#severance

Did anybody impacted by layoffs get severance? Was it any good? Would anybody be willing to post what they got?

Alright guys I’ll give y’all a real post. I was an SM in wealth and got laid off today. I know you guys like to hate on SM’s but seems like a lot of us got hit. Meeting was put on my calendar super early this morning as a 1-1 without any context. Been here for 10+ years and for severance I got 6 months, prorated bonus, PTO paid to cash, and shares cashed. My manager was visibly shaken up and was like a robot reading off a script just emotionless and monotone which was very unusual. Was told to take the rest of the day off and don’t bother coming into the office through the end of the month which is my last day.

It su-ks but I was already interviewing elsewhere which I’m stoked about the severance and all the payouts.

For those affected, just know you are not alone and this is just how “at will employment” works. I hope you all bounce back quick and enjoy a little time off to recoup. Or at best find another job and enjoy the dual income.

That just got notified they were laid off would be

On here. Sorry it’s a bunch of lying trolls in the real world they’d be figuring out insurance and severance and contacting family.

I don’t get why there are so many trolls here. Why would someone in their right mind share their name, supervisor, or personal information just to prove whether something is real or not? Why risk jeopardizing their severance or employment situation just to satisfy random people online?

To the trolls, please stop. People’s lives are being impacted here. If these reports are true and people are seriously being affected, I genuinely wish you all the best. No one wants to lose their job.

Squad lead here

Long time fidelity. Got 12 months severance, holidays paid out to cash and prorated bonus.

Was asked to keep it to myself but fu-k that sh-t, I hate how they broke the news so I don't care.

Multiple scrum master in my previous role got impacted as well.

Impacted BU based on what I heard:
Wealth platform, advisory, Asset management, Brokerage Record keeping

Arctic Wolf eliminated approximately 250 jobs in 2026. This affected multiple teams, including sales, product development, and marketing. The cybersecurity vendor is restructuring to invest more in artificial intelligence. This investment focuses on its superintelligence platform and agentic Security Operations Centre. Canadian employees have contacted a law firm regarding severance offers.

https://stlawyers.ca/blog-news/arctic-wolf-layoffs/

The Ottawa Hospital is eliminating approximately 400 positions. These cuts primarily impact nursing staff. The hospital faces significant financial difficulties. Non-unionized employees have legal rights concerning severance pay. Severance entitlements are based on individual situations and common law standards.

Ottawa, Ontario

https://stlawyers.ca/blog-news/ottawa-hospital-layoffs/

McDermott Will & Schulte recently conducted layoffs. The firm separated from a small number of associates. These layoffs occurred across multiple practice areas. The firm stated it is aligning with shifting client needs. Layoffs reportedly extended beyond the New York office.

https://abovethelaw.com/2026/05/newly-merged-top-20-biglaw-firms-growing-pains-include-layoffs/

Anybody actually been successful or know someone first hand who has asked for a layoff and recieved a package?

2 weeks for every year of service.

• Did you receive any severance?
• Or were you asked to resign without severance?
• Were you able to qualify for unemployment (especially if you lived a long distance away, e.g., 100+ miles)?

I was impacted from the last layoffs, never been on unemployment before, how do you file, do you file and add severance package and PTO or do you not include that info reading online you don’t have to add that info in. I know it would not kick in till the 2 month being on the payroll .

How many weeks/months did you receive? Is it beyond the 2 month payroll period?

This leadership under Mike is just moving deck chairs on the titanic!

• expense out (severance)
• expense in (all the new SVP's making millions each from JPM, know nothing about payments, bank software or anything other than consumer and commercial banking.
  Lots of luck, stock price down another 8%, I guess is improvement over the last few quarters with stock down 20-40%.

If anyone is comfortable sharing.

Tenneco will close its Smithville, Tennessee plant by mid-2027. This closure affects 146 employees at the Grizzly Lane facility. Another Tenneco plant on East Broad Street will remain open. The decision is part of global restructuring due to auto industry challenges. Tenneco offers assistance programs, career services, and severance packages.

Smithville, Tennessee

https://www.herald-citizen.com/smithville/news/local/tenneco-plant-closing/article_b3c33697-df06-55bd-80a5-bf1ff00d60dc.html

https://www.miaminewtimes.com/news/i-have-nothing-spirit-employees-turn-to-gofundme-after-mass-layoffs-40546638/

One of my teammates is on one right now, and he knows he’s as good as gone, with nothing to show for it. At least with a layoff, you get severance.

The Q1 2026 results strengthen the case that leadership will keep pushing productivity, automation, AI, severance, consolidation and expense control. The company is not in existential danger based on results but the numbers are weak enough that employees should assume continued restructuring risk. I wouldn't interpret this as a reason to panic yet.

Has anyone got their severance payment or know when we can expect it? Single parent and trying to budget accordingly

As many have heard the finance transformation will affect many of the jobs for the Houston finance team. That being said, are any of you all willing to share past severance agreements/packages that Enbridge has offered during past restructuring or layoffs? How many weeks per service year or minimum weeks? Will the bonus be prorated?

They will refuse to give severance. Will rather just PIP for some lies. Watch out!

Has anyone had experience with using COBRA when severance ends? From what I read, there is a gap between the last official date and getting COBRA information, and you get retroactive coverage once you pay your premium.

Please let me know your experience.
Thanks!

Yes, State Farm su-ks but half of complaining about “woke” and “customers” don’t even know what you’re complaining about. It’s greed at the of the day, they’re trying to make this place as miserable as they legally can to get people to quit without severance or even the voluntary exit offers. RTO su-ks, i don’t care how much you loved your office back in 1980, times have changes and there is literally nothing that we do at home that can’t be done from office (other than wasting hours of our life in traffic and pointless dribble chatter with coworkers), “customers” are the last thing on the executives mind, much less mine, they can read what they sign up for before they complain. Yes, I am actively looking for other places to work and I can’t wait to leave.

This varies by state, but in my state (Ohio) severance pay is deductible income that will reduce unemployment benefits 1:1. Does anyone know if it's possible to negotiate having the severance assigned entirely to the week of separation so that we can begin collecting unemployment right away?

Cognizant intends to reduce its workforce in 2026. The IT services company may eliminate over 4,000 positions globally. This action is tied to its $320 million "Project Leap" restructuring plan. The company is allocating $270 million for employee-related costs. These costs include severance pay for affected workers.

https://stlawyers.ca/blog-news/cognizant-job-cuts-may-2026/

Stanley Black & Decker is closing its New Britain manufacturing plant. Approximately 287 employees will be laid off. The plant produced tape measures no longer in high demand. Layoffs are expected to occur between Monday and May 18. The company offers support including severance and job placement.

New Britain, Connecticut

https://www.wtnh.com/news/connecticut/hartford/hundreds-of-layoffs-to-begin-at-stanley-black-deckers-new-britain-plant/amp/

Looks like I’m done. Severance is as least good still.

Godspeed lake Mary.

They want us to quit? Guess what, you’re stuck with me until you lay me off 🤣

1- Systemic Compensation Stagnation: A complete freeze on base salary increases for the majority of the workforce spanning the last 5–6 years, regardless of inflation or performance.

2- The "Recycled Equity" Strategy: While ICs receive small bonuses, managers and directors are tied to RSUs with 4-year vesting schedules. These serve as a "retention carrot" that disappears instantly upon layoff—allowing the company to claw back earned equity and "recycle" it to lure new hires into the same cycle.

3 - The 2025 Manager Purge (FY26 Q1): A calculated wave of terminations where managers were directed to lay off their own teams, only to be terminated themselves immediately afterward.

4- The 6:00 AM Termination Protocol: Highly impersonal exit procedures, with U.S. and Canadian staff receiving automated emails at dawn, accompanied by severance packages described by employees as "garbage" and "sub-par."

5 - Efficiency Paradox: A relentless "do more with less" mandate enforced through perpetual hiring freezes. Despite corporate messaging, internal AI tools provide minimal functional support to offset the loss of headcount.

6 - The Psychological Toll: A workplace culture defined by "survivor’s guilt" and low morale as remaining teammates are forced to absorb the workloads of their terminated colleagues.

Sunday again and I realize I hate this place even more than I did countless past Sunday's. It's getting worse each and every day, I'm sooo embarrassed to be associated with this place and looking for another job. I will take their money as long as I can but have to leave. If SF didn't have sooo much money in the bank it would have went out of business years ago. I do not believe SF is en a legitimate business anymore. They Executives are so detached for any realm of reality it is mind numbing. Everything they do is some kind of cut rate mind f-ck or woke delusional fantasy. Sad thing is it will get worse! Please offer everyone some type of severance, leave it to the bootlickers, woke crowd and Kool Aid drinkers..... Enough is enough....

• I posted this as a response, but figured it would be more useful to some if it was a standalone thread. *

  Come one, everybody! Don't be so gullible.

  CK didn't say there wouldn't be layoffs in our recent all-hands call, he just said they aren't focusing on that right now. It's an incredibly careful response the comms team has prepared ahead of time for the topic.

• What does 'focus on that right now' even mean? Focus on it later (this month? next month?) He might focus on them next week if the market reacts badly to his strategy?
  P23 and P24 were VERY expensive once you calculate out the VERP and severance packages of thousands of senior skilled colleagues with decades of time at the company. They'll want to find a cheaper approach to 'brushing their teeth' going forward. (Clue: "Our new Performance Management" where we overload you with work, give you impossible targets to hit, then later on use missing them as the reason to fire you for performance reasons with no payout).

• After the morale cratering debale that was how they handled P23 and P24, they'll want a quieter approach to future layoffs. They don't even have to tell you. Just cut a team of 15 here, 25, there, 55 here, 30 there... no need to announce it, and if anyone finds out use the bogus 'location strategy' explanation (you know, the BS one where a team of 30 can get cut because that office is not in their strategy, yet for other colleagues in that same location all is fine).

• The next layoffs will be cheaper and done as sneakily as possible - manufactured performance problems for expensive workers followed by unattainable PIPs, and voila.
  Let's not be gullible. "not focusing on that right now" absolutely DOESN'T mean there will be no layoffs in executive speak, just like "there aren't any plans currently" or "we want to keep our best people". They're empty non-answer phrases that give nothing away.

SAP couldn't give 2 ships about you as a person. Do what's best for you. If that means stay and try to put up with the political drama and backstabbing, good for you - best of luck to you. But if not, don't be blindsided. Tidy up that CV and start paying attention to what's out there. I certainly will be.

Anyone confirm what the package looks like this time?

What are they offering? Months per year of service etc..

Any cap?

Coming soon to an office near you: widespread layoffs dressed up as “performance decisions.” Don’t expect generous severance packages or smooth exits. Companies are increasingly looking for ways to avoid those costs altogether. Instead, they’ll build a case against you.
Return-to-office mandates, shifting performance metrics, evolving skill requirements, incomplete trainings ... Anything &everything can become the justification. The bar will keep moving, and the reasons will keep changing. What used to be acceptable yesterday may suddenly be labeled inadequate tomorrow.

This isn’t always about individual performance and it’s often about reducing headcount while minimizing financial and legal obligations. The strategy is simple: create enough documented “cause” to make departures look justified, even when the real motive is cost-cutting.

In this environment, job security isn’t just about doing your work well. It’s about staying alert to how the rules are being rewritten around you.

It's just a matter of time my friends.

Anyone notice that all the employees who have completed 40 years of service at Citibank are being let go as a long service reward?

Remember to double check/adjust your taxes if the severance package you received will push you beyond what you would have earned this year, or you will run the chance of having a bigger than expected liability at tax time next year.

Hello, so I was Pipped beginning of march from a bad performance review, (4/4/4/3)
And it took them till march to do so. Then I was told they don’t have a notice period for how long

Right now I’m on medical leave, I’m thinking of asking for a separation package? Is this a good move? I plan on framing it very professionally and want to know if since I got such a poor review and a PIP if severance is off the table?

I’m based in Tampa and a AVP