#severance

Lets go plant and installers techs! They need us, let's go! They need us to do all this work, look around you. Thousands laid off. Time to stabilize the remaining workforce.

Immediate Job Protections & Cost Savings

• Severance Packages: Unions negotiate standardized, guaranteed severance pay based on tenure, ensuring departing workers are not left at the mercy of arbitrary corporate policies.
• Health Insurance Extension: Labor contracts often secure extended healthcare coverage for laid-off employees, giving them a vital safety net while searching for new jobs.
• Seniority Protections: Collective bargaining agreements typically enforce a "last in, first out" rule, preventing management from targeting specific employees based on personal bias or higher salary brackets.

Fintech firm Block has initiated another round of job cuts this year, impacting employees across its Cash App and Square divisions. The company cited the use of improved tools for routine tasks and a strategic refocusing of teams on more complex issues. Affected employees will receive separation packages and transition support, mirroring provisions from earlier layoffs. These reductions follow Block's recent announcement of strong third-quarter financial results and an increased full-year outlook. The company continues its drive for operational streamlining and efficiency, with leadership emphasizing the evolving role of AI in business operations.

San Francisco, California

https://www.businessinsider.com/jack-dorsey-block-layoffs-second-round-job-cuts-cash-app-2026-11

Working for Nielsen as a Canadian employee (software engineering) since Oct 2019 and just got let go. Not really a shock to me as the writing was on the wall for North American employees. I definitely did get more than the minimum (which is 2 weeks per year of service under Ontario Employment Standards Act), but I'm just wondering if it's worth being greedy and trying to negotiate even more with a lawyer. I heard that a lot of the time they don't budge, but not sure if things are applied differently Canadian vs American or something

Question for anyone who has received a severance package from Cigna. If you get laid off, get a severance package and find a new job outside of Cigna, does your Cigna severance end once you start a new job or does it continue?

Has anyone received severance pay yet?

We are being offered the voluntary resignation separation program again. It feels like every month we tighten our bu-tholes bc we’re bracing for impact. It’s truly getting exhausting and quite frankly my a-s hurts. I find it funny that they added our e-mails to all the documents so that they don’t get leaked. We all know they let so many people go right after this last year so it obviously doesn’t work. How about with our base pay you also leave us with insurance coverage for a year. It’s not like the plans they offer us cover sh-t anyway. For context I’ve with the company 15 years. It’s getting ridiculously SADDD

Amazon is implementing a new round of layoffs affecting management positions. A total of ninety-five jobs will be eliminated across various locations. Two of these positions are located in Pasco. Employees were notified in early September and will depart by early December or late January. The company is offering severance and other support to affected workers.

Pasco, Washington

https://www.tricitiesbusinessnews.com/articles/amazon-layoffs-affect-pasco-operations

I have been officially notified today. Had to return my laptop and my badge and leave for the day. The severance package was in accordance to the law of your country. Compared to the last layoff , this package is way lower than the previous one. Good luck everyone

Thirty years at Pepsi, slightly more. My background is limited to beverages, which has shaped my entire life. Normally my boss shares details, but this time there is silence. Two colleagues heard news at the bar, suggesting my turn may be coming. My only realistic choice seems to be Red Bull or a comparable brand, since the national role selling to my customer is open. I am seeking advice from those who moved elsewhere or once occupied my position. I do not want to forfeit severance if offered, and I am unsure what else I might pursue. Perhaps I should wait for a Celsius opening. Please advise.

I have had over 20 tech related jobs over 30 years in tech related positions including FTE, contract and consulting since 1998. I have worked in 2 major tech hubs, worked for startups, small, mid, large and international corporations over the years. I have also had multiple other positions I voluntarily left for other positions, volunteered for layoffs, been laid off when I was on STD and after my partner had a massive stroke. I've been through almost all scenarios that are possible.

This is my second time with Cigna. I was contract between 2020 to 2021 and FTE from 2021 to the 2022 layoffs. I was rehired as a contractor in 2024 and converted again in 2026. I have had a career spanning almost 30 years and have been laid off or have had my contract ended over 20 times. I've learned many things over 30 years

First of all, no one is safe. It doesn't matter if you're the SME in your team. It doesn't matter if letting you go severely impacts your team. Sometimes it's personal, meaning that a group that has been working together over a long period of time will protect each other and find new positions within the company well before everyone else is even aware that job eliminations are happening.

No one should EVER assume you are safe. You should aways have an updated resume, a portfolio of work and a plan in place just in case a recession is happening. Make a plan to upgrade your skills if it's needed via unemployment services. Gather the documents you need to prove you need an upgrade. That will keep you in unemployment benefits well past when they lapse and will frequently pay for your tuition and school expenses. I rode out the 2008 great recession that way. I've also found that LinkedIn seems to work best. Nearly all my.positions came vis LinkedIn. Unfortunately, it only works if you're willing to have a paid account.

I do not recommend doing a profile picture (especially if you're disabled, an older woman, fat, etc. A esume with changes designed to obscure your age for the mature crowd especially. For women, change your profile name to something that screeners cannot use to guess your gender. When I adopted this approach back in 2019, my applications, LinkedIn mail or other approach landed me zero interviews for 9 months. After I instituted those changed, I had HR folks seeking me out and replies to jobs I applied for.

Do not count on receiving severance. Out of 20+ positions, Cigna is the only job I have ever had that paid out more than 6 weeks. Most do a month or nothing.

Immediately file for unemployment and fight it if you're denied. Many states will find for you if you have to appeal. I know this because I've lived in multiple states and had to file appeals. I've never lost one. In many states you can collect unemployment benefits and severance, even if you voluntarily took a retirement package. Fighting costs you nothing but some time and a bit of effort.

Spoke to many. If severance changes, that would be a new low for corporate. From what was gathered, the old saying goes, for every action there is a reaction. Overall thoughts of the query: probably wise to keep status quo with the policy. Teetering on rogue.

I wouldn't quit now for anything. We know more layoffs are coming, and it'll be big. Quitting now is like leaving money on the table. Why are so many doing it?

I'm hearing this sentiment more and more, and I wonder how many here feel the same way.

I see this will be offered again in certain areas. For those of you have heard of it, is this a pro or con?

Term date 2/1

Same offers as 2025.

UHC O&E

It says workday. But I don’t see anything in workday. I already passed notice period and on severance period.

Want to reduce LRs? Just promote terrible VPs who drive everyone to quit. It has to be the reason Cisco promotes people who are utterly clueless and have no track record of success to VP positions. The vile VP then lords over everyone, drunk on power, grinding the workforce into the ground. No severance required when people quit voluntarily. Genius.

Retailer Target is eliminating 1,800 corporate positions as part of a restructuring effort. These cuts will disproportionately affect management roles. The company stated the changes are intended to increase agility and speed up decision-making, not solely for cost savings. Employees impacted will receive pay, benefits, and severance packages. This move comes as Target navigates sales challenges and a CEO transition.

https://abcnews.com/US/target-announces-plan-eliminate-1800-corporate-jobs/story?id=126818365

Canva is undergoing a significant restructure, impacting 1,271 employees as the company aims to "refound" itself for future growth. This decision comes after a period of slowed revenue growth and investor markdowns on the company's valuation. Founder Melanie Perkins described the past year as the company's "hardest yet," necessitating these changes to foster agility. The company is also shifting its work policy, making Sydney a key product center and requiring more in-office days. Departing employees will receive substantial severance packages and support for future ventures.

Sydney, Australia

https://www.forbes.com.au/news/innovation/canva-layoffs-impact-1200-employees/

I got laid off last week, like most of my team. I was 100% remote and don't have a hub or big office or anything (other than branch stores) anywhere near me. How do I return my equipment? None of the paperwork or emails I've received have said anything about it. I'd call my former boss, but she also got laid off! I don't have the contact info for her former boss, and who knows if he's still around since our entire hierarchy was restructured. I know if I just keep everything it can cause me to lose severance, but they gave me no guidance!

Is that a possibility?

I'm not sure how I'd deal with that. That's my main driver in saying yes.

This is likely just for UHG but hopefully optum as well. Many would take it.

Can employees who accepted the VSP but are still around (separation date hasn’t happened yet) get it reversed and get a new job at Centene, with “executive approval?” The agreement I saw and signed said nothing of this kind of loophole

Here we go. Forced attrition to avoid severance packages right before the holiday
Go Evernorth. Bravo.

Does anyone know why there are different end dates? Some are already gone, most seem to be 12/31 and a few are 1/29. Has anyone been offered a retirement package? I am still waiting for my call from
hr.

Does anyone know how true it is that we have to be in office 4 days a week in order to receive our severance?

Nothing would make me happier at this point than being paid by them to leave. Give me the money and I'll be on my way. Hopefully to a less toxic, better run company than this place.

Does anyone know what the odds are that the current severance package would be updated (lowered or removed completely) prior to the upcoming early 2027 layoffs?

Does anyone know if you are still eligible for march bonus payout as part of severance package for last bonus payout of 2026 as it was for the entire 2026 Year?

How does severance usually break down between an IC and a leadership role?

Also, are packages trending differently this year compared to the past, and what is the actual calculation used behind the scenes?

Drop your insights!

Another poster mentioned, in another thread, that Comcast NBCU may try to reduce headcount through the annual performance review process.

I’m concerned this is happening to me. Last year, I got a glowing year-end review from my manager but my mid-year review was mediocre.

Has anyone gone through this? Is there anything I can do to protect myself? Would I be eligible for severance, if I were managed out? What would come next (a PIP)?

I would have never joined this company, if I knew this is how they treated employees. I’ve never received a bad review in my professional career and am overqualified for my role (my boss is insecure). I made the mistake of taking this job over another offer.

Website builder Squarespace is reducing its workforce by 19 percent, impacting approximately 300 employees. This decision is part of an effort to simplify operations and sharpen company priorities. The company stated these changes are intended to position Squarespace for future growth. Affected employees will receive 16 weeks of pay and continued healthcare benefits. These layoffs follow Squarespace's recent AI integration and acquisition by Permira.

https://www.theverge.com/tech/1024447/squarespace-layoffs-19-percent

A significant majority of American business leaders anticipate workforce reductions within the next year. This trend is driven by the integration of AI technologies and a focus on operational efficiencies. The outlook for layoffs is particularly strong among CEOs, with a notable increase in HR leaders sharing this concern. Furthermore, financial executives are increasingly involved in outplacement decisions. Severance packages are also becoming less generous as companies prepare for these changes.

http://www.staffingindustry.com/news/global-daily-news/72-of-us-business-leaders-foresee-layoffs-in-next-year

If you take the package but put in for LTD when you filled out your medical for 2027 how does that work? Would you be eligible while you are being paid out if something happens or will the company stop that benefit.

For those who got surplussed after moving to a hub, do you get severance offered again?

What the fu-k is this… why you guys (c-level fols) make the most majority of employees go thru such a horrible vibe.

Notify victims on the day of announcement for the plan of layoff.

Are you giving victims time to prepare? Shut up… you guys can provide additional 1month payment if you guys are taking care of them so much.

You guys are just playing, messing with victims, to take advantage of this sh---y event to make you look little bit more responsible on the earning call.

You don’t even deserve this curse, you guys.

I’m done. I’ll find better employers even if I’ll survive. What a horrible company to work for.

I don't have a job lined up exactly, but let's just say there's a high probability I wouldn't be unemployed for more than a month. Is there a way to hint to my manager I'd be happy to take a package? What's the worst thing that could happen?