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What is your grade and severance minimum?

Here is the table I found for the US severance package (Effective 1st January 2025).

Completed Years of Service Grades 20–26 (84–86) Grades 27–28 (87–88) Grades 29+ (89+, M1–M4, SLT, ELT)
0–3 3 weeks 5 weeks 11 weeks
4–5 4 weeks 6 weeks 12 weeks
6–7 6 weeks 8 weeks 14 weeks
8–9 8 weeks 10 weeks 16 weeks
10–11 10 weeks 12 weeks 18 weeks
12–13 12 weeks 14 weeks 20 weeks
14–15 14 weeks 16 weeks 22 weeks
16–17 16 weeks 18 weeks 24 weeks
18–19 18 weeks 20 weeks 26 weeks
20–21 20 weeks 22 weeks 26 weeks
22–23 22 weeks 24 weeks 26 weeks
24–25 24 weeks 26 weeks 26 weeks
26+ 26 weeks 26 weeks 26 weeks

I wonder, whats it like in different countries?

#ELT #Severance

New ELT

Maybe for the cost savings we get a new CEO that is at the Engine? Would save over 30 million a year. Or let AI do the ELT job, cant be any worse that what we have now. We are wasting millions on our ELT now!

#AI #CEO #CostSavings #ELT #Waste

It’s the most terrible time of the year

It’s just gross that layoffs are coming. They can’t seem to find a time to do it except around the US holidays. It was better in the old days when they’d do it in August. But no…. They decide names in Nov and plan to do it later winter.

I mean there is never a good time but having a dark cloud over the holidays just stinks. Thanks ELT! I hope you can’t sleep at night!

#ELT #Holidays #Layoffs

Worst ELT

If you are working hard for this company, dont. They dont deserve any of our efforts or loyalty. They have to be the most hated group of "leaders" in Chevron history and might rank up there on most hated in US history. They single handedly took a much loved company to one that the employees cant stand. They should be ashamed!

#ELT #ToxicLeadership #Leadership #Morale #Culture

Rewarding the Wrong Things

Employers say they want people with integrity, loyalty, and to become really good at their jobs in order to serve the clients/customers with exemplary service and products. But, they reward people who do whatever it takes to advance. They tell FA's to push products that are fee based when those products are not in the best interest of the client (lack of integrity and ethics). They preach loyalty yet they bring in people from the outside and pay them more than paying long tenured employees because they know the current employees will stay without a competitive merit increase. They also preach customer service and job performance. Yet, when they think they need to restructure to be more competitive they just run analytics and cut with a machete instead of doing research to keep top performers with the plan to hire people back when they have finally decided what roles the firm will need. I understand this is what most employers do. However, this is not what Edward Jones has ever done. Penny and the rest of the ELT has decided to do this and therefore has made Edward Jones just another run of the mill employer. Edward Jones used to be a destination employer. A place where quality talent wanted to get to and stay. That is why Ted decided to have your profit sharing vest one hundred percent on day one unlike most employers. Now, Penny has decided to just run the company like any other. Top talent will not choose to come here. Top talent will not choose to stay here. Penny has decided to destroy the culture of this company from the inside out. The fall of this firm will not come from an outside threat. It will come from the inside. I believe the time is now. I believe her name is Penny Pennington.

#Ethics #Culture #Leadership #Restructuring #ELT

Our ELT is clearly over their heads

7 years late with engine
No exploration success
Broken organization and failure to meaningfully centralize
Demotivated workforce
Unbalanced portfolio
CNE failed
Succession problem
Now series of OE incidents

All they have been able to achieve is to return cash from already producing assets back to shareholders. We dont need to pay them 33mm to do that

#Leadership #ELT #Accountability #Culture

It's the board you should be pi---d at

Everyone's whining about Mark B, Sandy, Duggan, Savinay, Shannon, etc ..... But you're barking at the wrong tree. It's the board that everybody should be pi---d at. They are the ones who enabled this mess, fostered it and encouraged it until such point where it became counter-productive and too legally risky to keep Mark B in charge. Yes, all the above people contributed in no small part to this mess, but the board is the source of all evil. They are the ones who should have been fired a long time ago by investors, if said investors truly cared about this company growing. Breaking news, it's not meant to, never was. It is (was) a cash-cow and nothing else. The acquire and trim strategy was not born with Mark B. It was always the brainchild of Jenkins, Sadler and Fowlie. This is how OpenText grew since the beginning. So ask yourself what's going to change with Mark B gone? Not much. A new CEO, maybe a new ELT, a trimmed down OT but deep down you can't turn a tow truck into a ferrari, not matter how much visionary or smart you think you are on topics like AI and information management (yes, looking at you Tom J). Once OT 2.0 is more or less in a functioning order with a balance sheet that's not threatening to cut its jugular, the good old habits will come back. That said by the time that's done, the world will have changed dramatically and the amount of catch-up OT will have to do will be massive even compared to their situation today.

#BoardOfDirectors #Leadership #Strategy #ELT

Response to those who say this is normal

No.

This is not normal.

Not here.

100 years without a layoff.

Market crashes, depressions, recessions, oil crises, inflation crisis, housing crisis, lawsuits, wars…. AND NOT ONE LAYOFF.

This place was supposed to be different. It WAS different. This is not normal here, but now that we have opened this can of worms it is just another thing we can do to boost Penny’s pay, to add GPs from other firms, to add a new ELT member.

We. Were. Different.

Now we aren’t anymore. We should be angry. Those who are gone and those who are left SHOULD be angry.

#ELT #Culture

Leader here: Just giving you a heads up, Cisco ELT decided to split this year's raise/promo budget in half.

This Merit is terrible for everyone (except ELT ofcourse). I'm rying to give a “critical to retain” a small % increase and it dropped my budget next to nothing for the others.

Sorry guys but it's going to be a lot of disappointment, you're getting near to nothing in this reward cycle, dont get angry at us (your managers), Cisco ELT is sc--wing you.

Mind you, ELT compensation and stock price is/was at an all time high...

#ELT #MeritIncrease #Promotion

Enough is enough…..It’s time to go

It’s time for the lazy incompetent AE’s and the Service Sales Executive in the UK&I who have been hiding behind the promise of sales on large accounts to go.

They have been BANKING on being shielded by the sheer fact that they have ownership of the largest opportunities. No real strategy just sheer luck which they feel warrants them to be deemed the best. This has been enough to protect them. Historically these wins have been not because of them but merely because the clients had not other option but to renew.

We in the UK and EMEA are losing talented resources because of the incompetence of these people.

Time to take action now ELT (RP & MH) before it’s too late.

#ELT #EMEA #UK #Sales

#OP I'm assuming you are internal to Cisco and not affected by the LR?? Have you ever been affected by an LR?? or one this badly managed based on lies and BS this close to Christmas as the sole breadwinner while sitting through endless crapppy all hands where ELT and SLT parade around their plans for the holidays and say how proud they are and blah blah blah?

Either way #OP - crawl back under your rock and #ELT how about you start delivering on the much talked about transparency and just be fk1ng honest for once rather than waiting for the EPS to peak so you can dump your shares and strike rich off of the backs of all these good people you are culling. you lot in your ivory towers make me sick

Incredibly excited to announce Jumpstop! - a new bold and focused program where cheaper labor jumps in to replace YOUR JOB! But wait, there's more! We will shamelesly dress up training your job takers as an "exciting" career op! They jump in, and your job stops! Jumpstop! And 98% of "excited" comments are from one location - unaware that this wheel will always keep turning, as Gdynia just found out. JumpStop! #ELT-Shame #BaliPostcard