To build 100 billion dollar company after more than 50 years ?
To turn a 100 billion dollars company into more than 400 billion dollars less than one year just by laying off workers?
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To build 100 billion dollar company after more than 50 years ?
To turn a 100 billion dollars company into more than 400 billion dollars less than one year just by laying off workers?
What is the deal with location tracking? Who tracks it? Will MyWork and people with medical accommodations get tracked in addition to others for Workplace Excellence?
Just got displaced. Understand that as an individual I cannot start a new role during this timeframe, but if I have an LLC, then my single-member company gets paid and not me as an individual. Any thoughts? Any useful, constructive thoughts?
Are we eligible to be compensated if laid off?
What is settlement agreement? Does it have any drawback if I sign it? Do I need any lawyer to process it. Any help will be appreciated.
Curious how it works if you get laid off while you’re out on PTO. My manager has been very distant for a number of weeks now so I can only assume I’ll be part of the April 30 cut. I took this week off so they don’t lose my PTO but I’m curious would they still call me on Thursday? What if I don’t answer 😅
Just got called into a meeting about how long bathroom breaks “should” be, and what times we are “allowed” to take them.
AP has camera footage and tracks employees that are on the clock.
How is this legal!??
Was there any extended medical coverage included?
Sorry to be insensitive and sorry if you’ve been let go. I think I’m next on the chopping block. I was wondering what does the severance package look like ?
We all see the massive cost, lack of efficiency, and the lack of ROI.
AI is massively subsidized by companies burning money to prop it up. For every dollar we spend the AI company loses $3-8, SERIOUSLY LOOK IT UP! At some point they will need to turn a profit. If that was today it would mean increasing the cost 300-800%. The hope is making it more efficient, but can they really make it 300-800% more efficient in the near future? Open AI burns 100 BILLION DOLLARS a year, without making a dollar. Even if they make it 200% more efficient, they will still need to more than double the price to make any money.
With how leadership is "adopting" the AI future, AI won't replace jobs, the massive unstoppable loss will.
Anthropic and OpenAI are honey potting companies like BNY into building infrastructure supported by thier products and will lock us in to a massive bill we can't avoid.
This is just a reminder to everyone that we have the ability to vote for or against the board members that deny us raises and approve the salaries and bonuses for the MC.
Use them. Later this year when the voting comes about USE YOUR VOTE. They won't pay attention to the TTUS but they certainly will pay attention when their shareholders start voting against them..
Has severance remained the same or have there been any changes?
After your termination date any remaining stock is accelerated for you to cash out. But you do have to wait 60 days before it is available to trade. With the direction the price is going, it’s not going to be worth much.
Or maybe can point me to where I can find that info?
I've been at FIS for years. Never once got a bad review. Never been put on a PIP. I showed up every day, did my job, kept my head down. Then they called me into a room without any prior warning and handed me a layoff notice. No explanation beyond the usual corporate language. I'm over fifty. I've given this place a big chunk of my life. And they cut me like I was nothing. Perfect reviews didn't protect me. Being a good employee didn't protect me. Nothing protected me.
When I resign I understand I need to first be sure to take my carryover and personal days and then vacation will be paid out. Is that correct? Not sure where to find this info.
but is it possible to negotiate your severance? Do we have any leverage in the whole process?
I have more than 15 years of service but am in my 40s. Alight gives me the following info when I calculate my lump sum:
One-Time Lump Sum
No payment to your beneficiary.
If married, your spouse must consent.
To choose this option, you must take all of your pension benefit(s) as a lump sum. Does this mean I cannot get a lump sum when I resign?
“This option is only available to you upon termination and at your Normal Retirement Date, or immediately upon separation if later than Normal Retirement Date.”
Been hearing that since I’ve been with the company for 10+ years, I get two weeks of severance for every year I was employed? Is this true? If so, I heard WF has a procedure in place to actually help keep you from collecting on this severance if you start working for another company within a certain amount of time? Is this true?
My last day is today but I didn’t receive my last paycheck that comes with the PTO/ sick days. Does that mean it’s coming in on Thursday?
Anyone factually know of the enhanced severance details? I know someone who was laid off a year or so ago and after 12 years they got one months pay and silently finished there two weeks.
I hope it’s better than 1 week a year and some bogus outplacement service.
Has anyone NOT signed their agreement? I wonder who all received this agreement- was it the entire company?
I received a wonderful, threatening email today saying we have to sign by 6/30 or you will not be eligible to receive pending or future LTI awards. I’m a bit confused why this is being rolled out now. No new role, no new job, not even customer facing. Simply put: I don’t believe this is even applicable to our role but there is definitely triggering language in there NOT specific to customers rather generally speaking ‘confidential information’ which seems like they are trying to give employees a gag order for retaining/documenting information (not customer related) to protect themselves by preventing employees from documenting their shady ways. Curious your thoughts….
When can I start applying for Unemployment Benefits from California?
If WARN ends on 6/1/2026, can I start applying for it now? Or do I need to wait till get the lump sum payment after 6/1?
Has anybody determined what is happening to our 401K match that we are entitled to up to our "transfer" date of 04/12/2026? This was not a voluntary resignation so I would assume we are still due our match. So do I have to leave my 401K with Fidelity until 1st qtr 2027?
Please share info on severance. I'd just like to know if there have been any changes (reductions) compared to previous rounds.
If anyone is negatively impacted by "not meeting the RTO goal" and is fired, you better run and file a case. Document that they admitted their data and reporting was inaccurate and inconsistent. They falsified reporting!!! Also, its a tad bit discriminatory if they are punishing people inconsistently and there is no Policy or equal treatment but "discretionary". This is too easy and seems targeted. Are you over 40? A woman? A POC? Regardless of whether people like it or not, there are laws that are still applicable and you cannot target, discriminate or retaliate. File complaints. Document! Document! Document! Our HR is a joke! They leave it vague depending on no one knowing their rights and think their too big of a company to fail. Learn your rights and how to fight. Too many running on fear and thats how they got you.
I mean, why not. Many of us will either be laid off soon or will leave anyway. I am not counting on any raise, but why not try it? Why make it easier for them, if they are not doing it easier for us, what is the worst that can happen, we have nothing to lose really.
“The WARN Act offers protection to workers, their families, and communities by requiring employers to give a 60-day notice to the affected employees and to both state and local representatives prior to a plant closing or mass layoff.”
So far Nike has not filed a WARN notice. Should we expect to see it if anything happens?
Anyone recently gone/currently going through redundancy in the UK?
If you've had your consultation meet was the pay offer statutory, VZ typical enhanced (month a year up to 6 months) or somewhere in between?
Anything else interesting that could help please?
Anyone knows the rules?
Question for those who were impacted during prior layoff cycles:
During the 2 months you remain an employee, do you continue to accrue PTO as you normally would? Or do they lock in your PTO balance when you're notified?
Against the farm for no payment to wfh employees for office space, utilities, and internet.
If you are fired or reprimanded because of Pega Workforce Intelligence it is defiantly cause for class action.
In summary, Pega Workforce Intelligence is generally considered a legal tool for workplace surveillance when used on company property, but it raises significant ethical and privacy concerns when not implemented transparently.
Google ATT RTO lawsuit.
Apparently, a family member having a medical emergency that requires someone to be present isn't a valid reason for a remote work exception! I learned my lesson, I'll just call off sick instead of giving a damn about this sc-mmy org.
Copy and paste link below to view post. Don't accept "NO".
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As we know, when you’ve been at Wells Fargo for 10 years, you get an additional 40 hours PTO… But they don’t give it to you at the start of the year but rather they spread it out over 12 months. If you’re let go or fired before the end of the year, how much of that 40 hours do you get … that is, would you get whatever is remaining or due to you from the separation date until the end of the year? In other words, do you that 40 hours PTO or only that much of it that has been given to you up to and ending on your separation date?
I haven't been here long, I just want to see if I'll get anything if I'm cut in the next round of layoffs.
https://www.hcamag.com/us/specialization/employment-law/former-att-director-alleges-return-to-office-mandate-drove-out-older-workers/570973
A former director is suing the company for age discrimination related to the RTO and relocation BS. She specifically cites Stankey’s remarks in 2023 about the employee demographics skewing too old. Too much to ask first but boy would it be awesome if they got nailed for this!