#severance

Severance for the July lay off just hit! I can oficially say I'm done with this place. Good luck to everyone still there! With the likes of Rebecca Grattan and all the other incompetent leaders you are going to need it.

UVM Health is implementing another round of job cuts to address a significant budget deficit. The healthcare network plans to eliminate or restructure 199 positions across its Vermont and New York facilities. These changes are projected to save approximately $16.8 million annually. This action follows previous workforce reductions and is part of a broader effort to achieve financial stability. Affected employees will receive support during a transition period, including severance benefits if new roles are not secured.

Plattsburgh, New York

https://www.northcountrypublicradio.org/news/story/53962/20260916/uvm-health-announces-another-round-of-layoffs

Me and my entire team are now hoping to be cut. Severance sounds great in face of continued toxic culture and constant uncertainty.

I thought it would be the same, but looks like I was very much wrong.

I hope people impacted by the September layoffs are doing okay and will be back on their feet soon.

If you were one of them, what severance pay did the HR offer you?

So I'm over the 7 day wait period. Does anyone know if there is any notification after that or do we hurry up and wait?

Two Centenes showed up today.

At Deutsche Bank, the investor story was margin recovery: fewer Medicaid members, a major Florida contract exit, Medicare Advantage still working toward break-even, and hundreds of millions in severance, contract-exit, and third-party “optimization” costs excluded from adjusted SG&A.

Then Centene’s Chief Health Officer posted about a fellowship built around challenging assumptions, cross-sector partnership, affordability, access, and improving outcomes for the communities Centene serves.

Neither message is false. That is what makes the split-screen so effective.

One audience gets the carefully curated story of what can be shed, repriced, exited, or adjusted to make the numbers work. The other gets the mission story about what healthcare should become.

At Centene, “challenging assumptions” appears to mean asking everyone except leadership to accept theirs.

Centene gave the Deutsche Bank crowd a perfectly respectable update today: guidance holds, Q3 trends look like Q2, Medicaid margins are positive, and the turnaround is on track. All true.

But it was also a remarkably selective story.

The same update includes Medicaid membership falling about 9% this year; management estimating 25%–40% of expansion members could eventually become ineligible under work requirements; a Florida behavioral-health exit worth roughly $1.5 billion in revenue per quarter; and Medicare Advantage aiming for growth break-even or better in 2027. The remaining Medicaid population gets sicker as less-expensive members fall away, so the whole thing depends on rates arriving on time, medical-trend initiatives working, and states doing what they are supposed to do. They said as much. “Blocking and tackling” is executive-speak for there is no margin for another miss.

Then there is the scorecard. Centene’s adjusted SG&A excludes $355M–$405M in severance and contract-exit costs, plus $85M–$115M in third-party “optimization” costs. That does not make the recovery fake. It does make the victory lap awfully curated. The cost of making the company smaller is real, even when it is parked below the adjusted line.

So no, this is not really a growth story. It is a margin-recovery story built around fewer members, fewer contracts, fewer internal costs, more repricing, and a much narrower definition of success. Wall Street may love it. It may even work. But at some point, somebody should ask what is left after every non-profitable thing has been exited, every role has been optimized, and the members who remain cost more to serve.

At Deutsche Bank, Centene’s C-suite did not explain the turnaround. They curated the acceptable nouns: fewer members became “attrition,” contract exits became “discipline,” and the cost of putting people and vendors through “optimization” became an adjustment.

Remember “Candid conversations with care?” It would appear that was just another platitude.

It is a very polished story. It is not the whole one. Cute is not the same as candid.

I'm one of the folks who will lose their job in 90 days. I'm in Merchant Solutions in Credit Risk. Bunch of folks got hit in Risk Monitoring, Underwriting and HRHV.

We got asked to be in a meeting at 3pm with Tony O (he's below Lyndon). We were told that our jobs are being transferred to offshore because of a) want 18 hours of coverage and b) for lower pay. We're losing our jobs to to India. What bullsh-t.

We are getting severance, however they had the audacity to tell us that we cannot use too much PTO or our 15 days of WFH. I asked if we're getting unused PTO in our severance and was told "it's on a case by case basis"

Who else is impacted today?

I was laid off from FIS after 28 years. My severance pkg includes 52 weeks of severance paid bimonthly as if I were still employed. My first deposit was due yesterday. I did not receive it and still haven’t I have tried repeatedly to call The People Office number but their voicemail is full so I cannot leave a message. I have tried repeatedly reaching out via email. Again absolutely no response. I have reached out to upper management. Again no response. Do I need to fly to Jacksonville to get any response? This so wrong and so typical of their executive people. Stupidly I honestly trusted them to at least pay me on time.

Oracle has conducted consecutive layoffs blindly for stabilizing itself against the blind decision it took for AI data center. The severance, health benefits offered to laidoff candidates are very below to industry standards just covering the basics.
With Oracle resume its getting hard to search jobs in current market. The first question you get is are you impacted. once I said yes, they don't even think how skilled I am to come out but just treated me so negatively.
It hurts. I am marching forward taking it easy.
But its NOT OK. the health care support from Oracle is bad, salary is bad, severence is bad. its too much to tolerate.

If you were laid off and are a private side employee, how can you submit pre clearance requests for selling stocks? My access will be shutdown after Friday. I know others have brought this up before on here so don’t need to hear cr-p about posting a topic again. There are too many posts and didnt see any when I scrolled.

I don’t want to lose my severance because I didn’t follow protocol. Not sure if that they would hold it back but I can’t afford to give up that money.

I am part of the Splunk organization and our team has been handed over to the most toxic manager I have had in my entire working career. We couldn't tell if they were exceptionally stupid or if this was a strategy to get our entire team to quit without severance. On the .Conf floor, I learned there are other teams facing the same situation with their management. We've already had two folks quit that I have worked with for 10+ years. Did John Morgan instruct his management teams to find ways to get us all to quit so they don't have to pay out, or is the company culture to just hire trash directors now? Wondering how many other people are facing this.

Who are the best Lawyers to use for Calgary layoffs?

Any lawyers who have a good track record with Enbridge?

I was due my first severance pay after my layoff today. I did not receive it. I check with some other employees who were laid off and some did and some didn’t. I don’t know why I thought it would work smoothly. Nothing about FIS runs smoothly.

Conifer Health Solutions is laying off 1,037 employees. This action is due to a company restructuring. The layoffs are also related to ending services for CommonSpirit Health. Affected employees will be permanently separated on November 2. Most of these workers are remote but report to a Dallas office.

Dallas, Texas

https://finance.yahoo.com/healthcare/articles/more-1-000-workers-face-163814134.html

Curious, if anyone in the 65+ demo has ever tried to either negotiate severance or Sue for discrimination?

The end of my displacement period is after September 30. As I understand it, I am "eligible" for my bonus. There is nothing in the severance agreement regarding bonuses and I'm told I need to discuss any potential bonus with my manager. Ideally, this information would be in the agreement I'm signing. I'm wondering if anyone has received a bonus in a situation like this or if anyone knows if WF is open to changing the agreement.

How many weeks of pay?
How may weeks of Cobra?

Canadian Imperial Bank of Commerce has initiated nationwide layoffs impacting its contact center employees. The affected staff were notified last week through individual meetings, with many expressing surprise at the sudden job cuts. Reports suggest that up to 40 percent of contact center positions across the country may be eliminated. These reductions are reportedly part of a business restructuring effort that includes outsourcing operations to other countries. Severance packages will be provided to laid-off workers based on their tenure with the bank.

Halifax, Nova Scotia

https://www.saltwire.com/nova-scotia/halifax/cibcs-halifax-contact-centre-workers-shocked-by-layoff-notices

Oracle is providing laid-off US employees with four weeks of severance pay. This includes an additional week for every year of service. Previous reports indicated a maximum severance cap of 26 weeks. This package appears less generous than those offered by other major tech companies. The company recently initiated another round of workforce reductions.

Redwood City, California

https://www.businessinsider.com/oracle-severance-package-us-employees-2026-9

"Oracle's severance package appears less generous than those offered by its Big Tech peers."

Even the media is picking up on this.

I’m currently on approved medical leave and still an employee, but my employment is ending in October 2026.
Since Wells Fargo pays the 401(k) match as a lump sum at year-end and usually requires you to be employed on December 15:
Will an October termination forfeit my entire 2026 match?
Are there exceptions to the Dec 15 rule for medical leave or involuntary termination/severance?
Has anyone in a similar situation received a prorated payout or offset?
Thanks for any insights!

US Layoffs Roundup (9/14/2026)

• Oracle - began another round of layoffs on September 14 as part of what affected employees were told was a broader organizational change. Some teams are reportedly seeing double-digit percentage reductions. Oracle also increased expected costs for its 2026 restructuring plan by another $700 million, bringing the total to approximately $2.8 billion.

• United Air Temp - the private-equity-backed HVAC and plumbing contractor in Lorton, Virginia is planning a mass layoff affecting nearly 100 employees, with the job losses expected in November.

• Fiserv Solutions - filed a new New Jersey layoff notice affecting 98 workers. The latest reduction pushes reported New Jersey layoffs at the financial technology company above 200.

• Arkansas Department of Health - plans to eliminate 38 filled positions in November. Another 33 vacant positions will not be refilled.

• KO_OP - the worker-run game studio behind Goodbye Volcano High and Young Suns confirmed layoffs affecting 13 roles.

• McClatchy - additional reporting confirms that more than 90 journalists and other media workers were eliminated across 17 publications.

• Miami Herald / El Nuevo Herald - additional reporting puts the newsroom reductions at 28 jobs eliminated with another four positions frozen. Longtime Miami Herald sports columnist Greg Cote was among those laid off after 54 years with the newspaper.

• Conifer / Tenet - follow-up reporting says more than 1,000 workers are being laid off after CommonSpirit ended its service contract early and exited its stake in the Tenet-owned revenue-cycle company.

• CLYNK - confirmed it is closing its bottle and can processing facility in Biddeford, Maine, resulting in layoffs affecting 54 employees.

• Apple - follow-up reporting says approximately 100 employees working on Vision Pro-related efforts were laid off in reductions originally reported near the end of August. This is not a new September layoff announcement.

• Blizzard - new reporting discusses employees facing layoffs despite the company recently reaching a union contract and announcing games at BlizzCon. The alert does not provide a new layoff count.

• Polyarc Games - reporting says the Moss developer shut down, affecting 29 employees.

• Howard Stern Show - follow-up coverage references previously reported mass staff layoffs surrounding major changes to the show. No new layoff count or new round was identified in today's reports.

#Layoffs #Cuts #WARN #Restructuring #Severance

Is anyone optimistic that we will see the severance pay on the 25th? For those who accepted on the 4th? The seven day revocation period has ended if you submitted on that date and the 25th would be the next pay period… or do you guys think it will be later. I know it said 1-2 pay period but it also said as quickly as possible. Just curious.

I did not see the email of the RIf until about 8 hours later EST when I was able to access my work email just one last time, and there was an email sent at 6:01 AM. There, in that email, there is a link that you click to verify your personal email address along with your name and work email.

After that, I was not able to connect to work email. So if you haven't tried to reconnect into your work email, try again and you will see an email that says: Immediate Action Required.

The assumptioin is you will get documentation for severance and anything else in the coming weeks. I heard within 2 weeks give or take if not sooner.

HR sent an email out to people whose DFS job code doesn’t match a CapOne job code. Basically saying we need to apply to open reqs since our roles will be eliminated before the end of the DFS integration in Q2. It’s crazy because I’ve been working on the CapOne side for almost a year and they won’t just convert me. Another tactic they are using to get people to leave so they don’t have to pay severance.

Is it true?

Can somebody please either share or tell me where I can find company severance info? I'd just like to know what to expect in case of layoffs.

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?