#severance

The combined total of 75,000 full time employees with 50,000 at c1 and 25,000 at discover will lead to a 20% quota of employees to be fired in stack rankings, a total of 15,000 employees out in PIPs for termination with low or no severance.

I was told this by manager/PDR on the way out. Hoping it's true.

For anyone who’s been let go, did your final paycheck and accrued PTO come in as one deposit or two separate ones? Just trying to get an idea for planning.

Thanks in advance.

Now they've graduated to firing people and forcing everybody out without severance by creating a toxic atmosphere that nobody with any options wants to stick around for. Those who were laid off with severance were among the lucky ones, if you ask me.

Everyone needs to remember that severance pay is a gift, not a right. There's no law that forces a company to offer it when they let you go. If you're at Fidelity and waiting for a buyout package, you're gambling. You could end up in a crowded job market with no savings to help you transition. The smart move is to start your job search now, while you're still employed. Don't wait for a promise they're not obligated to keep.

Received final paycheck as non-working employee on 12/26 that also included unpaid PTO. When will the first severance pay date be in 2026? Will it be on 1/2 or 1/16?

Does anyone know when we will get our severance?

Is it a flat amount, or does it depend on years of service and grade level?

I can no longer access the Severance Portal from my personal computer following my last day worked (it worked prior to 12/19). It also won’t let me reset my password. I sent an email to the address I located with no response as of yet. We’re supposed to have access to it for 6 months. Is anyone else who was impacted also experiencing this? If so, any tips on how to get access again?

From Verizon or anywhere else. What happens if you get a job right away, can you work at another place and still get your severance? On the opposite end of the spectrum, if the severance you got runs out before you are able to find another job, are you allowed to apply for unemployment?

I am trying to sign and it says invalid agreement id. How do i go about it? I thought we had 45 days from last day on payroll.

Are you able to work during severance?... And bonus question can you receive severance and state unemployment at the same time ?

This is coming from your friends across the highway in Deerfield (for now) at Essendant. Sycamore will destroy Walgreens and it will be torture before death. Watch out for yourself, try to get out, don't wait around for things to get better or any claims of severance payouts or bonuses. If not be ready for that day to happen at any moment. Don't get comfortable. This is just the beginning, they are not out for the best interests of the company or employees but rather their assets and any money they can su-k away. For a little context, at Essendant, they bought in their own management to play the game from the top. You have them now. First they need to get rid of employees so they would try to make people quit, RTO, unachievable goals, confusing business model/plans. Then they would change the severance policy, usually days before the layoffs and reduce it every time until there's nothing left. They will start selling off anything they can, in our case the core of the business, the warehouses, and business units they could get money for they sold. They sold off the core of the business, and all that remains is the empty shell of what once was a fortune 500 company. Always with the narrative it was low performing or best for the business. The top people will leave, they will torture anyone willing to stay on because they know they are desperate until the end. It might not have been great before, but it's surely not going to get any better. Also, it appears we will be abandoning Deerfield at the end of 2025 (in days), leaving the lease for the HQ building, with no plans on what will happen next. Bankruptcy maybe? Our parent company Staples is just holding on as well, and Quill also nearby saw their whole company be destroyed. All the other Sycamore holdings are also just barely existing just to keep those assets on a balance sheet so they can convince investors to move onto the next victim. Walgreens is and will be nothing more than a cash grab and a way to pad their holdings. There is no long term strategy, no business plan, and everything will just be scam. Just look at the partnerships with Amazon for their other businesses. It's all a distraction, and minor income, distracting from what is really happening. Wish you well and in closing, please care for yourself, find something else, f*** the PE.

I keep seeing posts from people saying they can’t land a job, and I’m confused. So many who have been laid off seem to refuse anything that doesn’t feel perfect or exactly their level. How do you manage to be so picky if there’s no paycheck coming in? Do you think severance will last forever?

ever since covid ive been doing the /r/overemployed thing but with target being j1 bc of health insurance since the layoffs in october my manager has been on my behind nonstop expecting more and more work to be done im slowly detaching from my role and pushing back sayin things like itll get done when it gets done i kinda want to get laid off on the next round and get severance but who knows when thatll be until then im gonna keep coasting and attend meetings i am required in and skip the ones im not and just have the mouse jiggler running do the IT computer ppl have anyway to tell that im not really doing anything for most of the day?

again just want to survive until next layoff with severance by doin bare minimum and cashin checs

No more hiding and evading RTO. The policy is the policy for one and all. Firstnet or Fiber, 5G or Gwiz, time to move has come and gone as all will be on Friday 1/16. The exceptions and favoritism end in Cohen and Leggs orgs so bye bye teachers pets who join the breadlines like the rest of us. The smug untouchables now lose their favored nation status and will get a reduced severance down to four months. A few have already been given a heads up. Other’s will get notified next week before the official notice comes. Sad but central plains and midwest are not hubs and people have had years to move and they did t. Not fair and now pet status ends.

A recently displaced HR manager at HY told me in a 1:1 that CS no longer wants to continue paying severance. Instead, he has instructed his directs to relay to all managers to rely heavily on performance reviews to justify terminations. He also mentioned that there is a plan to cut 30,000 employees in 2026.

Long story short, Rif'd 10/30 with last day 11/13. Signed and email severance agreement 11/14 and received response 7 minutes later saying they received the agreement and are reviewing it.

Fast forward today, call the hotline and they said they didnt receive and are opening a case with People Team.

Anyone else go through this ringer?

When does Wells Fargo pay out unused PTO for those who were laid off and their severance period ends today?

How long does it take to get the actual severance payout, once you accept the agreement? I was RIF'd in September, received and signed the agreement at the beginning of December but there's no information on when to expect the payout

The goal to let people go is a different feel now they will look for every little reason to fire someone and to make sure the severance cost plummets so make sure you hit your goals office expectations etc yes I know this is old news but it isn’t because it is a real goal so look for more firings in 2026

I didn’t see anything here in CA, but all the posts last week were so certain of mass layoffs. I would have expected to see some posts sharing their severance details

When an employee hits the report I get for being in the office for 7hrs and 15 mins, it’s time to be worried. They obviously don’t want to pay severance in 2026. Sorry to be the bearer of this news but watch yourself, it’s about to get turbulent

Are we suppose to get a final pay check for the last month we worked for Nov 20- Dec 20 and then our severance 3 weeks later (End of January) ?

So apparently the top 4 execs have received extensions of compensation agreements that would pay them through 2029 in the event of separation or acquisition, yet everybody else is being offered what? Three Months? Nothing to see here, move on. Remember we're an *All Weather Team". https://www.tipranks.com/news/company-announcements/cdw-expands-credit-facility-and-renews-executive-protections

First, I asked my supervisor and HR and no clear answer so I am asking here as many of you got severance. Does the payment come on normal pay cycle (6th, 21st), I was surplused in November and no check yet, I got denied unemployment because Company listed I got severance but nothing yet, bad time of year to have no pay, severance would help, job searching tough. Appreciate any input

We should receive our severance payout in a few weeks. I’ll pay off a few bills and horde the rest. You?

In contemplating my future after being laid off from EJ, relying on a small severance and my depleting savings, I can see how people do something to go to prison. They will have shelter, food, daily exercise, health insurance, no utility or car payments and, I can study for a degree - even a law degree - without incurring any debt. Maybe not a bad gig....I'll have PP and DC to thank for this opportunity!

In a comment on a post of November 20th "Layoffs started in Toronto office...", somebody wrote that they were informed on November 18th about the termination on January 23rd, and that the package was "not like old times". Any information on the new terms of the package?

I was ISP’d at the end of August as part of ER. If you’re one of us have you received your severance payment? I have not and have emailed HR Help three times and have not heard back from them.

Yes, I’m that old. And it hasn’t been fun going through all the stages of things falling apart, only to reach a point where I can’t wait to cut ties. I hope that during the next wave someone notices that I’m over 50, therefore a zombie by current corporate standards, and finally puts me out of my misery. I’m not leaving without severance. I’ve earned it many times over the years.

I asked HR some detailed questions about how WARN was applied for hybrid employees. They said remote locations didn’t meet the threshold, so they only provided 30 vs 60 days. I didn’t agree with how they explained it, but that was their final position. One thing I’d say is if you’re affected in a future RIF, don’t rush to sign anything. Ask how your work site was defined and how employees were counted, especially if you’re hybrid or remote. The lawyers do this by design. Severance is structured to neutralize WARN leverage. The release explicitly waives WARN and that’s intentional. If you’re hybrid or remote, WARN isn’t just about where you sit it’s about where you’re managed, assigned and counted.

Don’t you feel electrified by this message of Robin love? Is anyone really going to come out of this totally refreshed and ready? Do tell please.
I for one, don’t see any rest or recharge. I am going to be handholding offshore and dealing with direct client issues. I welcome being let go as long as I get full severence. And that isn’t likely. I think veterans of this place are going to be jipped on this. My manager even told me the aboves are looking to limit or stop payouts on more than 50% of those people targeted.

Anyone else experiencing the delays in receiving the equipment return kit? I was told it would not impact the severance if I'm unable to return the equipment until early January. My last day is today.

Some received emails that today will be their last day, no severance.....

Does ford rehire after being laid off? I signed a severance agreement which mentioned a no rehire clause. Is there a time limit? Or is it a permanent ban in the system?

Heard layoff in Bangalore which happened in NOV was targeted NS and particular org???? Same people under the org in US also were impacted.. but severance was decent itseems.. any idea if it's true????