#severance

I wouldn't have minded taking a severance package. Could have saved one of my teammates who I know couldn't afford to lose his job, and he did. I'll never understand why a voluntary round isn't always offered before an involuntary one. Wouldn't that be a win/win?

Layoff email from Meta says:

Payment of COBRA (health insurance) premiums for you and your family (if they are dependents on your current plan) for 18 months.

From my friend I heard, Oracle is just paying 1m .

I know some people got laid off last month. I got laid off today. My official termination date is 6/3, so they gave me two weeks' notice. I will receive my severance pay twice a month, just like my paycheck, and three months of COBRA. I have been with FIS for over 32 years, so it's about time to retire. I knew the writing was on the wall after they transferred me to a new group last September and then shut down the project I was working on. It's too bad, as I enjoy working on that project. They said they will still contribute to my 401K in February next year. At least I got my severance pay, unlike the poor guys who got rebadged.

Have there been any changes since the last time?

Is there any one who hasn't received the severance agreement yet? I ask bcos a number of people have received it.

Does anyone know or has heard if there are changes to the severance package this year or recently?

• 16 weeks base salary
• 2 weeks per year worked
• 18 months of healthcare

I haven't heard anything on how they are handling RSUs. I know Cisco accelerated RSU vesting through August. Oracle seems to be the new low in employee severance.

Hearing rumors that some departments won’t see any RIFs, not because things are stable, but because the company supposedly can’t afford severance packages.

Interesting priorities considering there’s still money for multimillion dollar golf sponsorships. Something about that doesn’t add up.

Can someone please put so.e light when will receive the severance money for someone let go in March? I don't understand can't they just have a process or automated update? There is no response even if you write to HR..

I’m still pretty angry, honestly. Looking back on all the BS we’ve been expected to tolerate over the years, shame on me for believing accountability would ever exist at the top.

Remember the data breach? The ELT lied to investors, employees, and regulators. The company spent hundreds of millions in legal fees and hundreds of millions more trying to clean up the mess and get compliant. Did anyone at that level lose their job? Of course not. They still got their bonuses.

Then there was EverFi, a $750M acquisition that eventually turned into roughly a $400M write-down when it was sold off. Another catastrophic decision. Again, nobody in leadership paid any personal price for the failure.

Now we’re watching good people lose their jobs while roles get shifted to India, all while leadership positions themselves for one last payday if the company gets sold. They’ll walk away with tens of millions in compensation after years of bad decisions. The rest of us get 8 weeks severance and COBRA.

At some point you realize employees are just pawns in a game where leadership can fail upward indefinitely while everyone else absorbs the consequences.

Get out while you can.

Amazon will temporarily close its Port St. Lucie fulfillment center. The closure begins September 17 and will last two years for upgrades. This action impacts 850 warehouse employees. Amazon is investing $200 million into the facility renovation. Affected employees will receive severance, benefits, and job search assistance.

Port St. Lucie, Florida

https://www.wpbf.com/article/amazon-fulfillment-center-in-port-st-lucie-to-close-for-2-years-affecting-850-employees/71341940

Anyone knows severance information?

General Motors recently laid off 500 to 600 employees. These job cuts primarily affected information technology roles. Affected employees were largely located in Austin, Texas, and Warren, Michigan. Artificial intelligence played a role in the company's decision. GM offered severance packages and career support to the impacted workers.

Austin

https://www.msn.com/en-us/money/companies/laid-off-gm-employees-tell-of-ominous-email-severance-and-role-of-ai/ar-AA231HLA?cvid=6a0466f468f947e78a1f45a3db8de24d&ocid=hpmsn

As CR stated, 75% of LR will be re-hired where needs are. True or baloney? Everyone getting four months salary with benefits, then COBRA? Exit date set to July 14?

Did team leaders announce send off and good luck meetings? Or a nice kick in rear, and message - have a nice day….

If you are laid off how is severance determined and are you offered a pro rated bonus?

Wondering if it the same as last time.

I just want to see if they made any changes since the last round.

Healthtech unicorn Innovaccer laid off approximately 340 employees. These job cuts occurred across India and the United States. The company is restructuring operations to become "AI-native." This marks Innovaccer's third layoff round in four years. Affected staff will receive severance and transition support.

San Francisco

https://www.peoplematters.in/news/strategic-hr/indian-founded-unicorn-joins-ai-layoff-wave-with-340-job-cuts-across-india-and-us-49780

Are going to be treated as voluntary quitting. Resignation, without severance.

New rule effective July 1st.

Management perception is some employees are gaming the severance system. managers are not pushing deadwood out the door fast enough.

You'll have to offer another round of severance packages to get me to leave.

Milestone Technologies announced layoffs for 50 contractors. The contractors supported Meta’s Eagle Mountain data center. This action follows the end of Milestone's contract. Affected roles include logistics associates and managers. Separations are scheduled to begin on June 28.

Eagle Mountain, Utah

http://www.sltrib.com/news/2026/05/17/milestone-technologies-contractors/

What is the max weeks they paid out? I heard conflicting info. Was it 2 weeks for each year maxed at 40 weeks?

Dont understand "severance"

Its not a gift.

Its called "Severance and release" for a reason. to get it, you need to sign and agreement not to sue and non-disclosure

Maybe someone can upload the pdf, although that violates the NDA lol.

It is technically negotiable, but very few people do.

It is not really severance. its mostly just release (for which you are paid).

Is anyone else struggling with the new leaders in MD Live? It’s toxic and micro management and like I’m not allowed to have an opinion. I’m ready to leave but wish I would be packaged out and offered severance. I tried to bring it up as an option and was dismissed which seems like the current mentality in this area. Anyone else? Or anyone with suggestions? Does anyone know if there will be layoffs?

For those of you in the US who got laid off recently, what kind of severance package did you get? I've heard various things like 2 months + some weeks based on number years (capped) + COBRA (for don't know how long), etc. I'm interested to hear from all of you in the US.

Intuit has limited budget for severance package.

How much does the company pay in severance when there's a separation in employment? Also, do we have to sign a non compete agreement?

I saw the news about cuts today and it got me wondering. Back in 2022 when Cisco let me go, they gave 60 days in lieu pay, another 60 days severance, PTO cashed out, and four months of COBRA. Does anyone know if the packages are still similar now or have they changed over the years? Just curious how it compares.

It might happen... but people are jumping from accounting math to headcount certainty. They said fewer than 4,000 jobs in Q4. They also said notifications start 5-14 and continue globally based on local laws and regulations. OK, makes sense - it su-ks but it makes sense... That alone explains why some costs roll into FY27.

The remaining restructuring charge does not automatically mean another 4K or 5K people in Aug.... It can include severance paid later, benefits, legal and administrative costs, country-specific consultation periods, delayed effective dates, and other restructuring expenses.

Could there be mre cuts later? Sure. This's Cisco afterall. But that is different from saying Aug is confirmed...

Unless someone has an actual internal list, mgr confirmation, country schedule, or filing that says another wave is planned for Aug, the aug number is still speculation... people should stop treating it like a confirmed fact just because the 1B charge is split across Qs.

Can anyone share what it looks like in Canada?

For those who have been terminated, how was the actual severance compared to the initial estimate letter?

In case I’m one of the folks getting laid off, trying to make sure my finances in order. Does anyone know what the severance pay usually is?

I started here not too long ago, and with all the talk about more layoffs, I'm trying to figure out what my situation would be if my name came up. Does anyone know whether people who've been here less than a year typically qualify for severance, or is that something that only kicks in after a certain amount of time?

I'm 63 and was told it had nothing to do with performance, so curious if its worth hiring a lawyer to review the package?

Question for those of you who have been impacted by a layoff recently: I understand that you receive a call/ meeting with HR and you are separated that day. How long after that date did you receive your regular pay (not any severance)? Also, how long did benefits continue, specifically health insurance? Thanks!

but I got surplused two years ago. Just came back to check in to see how things are going with everyone. Sounds about the same. It was rough going out there for awhile. The job market is so bad, I applied to over 1000 jobs and it took me 16 months to land a job and it was an indefinite contract job which I'm still in with hopefully FT soon. While the layoff/unemployment/job search process was a nightmare and really did a number on my mental health, some good did come out of it. We were able to pay off every ounce of our debt with the severance. We found an awesome financial advisor and rolled my pension and 401k over and he's made us a ton of money since then, much more than I would have made where it was sitting. It does su-k not knowing if/when this job could end but I'm making $40k more than I was at AT&T and doing much more interesting and meaningful work than I was. The company I'm at now is a billion dollar global manufacturing company and they have their sh-t together so much better than AT&T, it's like night and day seeing what it's like working somewhere that actually cares about their employees. Best of luck to all of you out there. It was hard to lose my job but ultimately I think it was a good thing for sure.

Team,

Today we announced our Q3 FY26 earnings with record revenue of $15.8 billion, up 12 percent year over year, and double-digit top and bottom-line growth. The ELT and I could not be prouder of the growth you have all delivered for Cisco.

These results are even more impressive given the complex environment we’re operating in - a rapidly changing market, with intensifying competition, and a global shortage of components critical to support our portfolio and the AI buildout from our customers.

The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest. I’m confident Cisco will be one of those winners. This means making hard decisions - about where we invest, how we’re organized, and how our cost structure reflects the opportunity in front of us.

With this, we are making changes today that will result in the reduction of our overall workforce in Q4 by fewer than 4,000 jobs, representing less than 5 percent of our total employee base. Most notifications will begin on May 14 and continue globally in alignment with applicable local laws and regulations. For employees whose roles are impacted, leaders will share details directly - including timing, available resources, support, and benefits in each country. This will include pro-rated payment of FY26 bonuses to impacted employees. We will provide support in finding new opportunities, whether internal or external, through Cisco’s placement services - a program that has seen 75 percent of participants discover their next role. We are also committed to continued personalized learning and will provide one year of access to all Cisco U courses and certifications, covering AI, Security, Networking, and more.

While we are reducing roles in some areas, we are making clear, strategic investments - particularly in silicon, optics, security, and in our employees’ use of AI across the company. These investments are building from a position of strength - and focusing on the technologies and businesses that will accelerate our growth, deliver unmatched innovation to customers and partners, and define our future.

To those leaving Cisco, thank you for your contribution, your dedication, and the mark you have made on this company. We are deeply grateful and are committed to handling this transition with the care, clarity, and respect that defines our culture.

For those who will continue here, we will discuss these changes and answer questions at the Cisco Beat on May 21 at 8 a.m. PT.

We have important, impactful, and consequential work ahead. Your focus, resilience, and leadership are vital to our growth and relevance in FY27 and beyond.

Chuck and the Executive Leadership Team