than 600,000 people worldwide, is now reshaping its workforce to focus on areas such as AI infrastructure, automation, and advanced analytics, while winding down legacy roles.

Any rumours on what this will entail? They're saying it's not a cost saving exercise, which I highly doubt.

I've heard that there will be a PTO change coming since we acquired Cigna. There are too many state differences which means that some states will get more PTO than others because of the differences. Also heard they may let only those affected know. Seems shady if that's the case.

Wonder if severance packages will have considerations against "total compensation". Thats what we've been told for years as why we are paid less overall. Wonder if there is some legal angle that leverages this.

Nice job WF displacing people on 9/30 so they aren't still considered employees on 12/15 (with their 60 days notice) to get the entire year of 401k matching!

They are hard earned for the ones that received them. It’s not much for non execs but enough to care about them.

What happens to RDUs if:

1. You decline mobility
2. Accept mobility but not selected for job
3. Accept mobility, receive bit decline offer for job

Does anyone have insight? Lots of communication out there on many topics but zero on this one. It makes me feel they are going to fu-k us on RSUs based on the silence this far.

Why are people saying our benefits are being reduced? Where are you hearing this?

Has anyone noticed how our benefits are getting trimmed constantly? I just noticed how Humankind company matching went down ($10k match down to $7.5k). They used to offer 2 company “grants” of $500 for logging 40 hours of volunteer work. Not anymore! Just one now. What’s next from HR?

I'm really frustrated to learn that Truist will be cutting its $500 deductible and co-pay medical insurance plans in 2026. From now on, they'll only offer high deductible plans with no co-pay option. It feels like they keep stripping away employee benefits with each passing year. What’s going on?

Severance packages for laid off retail staff include lump sum hours of pay that vary by role, plus a health premium payment equal to three months of coverage. Some state specific vacation payouts apply, and employees have a set window to sign release agreements to receive severance.

at our next quarterly update from senior Leadership, many of us are very concerned and we would like updates for these areeas:
~$50-$100M underfunding of our db plan. What is the strategy for paying this off
~how much is the health care premiums going up & will the 401k match be cut. Any layoffs planned before X-Mas ?

• status on lawsuits and employees leaving company will be forced to sign non competes non disclosureas
  ------culture survay results
  ~company revenue-profits ytd
  ----what is the company Net Promotor Score and stack rank it compared with our competitors
  ~~when are we gonna improve our website. Very few changes in calculaotrs tools and educstion for yrs. Mobile app still lags

Mr Rich and Ms Favors, along with Kristine Janofskey, we'd like updates with all of this.

If anyone hasn’t noticed yet, leave allotments in workday now have a “approved bank” amount where it looks like it’s being propped for an accrued PTO type of situation. Rumor is that other benefit changes, such as our unlimited PTO and overall flexibility is going to change for the worse.

ST. JOHN’S, NL, CANADA, September 24, 2025 – North Atlantic France SAS (“North Atlantic”) announced on May 28, 2025, that it had entered into exclusive negotiations with ExxonMobil France Holding SAS (“ExxonMobil”) for the acquisition of ExxonMobil’s entire stake in Esso Société Anonyme Française SA (“Esso S.A.F.”) and ExxonMobil Chemical France SAS by signing a put option agreement. Following the information and consultation process of employees’ representative bodies, North Atlantic today announces that it has entered into an agreement with ExxonMobil to acquire ExxonMobil’s entire stake in Esso S.A.F. (the “Controlling Block”) and EMCF.

This marks an important step in North Atlantic’s project to establish a long-term presence in France, contributing to European energy security, industrial resilience, and energy transition.

The completion of the project remains subject to customary regulatory conditions applicable to this type of operation, including foreign direct investment control in France, and finalization of certain financing arrangements.

Ted Lomond, President and CEO of North Atlantic, President of North Atlantic France stated: “Our commitment to France is long-term. By building on Gravenchon’s record of industrial excellence, we aim to strengthen energy security and resilience while accelerating the transition to lower-carbon solutions. This project reflects our ambition to grow North Atlantic into a premier transatlantic energy company, with strong foundations on both sides of the Atlantic.”

Simon Fenner, CEO of North Atlantic France stated: “With the signing of this agreement, North Atlantic reaffirms its ambition to consolidate the Gravenchon site and provide it with an ambitious development plan to serve the French energy and industrial sectors. We are firmly committed to completing the transaction by year-end.”

As a reminder, on May 28, 2025, North Atlantic had announced that following the acquisition of the Controlling Block in Esso S.A.F., it would file a mandatory tender offer for the remaining shares of Esso S.A.F. on the same financial terms as the acquisition of the Controlling Block.

Furthermore, it should be noted that the Board of Directors of Esso S.A.F. has convened a Shareholders Meeting on November 4, 2025 to deliberate on the proposal for a distribution of reserves, amounting to €60.21 per share, with payment scheduled for November 14, 2025.

During the discussions between ExxonMobil and North Atlantic over the past months, the two parties agreed to a downward adjustment of the purchase price for the Controlling Block, to reflect certain social liabilities. This downward adjustment will not affect the price offered to minority shareholders of Esso S.A.F. in the context of the mandatory tender offer for the remaining shares, which will be determined after taking into account the various adjustments described in the press release dated May 28, 2025, namely:

• a downward adjustment to reflect the amount of cash distributed by Esso S.A.F. prior to the date of completion of the acquisition of the Controlling Block (i.e., an amount of €113.21 per share, corresponding to a dividend of €53 per share payable on July 10, 2025, and an amount of €60.21 per share in respect of the distribution proposed by Esso S.A.F. and to be paid on November 14, 2025, subject to the approval of the Esso S.A.F. shareholders meeting);

• upward adjustment by a ticking fee mechanism corresponding to accrued interest on (i) a first base amount of €362,000,000 at the euro short-term rate plus 2% per annum between March 2, 2025 and the closing date, and (ii) a second base amount of €950,000,000 at a rate of 2.4% per annum between March 2, 2025 and the closing date;

• upward or downward adjustment to reflect the change in the euro value of Esso S.A.F.’s inventory and equal to the difference between the crude oil value of ten (10) million barrels as of December 31, 2024 and the crude oil value of the same number of barrels as of a period prior to closing that will depend on the date of the contemplated transfer of the ownership of ESAF inventory to a bank.

The final price for the acquisition of the Controlling Block will be definitively set prior to the completion of the transaction and will be communicated to the market in due course.

The completion of the transaction is still expected in Q4 2025. North Atlantic reiterates its commitment to delivering a comprehensive and well-managed transition, with the intention to maintain employment and existing compensation and benefits.

https://northatlantic.ca/media-releases/north-atlantic-france-sas-milestone-project-majority-stake-in-esso-societe-anonyme-francaise-exxonmobil-chemical-france-sas/

There's a lot of talk about growing share price of Honeywell Aerospace. Does that mean remaining Honeywell will take a beating such that it affects 401(k) and other benefits? Would we bear the brunt of the remaining company and how would non-Aero people be affected?

They're basically giving it to us so we don't sue them down the line, right? So is there a way to negotiate the number or any benefits that might come with it? I'm sorry if this sounds like a stupid question, but this is the first time I'm facing layoffs and I'm just curious.

John....let me help you demoralize the workforce even more. Do this John. Take away the
service anniversary awards. Please do it John. Then remove any and all employee discounts. Also good work on pension plan increases. They are virtually non existent.
Cobb count teacher pensions in the state of Georgia get 3% every year. You are a cheap worthless pathetic divider in chief. It is no longer a desirable place to work. You and your cronies have gutted every aspect of what it used to be. You have as--ulted the low hanging fruit ( 1st level managers ) to the max because they have no voice as the union members do. The company culture will never rebound until you and your henchmen go somewhere. Anywhere would be good. Just go.

With new 100k fee, Dell will not apply most H1B visa and offer applicants same job but oversea office. Or if necessary, Dell can hire minimum residence in US. Either way , it is a huge cost savings.

I am getting only 12 weeks of severance for 23 years of work. The 12 weeks basically add up to my salary for the remainder of the year. No f..king appreciation for my years of service! I am talking to a lawyer before signing this!

Medical and dental good until Halloween. No more contributions to HSA.

I thought I read we should get 2 weeks for every year. So I thought I should be getting 46 weeks of severance pay. Not 12 or 3 months!

I am definitely one upset former employee who feels completely disrespected and given no empathy from HCSC!

Another warning, if you have pension, you have a target. I had pension, I was threatened for a year, that I had to leave the department because "two men don't like you". Then I cut because they didn't need that position. HR was truly, well HR. That position, word for word, was just posted on the public internet. They are truly cutting the old folks for cheaper people, even at the chance of lawsuits.

good luck everyone.

.

Laid off in August. Just received an email/articles from fidelity showing the options for one's 401k on the former employer's plan. I'm particular interested in the option of leaving the money in former employer plan.

From fidelity's article, it mentions (not specific to Oracle's plan), one of considerations of leaving the money in former employer's is withdrawal options may be limited, saying "For instance, you may not be able to take a partial withdrawal; you may have to take the entire balance.".

I'm wondering if anyone knows what's the withdrawal options are in oracle's plan after leaving the company. Can we withdraw partially from it?

And any advises (pros, cons) for taking this option of leaving it as is in fidelity?
Thanks for advise in advance.

What happens if you were offered the ERP but declined it?

Do you feel like it might be the right time for the company to offer management employees with pensions a retirement package?

With everything changing so quickly in the business and with fewer people coming in under the old pension structure, it feels like it could make sense for AT&T to consider giving us that option. For some, it could be the opportunity to retire earlier. For others, it could open the door for fresh talent and new ideas.

Curious how you all see it—would you take it if they offered? Or do you think it’s better to wait it out?

What is the purpose of this survey if not to reduce our benefits ?

Please help this old boomer… retired and need to pay my life insurance.

Anyone qualify for ERP but did not get the opportunity because your role is too “critical”? Want to talk as backfills are taking place for those that were offered ERP and accepted because THEIR roles are deemed critical.

Does anyone know anything about pension bridging? I've heard rumors that pension bridging is potentially available if you are within two years of being eligible to retire, but details are light beyond that.

Hello - can anyone help to dispel the CORBRA for WFR. Do we get CORBRA sponsor from Juniper/HPE for 4 months, or do we have to pay the full amount from our pocket? I don't see clear information regarding COBRA. Thanks

I want my raise, my healthcare, and job protections. The union can and will get it for us.

Ouch, that gotta hurt. Centene to pay $1 billion dollars in rebates back to ACA Missouri policyholders. Sting.

Not sure what grows around here.....Senior level roles seem to always be filled with outside hires, promotional opportunities are slim to none. Pay certainly does not grow to keep teammates even with inflation. Benefits shrink like a cheap t-shirt (e.g., 401K match reduction). We are Truist and we are unstoppable, good grief.

In my department, the participation rate is given more importance then the actual results. I'm sick of being harassed to take the survey. When the results are poor, the additional work to bring them up is incumbent on employees, not management. Our employee benefits continue to decline YOY. The only way to protest is to NOT take the survey.

Hi, does Nike provide any resume or other outplacement support?

I was displaced, filed an ER grievance, and was then ultimately terminated after my Notice Period ended in a clear case of retaliation. While I'm pursuing legal action, trying to ascertain if the bank can now cut off my severance, benefits, damage my employment record etc. I'll know soon enough and will address accordingly, just curious if anyone has a definitive answer.

I’m being displaced in October. And then I’ll have severance for most of next year. Can I enroll in a flexible spending account for 2026?

Big cuts coming for HR and benefits folks. Will be a sad next few weeks for them.

Employee Discount Program 877-377-9010

Found this number and talked to a very nice lady. They handle all discount information for all services.

1. Discount will start automatically November 1st for all qualified wireless retiree plans.
2. Qualified plans are the newer ones. Called in a few months ago complaining about my bill. Found out I was on a old grandfathered plan. Switched to a newer comparable plan and actually saved money.
3. If you are retired you might call in and find out what plan you are currently on and find out which newer comparable plan is available so that you can get the additional discount.

The company appears to be in a state of decline, with leadership frequently chasing the latest industry trends. Every few months, there’s a shift in direction and new sets of goals, often driven more by buzzwords than by long term strategy. It can be frustrating and sometimes even amusing to watch leadership make decisions based on vendor pitches, despite lacking hands-on experience themselves.

Strategic direction often changes based on which vendor a VP has a relationship with. Microsoft is currently the favored trend, but just a few months ago, it was all about "prompting." These cycles repeat, creating instability.

Benefits are decent, but be cautious getting sick can be expensive. PTO is generous, and pay can be competitive depending on your role and negotiation. However, layoffs happen regularly, roughly every six months, with many roles increasingly offshored to Allstate India, which probably accounts for over 50% of the IT staff.

The company is heavily focused on “cloud” and “AI” at the moment. Overall, I’d rate it an average workplace, it’s a place where you do your job, keep your head down, and hope to stay employed. Tenure doesn’t offer much protection. If your views don’t align with the ever changing corporate vision, you may find yourself out.

If you’re hired, my advice is: agree with leadership, reinforce their ideas, and avoid pushing back, your opinion won’t carry much weight. On the positive side, there are solid opportunities to improve your skills through a strong internal training ecosystem.