#compensation

I had enough of the mo--ns and the low pay. Right after COVID I got a second job and never looked back. Now i make more than a director and do half as much. I recommend it for everyone. I don't worry about a lousy increase because I still make more than my manager. LOL

For two years straight I have not written mid-year or year-end comments for myself and it’s had no impact on me. I am a director reporting to a senior director. I write constructive comments for my directs, but I just don’t care and feel that no one ever reads my comments anyway. I just feel like it has no bearing on the 1.25% merit increase, so why bother?

I heard that Chubak got well over $4MM for a sign-on bonus here- I can’t even imagine earning that in my whole career. It’s just another example of how far removed he is from the rest of us.

Can you anyone advice about severance. I feel the package offered was very low or is it just like this?

Completed 1 year + week
Payout includes : 2 weeks of notice pay
3 weeks pay in lieu
CIP payout
RSU (not sure, if it will be vested, vesting date in mid-dec

Is it expected or can i negotiate and if so what should i ask?

Under certain conditions you are now going to pay taxes on your UNVESTED RSRs. So you don't get sh*t for 4 years, but you get to lose shares due to the FICA taxes on them.

I understand this is IRS law but still.

Layoff Communication Timeline
• EVP/SVPs: Notified last week
• VPs: Being notified this week
• AVPs/Senior Directors: To be notified next week
• Direct Managers: Will notify impacted employees on 11/20 via phone call only (no WebEx or video)

⸻

Post-Notification Details
• Impacted employees will be removed from payroll on:
• 12/20, 1/20, or 2/20, depending on state notification rules
• After notification:
• No office visits allowed
• Work limited to transition duties only

⸻

Compensation & Benefits
• Bonuses: Paid out at 100% for the year (no proration)
• Accrued vacation: Fully paid out
• Stock awards: Will fully vest at their scheduled times — no loss of stock value
• Unemployment: Eligible, even if listed as “forced retirement”
• Severance:
• 2 weeks per year of service, up to a maximum cap per job band

⸻

Additional Context
• Further layoff rounds expected over the next couple of years
• Current phase involves 20% cost reductions
• Company undergoing major restructuring — work methods and operations will significantly change

I recently became bonus eligible (grade 11) in September (US employee).

However, I was basically told “everything is under review and typically you’d get 33% of your bonus in cash and the other 67% in stock”

Anyone know if that’s staying and when the payouts typically are? Can’t find anything on FUEL and my managers keep saying they can’t be 100% certain…

Yes you heard it here first a high up manager confirmed.

Specifically section 4.6.
I'll wait.

For example. If you accept a new position in January of 2026, you will not receive any grade level change, title change of compensation change until March 2027.

If you are in sales, it’s clear that this year has been one of the more challenging years.

As most of you know, sales journal is a fictitious number that is used for compensation only. It’s a number that is scalable to increase/decrease compensation. For example, Canon showed profits of 200% because they were able to raise quotas and pay out less compensation. It’s not because we were more profitable on deals. Print volumes are down so where do you think they took the money from? Yeah, let that sink in.

The one number though that will provide some real factual direction though is the billed revenue numbers. Central (with that layup PK gave to his friends) and West (another joke of a quota given to people who stop work at 2:00pm EST) have now dipped under 80%. The East (the FU quota) is just over 80% at 81%. These are the lowest numbers (not counting Covid) that the company has seen in a long time. This just shows they are completely off on their forecasts versus reality.

So what does this all mean. It means that we are not making enough money to support the number of people working here. As we enter the last months of FY2025, don’t expect the company to come out with any promotions or motivators that help you put more money in your pocket. The company can’t pay us while at the same time trying to retain profits for the almighty home office in Japan. The company will have to cut sales positions. I am not trying to scare people but Canon is not going to continue with this structure at these numbers. I highly doubt we will see that bonus in our paycheck at end of December with these type of numbers.

In addition, we will continue to dip on the market share pie chart as lesser end brands meet our current customers demand for a lower price. We are stuck trying to raise the price in an economy where no one is willing to pay more for these products. We are forcing our customers to price us out when we ask them to spend more.

So what happens next? More layoffs? Reduction or increase in quotas? Change in the compensation plan to adapt to the discounting needed to win deals?

All I will say is the decisions that are being made in Melville right now will either power this company through these tough times or drive the ship right into the wall.

Nearly end of the year, With the payroll cut offs due soon any news? Whats the delay the earnings have been published, mid years have been completed, why is this company still hanging onto peoples pay rises?

The title explains all, let's put salary band information into this thread.

What are the pay ranges for Verizon Bands 5, 6, 7?

If you do get RIFed, do you retain the stock awards you were already awarded?

I’m all for helping others, but what about helping your employees who are not making a living wage first? We all know this isn’t coming from Sarah’s hefty paycheck and she doesn’t have to worry about where her next meal is coming from.

Given that we are at the latter part of the year, does anyone know if one's STI gets paid since we have already hit our goals committed for the year, even if that means a prorated rate, I don't know if that happened in previous RIFs around the same time period???

I am joining EJ in couple of weeks and really worried about layoffs. I am leaving my current job to join EJ. There is pay bump in this job at EJ but I am afraid that the work load is too much and not sure how much is the bonus. They said the bonus for senior director is anywhere from 35-60% and I will be at level 15 and the next level is senior partner. How are the bonuses in the research department and do they pay good bonuses.?

Traditionally RIFd folks get 1 paycheck for every year they worked. Folks who took VSP got 3 weeks. Would be nice.

Many years ago the company would publish the range of salaries across pay grades. I haven't seen that in forever. Does anyone have a clue where things stand now for bands 5, 6 and 7?

Directors and sr. Directors are getting 30 months package for leaving the company. Others will get max. Of 12 months package

SGL 15-18 have had their total comp reduced, although the company has done a good job at dressing it up as no big deal with their slide show. Basically, your vcip % goes down and your RSU % goes up and to help offset inbetween until those elevated RSUs vest there is a lump sum payment. However when you do the math the reduction in VCIP for the two lost years outweighs the laughably small lump sum payment, and the bigger the VCIP amount the bigger the loss. Further to that you lose some pension on your VCIP since that’s a smaller number now and SGL 17 and up loses their perq bonus. This was all announced the day after layoffs were completed. Congrats now you work for less, enjoy.

Hearing about a bonus in December but cannot find information. If so, will it be paid if laid off before December?

SLT members from the last 5 years return your compensation.

While you’re sweating it out, fearing the next round of layoffs, Mike Wirth’s raking in obscene cash $60 MILLION in 2021 (more than 50,000 Ecuadorians combined!), $29 MILLION in 2022, and a fat $32.7 MILLION in 2024 with a smug 19% raise. Meanwhile, your pay’s stuck in the mud. 😒 Chevron slashed 20% of you in February 2025 to “save costs” (boo-hoo, low oil prices), and now they’re plotting to axe 9,000 MORE jobs through 2026. But don’t worry, Wirth’s wallet is safe! 💰
Oh, and guess what? Critics say his bloated paycheck is tied to shipping YOUR IT jobs overseas with H-1B visas, spitting in the face of American workers. All while Chevron funnels millions to Trump-aligned causes. Disgusting. 🤮 Wake up, Chevron your loyalty to greed over employees is pathetic. This is for all you boot licking chevron employees that think you are untouchable….. 🤡#ShameOnChevron #you arejustanumberonaspreadsheet

There’s been talk, from a source I trust, that leadership has been exploring workforce reductions. The numbers being floated include cuts of 15% up to roughly a quarter (25%) of staff under each director across most departments. The focus appears to be aggressive cost savings, and part of that includes looking at compensation levels and where employees are in their career timelines. Officially, they can’t say that’s a factor, but it’s being quietly discussed.

What’s even more concerning is that some highly skilled employees are being targeted not because of performance, but because they don’t fit in with their immediate manager’s preferences, push back against the status quo, or are seen as difficult simply for having a different perspective. If someone isn’t aligned with their leader or is viewed as inconvenient when numbers need to be met, they become an easy choice.

It’s incredibly hard on the people who consistently show up, do exceptional work, and still go unrecognized especially when they’re not being supported or advocated for by leadership. This year feels different. The impact will be left on the shoulders of the people that are left behind, overwhelmed, burning out, and losing their sense of pride in the workplace. But with cost cutting being seen as 'essential' to the business, this is the direction things seem to be heading.

As a retired, original LP owner I am wondering why the most obvious question was not addressed.
How will this change affect annual payout percentage, for original owners, in the future. We have enjoyed an average 20% for many, many years. Will that most likely be reduced.

Anyone know the salary ranges for a Level 4 & a Level 5?

I hope Mike and the board invoke the clawback policy to recoup the compensation paid to Frank and Bob Hau over the past couple of years. They knew the growth projections and guidance were wildly unrealistic. It would be therapeutic to have them held accountable.

I am a P4 at the top of my salary band, making $175k base and about $50k bonus the last few years. I’ve been with the company awhile so I have great PTO, and I have always been a top performer. The recent culture shifts and in office expectations are a drag, and my workload has greatly expanded as we have eliminated many people on my team due to location strategy and not replaced them.

What are the odds that that I can find a job at another company that pays this well but has a better employee centric culture? Where should I look?? I’m in a moderate COL market.

What is the timeline for

1. Manager submit perf rating.
2. Bonus amount confirmed.

I got the enroll in deferred compensation email today .

how does this payout work? When would we receive the settlement?

Does anyone have any information about what was going to happen in December with compensation? The messaging we got was that it is just a salary update for some people but not for everyone. Initially we had thought it would be across the board.

Is he really talking to us about how we manage our pay and cut backs we have to do at home? He did get a raise this year, when have we received a raise to support the cost of living increases?

Will someone please post what the Bonus payout percentage is, if it was emailed yet or when they do send it? As someone that was laid off this summer, we’re eligible for pro-rated payment and I’m curious where it’s sitting at as of Q3. I saw a post about the GTH and usually they release it around the same time but haven’t seen anyone mention it.

As Perrigo continues to slide despite laying off hundreds of people and affecting many families they are now advertising that they will give 52 weeks pay to anyone who stays on at the Vermont site until 2027. Considering long term employees received 1/4 of that (or perhaps nothing going forward) its shameful.

https://www.samessenger.com/news/business/perrigo-georgia-hiring-operators/article_f845eed2-e6d4-400f-b38b-591e6ba0a29f.html

Is a selling lead a manager without the pay? Why don’t they just call the position a selling manager? Any input would be helpful

https://www.calcalistech.com/ctechnews/article/r1lw3rwjbe

Is payday still tomorrow (Wednesday)

So if you are let go what's the package like at Conoco these days? I left many years back and moved to family business. So just curious if it's better than what it used to be.
Good luck !