#severance

There are so many woman taking LOA as of September 30. What a luxury to take a year off amid massive restructuring! Right now in the Finance everybody knows there are huge cuts coming. Everybody knows after Polaris is implemented there is no need for that staff. And everybody knows if you are late 40s early 50s your risk to get PIPd is high. And I’ve heard from several people now in the after Polaris they will begin offering packages to those close to retirement.

If you can afford a year or two without salary because you saved or have an executive husband, you save being PIPd, still get years of vesting, health insurance, and leave with a package.

I can't wait to get severance and leave without ever looking back.

I wasn't aware until recently that severance is not law-mandated. What's to stop this leadership from offering it? It's not something that would surprise me at this point.

Is there a chance of me being impacted by any layoffs? I’ve been on the team a little over two months and it took me forever to get in. I do feel that there is a lot of redundancy within my team and more folks from vendors being brought in on H1B, and already having a team in India.

I’m assuming I’d be sc--wed on any severance?

Based on conversations I’ve had internally, the comments on Reddit and this forum, and the Q2 earnings call (severance funds), it does appear that this Wednesday will have impacts across the entire bank.

What should we look out for? When would meetings get scheduled? Tuesday night? Wednesday morning?

The South Brunswick Township Council has introduced a $1 million special emergency appropriation. This funding is designated to cover contractually required severance liabilities. These liabilities stem from employee retirements and layoffs anticipated in 2026. The ordinance allows for financing through bonds or notes. This mechanism is permitted by state law for such municipal expenses.

South Brunswick, NJ

https://www.tapinto.net/towns/south-brunswick/articles/south-brunswick-introduces-1-million-special-emergency-appropriation-for-employee-severance-costs

US Layoffs Roundup (9/12/2026)

• Oracle - expanding its 2026 restructuring plan by another $700 million, bringing expected restructuring costs to about $2.8 billion, largely tied to severance and job cuts; the number of additional layoffs was not disclosed.
• School District of Palm Beach County - cutting 244 positions following an enrollment decline; the district says the budget reductions are expected to result in position eliminations and subsequent layoffs.
• Montrose Forest Products - 90 employees at its Colorado mill face permanent layoffs under a WARN notice filed with the state.
• USC Viterbi School of Engineering - cutting 65 employees, including programmer analysts, software engineers, program directors, web developers, computer services consultants and network engineers.
• Visionary Realms - developer of Pantheon: Rise of the Fallen announced layoffs as part of a restructuring; the number of employees affected was not disclosed.
• McClatchy - follow-up reporting says more than 90 unionized journalists were cut across 17 newspapers nationwide.
• Idaho Statesman - follow-up reporting indicates the McClatchy cuts eliminated roughly half or more of the newspaper's journalists, with one report describing about 60% of the staff as affected.
• Fresno Bee - follow-up reporting says the McClatchy layoffs eliminated as much as 40% of the newsroom.
• Sacramento Bee - follow-up reporting confirms the newspaper's final three sports journalists were eliminated, effectively wiping out the sports department.
• The State - South Carolina newspaper was also hit by the McClatchy layoffs, including elimination of its environmental reporter position.
• Lexington Herald-Leader - additional reporting describes the McClatchy layoffs as a major reduction at the newspaper; several reporters were among those eliminated.
• Charlotte Observer - follow-up reporting confirms eight journalists were lost in the McClatchy layoffs.
• Conifer / Tenet - follow-up reporting puts the previously announced workforce reduction at 1,037 primarily remote employees across the U.S. tied to the departure of a major customer.
• CLYNK - follow-up reporting confirms a WARN notice covering 54 employees as the company closes its Biddeford, Maine facility.
• Ruiz Foods - follow-up reporting puts the California job cuts at 176 employees following the company's headquarters move to Texas.
• Business Insider - its unions issued a statement criticizing management's continued use of layoffs; the alert does not specify the size of the latest reduction.
• Block - CFO discussed the company's earlier AI-related workforce reduction of about 40%; this was not a new layoff announcement.
• Amazon - new reporting on Seattle office consolidation notes that more than 7,200 local employees have been affected by previous layoffs since 2022; no new layoff round was identified in the report.
• Meta - new reporting on additional Washington office space being put up for sublease references layoffs that began July 22; no new layoff round was identified.
• Disney - mentioned in reporting as having conducted previous rounds of layoffs and offered early retirement to longtime executives; no new layoff announcement was identified.

An Oracle RSU agreement publicly filed says unvested awards terminate when employment ends. Its definition can use the date termination notice is delivered, and excludes notice periods or garden leave from extending employment for vesting purposes. That means continued pay alone may not preserve vesting.

With September 15th being a big vesting date, I’d say with 99.9% certainty it’s coming Monday the 14th. This date was corroborated by an M7

For those who have been impacted, how long after your last paycheck did you receive your severance payment?

FYI- I received an email around 5pm with the following info:

Due to an error in Workday, your severance documents were not pushed to you as intended. Therefore, we have moved to process your severance benefits manually. Please note that you will not be able to sign your agreement in Workday due to this error. We will need you to either print, sign and scan the document to be emailed back to us, or use any electronic signature application to sign it instead.

Ruiz Foods is implementing layoffs affecting approximately 175 positions at its Dinuba manufacturing plant. These reductions are scheduled to take effect on November 4th. The company cited a need to align production capacity with anticipated customer demand as the reason for the cuts. Employees were informed of the decision on September 2nd, and the Dinuba facility currently employs around 1,400 individuals. Eligible workers will receive severance packages and may have opportunities to apply for positions at other Ruiz Foods locations.

Dinuba, California

https://www.yourcentralvalley.com/news/local-news/ruiz-foods-dinuba-layoffs/amp/

Have seen several post regarding questions about severance payout. The specifics vary from country to country and the time he made to, but in the US payment is not paid on the normal pay cycle.

I'm happy to have gotten the VTP payout of 104 weeks pay.

For those that have been at fiserv 5 or more years what was the package when you got laid off?

Once upon a time, WFB was a great company to work for. I worked through many bank mergers and changes. Most all team members worked hard but were recognized and rewarded fairly. In late 2019, things started changing. Layoffs, change in benefits, Severance times were reduced, etc...then the pandemic happened. My biggest regret is not seeing the writing on the wall. I regret working 12+ hours/day for days on end to meet quarterly deadlines. I regret not speaking up to advocate for others and myself. I regret not job searching early on, thinking I'd be able to reach full retirement age. at WF I regret not moving my 401K to another institution as soon as age permitted. I regret not contributing more to Roth vs. conventional 401k (biggest regret!). I regret not furthering my education to pursue other opportunities.

What I don't regret are all the amazing people I worked with over the years and still keep in touch with to this day. I sure miss the company WF used to be. The Holiday parties, office lunches, employee-family picnics, bowling and softball nights...it once was a lot of fun and an enjoyable place to work. I looked forward to going into work. Unfortunately, today's generation will never know what that kind workplace culture.

After 30+ years, I was displaced before I could reach FRA. It's been over a year since displacement and after hundreds of job applications, not one interview. Yes, I've worked with job coaches, AI, etc...but unfortunately young senior's are not wanted except for Wallmart greeter type jobs.

I loved my job and the people I worked with, received great reviews, tolerated little if no raises, but would have been grateful to say I was able to fully retire from there. I don't miss the RTO mandates, feeling like big brother was constantly watching, the micro-managing managers the last few years, constant manager turnover, and just the overall toxicity in the office. This is my last post, then I'm off this site. Not looking for any mean or sarcastic comments. I just wanted to vent and get my thoughts out so I can move on and not look back. Good Luck to all of you who are still working, especially the long-timers if there are still any 30+ TM's out there.

I have yet to receive anything regarding Dayforce, ISP severance, or anything of that nature. I’ve only received an email stating my information in Dayforce has been updated. They had no problem sending emails about sending this raggedy @$$ equipment back so they clearly they have my correct email on file. Anyone else waiting???

When you are paid out at 2 months plus a week for every year. Is that based on your TTC or just your salary portion?

I wanted to put something in writing rather than let it sit, because I know a lot of you are feeling this too.
Based on some of the comments posted It's been suggested that people should be more upbeat about the VSP/ISP changes, and I don't think that's fair. Nobody made a decision like accepting a separation package lightly. For a lot of us, this isn't just a job ending — it's years, sometimes decades, of investment in this organization that we once felt was serving our members and communities. Being asked to greet this change in your livelihood with a cheerful face doesn't erase what it actually feels like, and downplaying it doesn't reflect well on whoever is asking for the cheerfulness. In this industry we all are aware that change is inevitable. But being reassured by your PL your team is safe and suddenly advised your last day is in two weeks hurts.
Caring about how this is handled doesn't mean someone isn't grateful for their time here or isn't committed to doing good work until the day they leave. Staying professional and finishing strong is not the same as pretending this doesn't hurt — both things can be true at once.
I'd also ask that people keep in mind: many of us aren't just colleagues to each other. We may well end up as members on the other side of the services we've spent our careers building. That connection — and that responsibility — doesn't disappear because a title does. Please always remember elevators work both ways. You may be headed up one day and down the next. Learn that a kind word and a small bit of empathy for all will go a long way. I wish everyone well

Don't stress

Calgary-based FinTech company Neo Financial has announced significant layoffs, impacting 102 employees. This reduction represents approximately 10 percent of the company's total staff. The decision was made to streamline operations and foster a more agile team. Neo Financial stated that the move aims to increase focus and efficiency in product development. Affected employees will receive severance packages and transition support.

Calgary, Alberta

https://betakit.com/neo-financial-lays-off-roughly-10-percent-of-its-staff/

1 month sev for year of service?

For the rest its still bad, no increment. Falling stock. What else?

Does anyone know what the current UK severance package is? Someone affected recently maybe? Thanks for any info.

I'm a management employee and my boss asked me if I wanted to consider the layoff package. He purposely provided no detail on what the package might look like for someone with 22 years. Anyone have a real idea what the severance packages have looked like recently? Also, are we eligible for unemployment once the severance timeline has passed? Thank you in advance.

I'm in Optum Health and I'm desperate to leave. Like actually considering resigning this week because I can't take this place anymore. However, if there's a chance I'll be laid off in October, I'd certainly choose to hang in there and collect my severance. So my question is... how bad do we think these layoffs will be? Is it worth waiting? And does anyone know when in October we should expect layoffs?

Trying to access dayforce like the instructions stated since I've yet to receive anything regarding signing off on severance or even equipment. Anyone have success or is there a way to access to instructions to make sure im not missing anything? I got an email to my personal email from dayforce about updates being made, but for some reason i cant login or reset my password either.

I had a two decade long career at Shell. I held on to all the shares that I got through PSP and the discount. Two years ago Shell gave me the ol' heave ho severance package because I don't match the DEI quota for senior leaders (aka male on a 100% male team and I don't have either a tan, an alphabet letter, or an accent so I was the one selected to go). I was watching the Shell shares run up in value... but the nagging part was that while watching them climb XOM was climbing faster percentage wise... and for most of the time QQQ and nvidia were too. I kind of regret hanging on to Shell for a higher price when selling Shell and buying a better company would have done me better financially.

Selling Shell to buy a lot of different things would have been better. the idea of hoping your holdings are the winner is like staying with your first pick on the Monty Hall problem

SELL Sell SELL

Note: Used AI to clean up and organize the wording of this post. The information and content are based on what we’re hearing from our contacts. AI did not generate the information.

The dates being discussed are not completely baseless or intended to add fuel to the ongoing rumors. They are based on information we are hearing from reliable sources.

The dates being mentioned are Sep 14 for the US and Sep 14 or 16 for IDC. One reason being discussed is that last time there were legal considerations around the Sep 2 timing and stock vesting, so there may be an effort to avoid similar issues this time.

Again, none of this is officially confirmed. This is simply what we are hearing.

If multiple people on Blind and here are independently talking about Sep 14, there could be some truth to it. Something similar happened last year when there were a lot of rumors about Sep 2, and the layoffs did happen on Sep 2.

Potential impact:
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Based on what we are hearing, the impact could be mostly GVPs, middle management (M2/M3), and some ICs. But this is also not confirmed

###What you can do between now and Sep 13 midnight.
————————————-
1). Back up your personal materials
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Do not take Oracle proprietary or confidential materials. But download your personal documents such as paychecks, benefits information, contact details, performance records that you are entitled to keep, etc

2). Get your personal laptop ready
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Have your personal laptop set up with everything you may need for a job search. If something happens unexpectedly, you don’t want to be trying to transfer everything from your work laptop at the same time

3).Understand your health insurance options
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If you’re concerned about coverage, call Covered California this week and understand your options (Blueshield Silver instead of Cobra etc) before you need them. Don’t wait until the last minute. Also understand how WARN and COBRA work so you can make an informed decision based on your situation.

4). Review your life insurance
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If you currently have employer-provided life insurance, understand what happens to that coverage after termination and consider whether you need a personal term life insurance policy to protect your family. You can buy 20 year term insurance plan this week

5). Be prepared for the process
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If a layoff happens, you may receive a meeting invitation such as a ‘business update’ with your manager Sunday night or Monday morning (or just an early morning email). They will explain the next steps, including severance, benefits and returning company equipment. Follow the official instructions you receive.

6). Don’t panic
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If it happens to you, take a breath. Understand your severance and benefits, and apply for unemployment through EDD if you’re eligible. Give yourself some time to process everything.

7). Start preparing now
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Update your resume and LinkedIn profile. Start applying for jobs and consider using the time to upskill, especially in AI. You can spend part of the day applying and part of the day learning. It may take some time, but don’t give up.

Layoffs are happening across the industry, but the uncertainty and repeated restructuring can be very stressful. If something does happen, remember that it is not the end of your career. Take care of yourself, stay positive and focus on the next opportunity.

Hopefully none of this happens 🤞 But being prepared is better than being caught off guard.

Will people in the bottom 10% in the US get the standard severance package? Or will it be considered “fired for cause” and you get something less (or worse nothing).

If your state has 60/90 days notice, let’s say you have 15 vacation days left and 9 years of service - what’s the severance period?

what did it look like and how recent?

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?

For those whose last working day was around September 4th, has everyone already received their severance package/agreement by email? I still haven’t received mine and just wanted to see if anyone else is still waiting. Thanks!

My last day as an employee is on 9/18. Anyone know if the ARAG benefits continue during severance period? I know I will have the health coverage. Thank you in advance.

Has anyone who separated on 9/4 gotten an update as to when the payout will occur? Also will anything deter you from getting the VSP? I just have so many questions and concerns and it was written poorly; leaving a ton of questions

If I'm laid off, what are all the necessary steps I need to do right after? I'm assuming giving back any equipment, but outside of that?

I've heard there have been some reductions, but can't find any info.

Has anyone heard that the severance pay is going from 1 paycheck/2 weeks of pay per every year of service to 1 week of pay per year of service? I’m really hoping it’s not true.

Why should I agree with a severance package that is below the big tech industry standard of 3 months and few weeks. They never offered me RUS or any bonuses ( only twice of 100 euros) during my 8 years work
Why can't I sue and get more?

First. I received my severance paperwork on Sept 5 around 3:42am via my personal email.
Second. Severance had less than 17 weeks it told me I would get.
Third. I didn't sign anything. It is an email on the severance you can address your questions too.
Fourth. From what I am reading it is best to sign the severance after you receive your last pay check.