#exitpackage

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PIL agreement

Anyone know if the PIL document is available to view. What are the conditions and what if you don’t sign it? Does that mean you automatically get the PIP and 3 months pay? If they cut the PIP short, do you not receive anything offered in the PIL? What about benefits like medical and pension balance? Do those get forfeited?


It's crazy how much BNY is paying talented employees to leave

BNY doesn't seem interested in keeping talented employees. They're paying some truly great people to walk out the door with each new layoff. I don't understand the strategy. You pay people to join, you invest in them, and then you pay them to leave? The math doesn't add up.


U of P announces possible layoffs soon

U of P today announced possible reorg and layoffs soon. It has started by offering early leave package opportunities for some employees but says they are not clear that they will approve their applications. If not enough volunteers to leave they will then need to layoff. Their HR webpage was impacted due to employees trying to research benefit packages ---- so would seem many employees must have received the offer.


Severance packages available!!! Carlsbad/Hobbs

Well, guys, I was offered a severance package today, and I didn’t take it. HR told me that if I don’t accept it, I’ll most likely be laid off in mid-November during the next round of layoffs. They gave me until the 18th to make a decision, and honestly, I don’t know what to do anymore.

I was able to review the package, and it’s 11 months of pay. I also get to keep my stocks. It’s a tough decision.


Stern Show Staffers Seek Better Severance

Former employees of The Howard Stern Show are negotiating for improved severance packages following recent layoffs. Many found the initial offer of one week's pay per year of service to be insufficient. Some staff members have refused to sign non-disclosure agreements as they push for more favorable exit terms. While some have reached satisfactory agreements, others are still in discussions with SiriusXM. The layoffs follow a reduction in the show's live broadcast schedule.

New York, NY

https://www.the-sun.com/entertainment/16771714/howard-stern-fired-staffers-fight-severance-pay/


What’s US Severance?

Mentally preparing for Monday layoffs in aiops - how does severance work? Do you stay on the payroll for a certain amount of time or get the package worth up front? What happens if you find another job during your severance time (ex new job 2 months into a 3 month severance) - do you forfeit the last month?


Is severance still 2 weeks per year?

No one wants to lose their job including myself. Does anyone know if they are still offering the 2 weeks per year. I would think so but some band 4-5 might know.... I'm band 7 so I'm sure I'll find out or maybe not. Please share if you know, and sorry to all those hit. This really does su-k, I'm in PSO.