#severance

“Laid” off as part of a small wave of layoffs has n 2025.
Usual pattern:
layoff 20 +/- employees to avoid WARN notice requirements.
80% of employees “laid off” are over 40
Require employees to sign Separation and Release agreement to receive pay for accrued vacation and a not so generous severance of 2 weeks thus avoiding EEOC reporting.
Wait for review period of separation and release to expire.
Advertise same position and hire a younger employee to fill position.
Rinse and repeat.

Has anyone who was forced out due to RTO found an attorney willing to pursue severance claims against BNY? If so, could you share their name?

I heard they cut some of the fat cats at the top of the hierarchy. They are making them reapply for their positions while also providing severance pay? I haven't noticed any of those positions listed either internally or externally. From what I hear, they covet fresh ideas and are looking for external applicants for those positions.

Did they just decide they can manage without the higher salaries at the top? I worked near one of them, and they always seemed to be doing nothing at all, they are from the Maryland area. They complained half the time about their direct report and the other half just looked busy and left early often. I know WIM sales is very heavy with people making too much. Is this a sign of the future? Cut from the top and move down instead of the usual cut from the bottom and gradually move up?

So my off payroll date is December 19, but reading the severance agreement and FAQ it looks like I have 45 days to sign the agreement, which means I could sign it in January 2026. So on a cash basis I would think this means the severance payment would be for my 2026 tax year and keep me in a lower tax bracket.

Has anyone else considered this approach? Would any benefit or payments be given up by delaying like this or is the only real drawback just a delay in receiving the severance payment?

Can you take a short term temp/contract job and still receive the warn severance? Would it cancel it out?

curious if TF gives severance and for how many months

What the f Wellsfargo? I have been working here since 2007! Is it how you treat your employees now? FU!

I’ll get the ball rolling : 300 from non mfg and 200 from mfg axed.
Package not bad 25 mths but company can pull the plug anytime up to your departure date and have you stay.

Ok start gibbering !

Teradata just rolled out a voluntary separation program.

given we have lifted the asset cap and are extremely profitable, one would think this years comp would be one of the best in a while, but from what I hear it's going to be one of the worst. Guess they need more money for severance and stock buy backs.

So, now that the limitations have been lifted, now that we've started minting money, would it be possible for the execs to stop playing games with us and just pay severance pay for the roles they no longer need? They may as well stop to overwork us, make us work insane hours, play games and give us fake write ups just to make us quit. Sooo.... Pay severance and let's part ways.

Yep. And it was a significant one too. Like almost a year's worth. Why? Because the Atty's reviewing the documents and the facts of the severance.....said nope! Way more $$ by fighting it out. Turns out, there is a line of business which has been doing "funny business" as it were. And soon, the truth will be coming out.
For my friend's sake, I sure do hope so. That was a brave act, IMHO.

Made a mistake not opting for VSP last year… now I am stuck with 25 years and not getting riffed… if they don’t offer VSP soon, I may be forced to just resign with no severance package… call me lucky or privileged, but am looking for suggestions

You’re seeing more and more AEs talking about PIPs on the rise. Not because performance suddenly tanked, but because targets quietly drifted into fantasy-land and Dell doesn’t want to pay severance.

After years of top performance and multiple company awards, being labeled a ‘low performer’ during a severance call was surprising and discouraging. The lack of appreciation, combined with sudden goal increases and new write-up policies tied to severance eligibility, made the process feel more like pressure than professionalism.

I have sent in my paperwork. There is no phone number to call. Email to alumni@xerox.com goes unanswered.
Can anyone assist.

Asking for a friend. What would be their response?

AI promises were made that it’d save TONS of $ and it has not. Now is the time to pay the piper and there are shareholder expectations to be met. They are expecting lots of cheddar on the promises made. So, you have to recoup that money from somewhere.
Lay people off + a reduction in force by way of attrition. Turn up the heat, pile on the work and watch people leave which is a big win so that you don’t have to pay out severance.

The best part that is that Jane still gets her extra 20+ million $ bonus….again. As far as Citi upper echelon is concerned, all is right with the world.

they are silently reducing people and giving out severance packages already. More to come. Before you ask me how I know. Go to your outlook and lookup “usrifsupport@thomsonreuters.com”. Then ask me again how I know and why I would be d-mb enough to tell you all. Not fear mongering but all I’m saying is just apply and keep your resume updated just in case because this isn’t TR specific and all organizations are downsizing due to AI.

What do we think the size of the pre Christmas layoffs will be ? It seems like the top ones are early in the year and mid year , or have they also hit it hard before Christmas to avoid paying the match ?

Anyone find anything interesting in the OWBPA document for their groups in the severance portal? I was surprised to see how many people in my group were affected and the band levels

here is as i preserved it:

Original post: Layoffs started today, targeting work from home employees.
Posted 25 days ago.

Replies:

• Someone with a manager friend said no employees were cut in India and the India office is actually expanding.
  (16 days ago)

A user noted that something mentioned earlier has been in place since September.
(20 days ago)

Several people expressed sympathy for those laid off and asked about severance amounts.
(20 days ago)

A worker warned that company laptops have tracking software logging keystrokes, emails, and online time, and that data is sent to HR.
(20 days ago)

Another person shared a link to a post on X.
(20 days ago)

Layoffs reportedly began in Dublin as well.
(21 days ago)

Someone questioned why another user thought Canada would be next.
(21 days ago)

A commenter said that unless you worked more than 5 years, you did not receive 60 days of severance.
(22 days ago)

One employee from Delivery said they were let go a week after starting maternity leave.
(22 days ago)

A commenter suggested people start job searching or take early retirement. They said no WARN notices were issued to avoid media coverage.
(23 days ago)

Another said that everyone’s computer now has Sapience monitoring software and that you should always appear productive to avoid being cut.
(23 days ago)

One aggressive user responded rudely to others, which was downvoted heavily.
(23 days ago)

A user called the CEO a puppet controlled by Clearlake Capital and compared him to Elon Musk.
(23 days ago)

Another user angrily rejected mandatory cameras and status reports.
(23 days ago)

Someone reported that Product and Sales teams took a big hit.
(23 days ago)

Another person confirmed that a specific employee referenced earlier is also gone.
(23 days ago)

A detailed personal story
One employee wrote they were laid off and said morale is at an all time low. They described mandatory camera usage and weekly work justification summaries as toxic micromanagement. They said the CEO’s leadership style feels insecure and that this is a good time to leave a sinking ship.
(23 days ago)

Another user said Clearlake took a terrible bridge loan and that D and B is now trying to slap AI features on products to impress investors.
(23 days ago)

Someone noted that with over 3 billion dollars in debt, layoffs barely matter and that business units may be sold next.
(23 days ago)

Someone believed Canada might be next for cuts.
(23 days ago)

A commenter said the President of North America was gone.
(23 days ago)

Someone claimed more cuts are coming in the new year.
(24 days ago)

Another confirmed about 150 layoffs in total.
(24 days ago)

One user said the place has become terrible and advised everyone remaining to update their resumes because more cuts are coming.
(24 days ago)

Someone criticized the CEO for being in Europe while layoffs happened in the US.
(24 days ago)

A user asked which departments in Canada were affected.
(24 days ago)

Someone said approximately 200 people were laid off in North America and that this will impact Operations.
(24 days ago)

Another asked what “bc” meant.
(24 days ago)

A person responded with “80”, possibly referencing headcount.
(24 days ago)

Someone said they were let go while physically in the office.
(24 days ago)

Another asked whether severance was given.
(24 days ago)

A commenter said they personally knew of three layoffs: a project manager, a DevOps employee, and an ITSM developer. Two were in the US, one in India.
(24 days ago)

Another said valuable employees were let go and incompetent ones kept.
(24 days ago)

Someone explained that failing to issue a WARN notice usually costs a penalty equal to 60 days pay, but if the company gives two months of severance, that effectively neutralizes the penalty.
(25 days ago)

Public sector teams also experienced cuts.
(25 days ago)

A remote project manager in Texas was let go.
(25 days ago)

Someone encouraged laid-off employees to update LinkedIn, reach out to their networks, and asked how the layoffs were conducted (meetings or phone calls).
(25 days ago)

Another detailed scenario:
Client Success employees in Center Valley were affected. Even though they were hired from that office, their cost center was moved to Harrisburg after an acquisition in late August. They believe this shift was used strategically to avoid triggering WARN notice requirements tied to single-site layoffs.
(25 days ago)

A user asked which positions at which locations were laid off.
(25 days ago)

Another said the fine for not doing WARN notices is small enough that the company can easily pay it.
(25 days ago)

Additional replies toward the bottom

Someone asked everyone who posts to include their department and position.
(25 days ago)

A commenter said they too were laid off while working from home in the US.
(25 days ago)

Another person said they were let go from CyberSecurity.
(25 days ago)

Someone believed that WARN notice applies when 60 or more employees are affected.
(25 days ago)

A user asked others what roles they were in.
(25 days ago)

One person said they were let go but saw no WARN notice for PA, FL, or NJ and asked how the company is avoiding it.
(25 days ago)

Someone wrote that their position was eliminated that day.
(25 days ago)

Another person said they were in the office when let go.
(25 days ago)

Another confirmed they had just been let go.
(25 days ago)

Just heard they are being offered VSP in Quincy. Anyone here from there who can confirm one way or another?

Anyone receive theirs yet? Just curious how long they will make us wait for it, being the holiday season and all.

Just wondering if those who are declining the VSP they are eligible for have a concern about being laid off involuntarily with less benefits.

1. Were you given the opportunity to retire, and collect your SERMA if you had one.
2. If you did the retirement route, did you also collect whatever weeks of severance that were being offered at the time.

I'm ready to retire after 30 years. I'd hate to wait for whatever package may be offered only to find out I'd be sc--wed out of my SERMA. I'd rather not pose this question to HR.
Thanks.

I work in NJ. I have been Riffed . On salary (and working) until 2/16/2026 plus severance for a lot of weeks. IF I take a job BEFORE 2/16/2025, will I lose MY severance? Someone told me that I will . I have NOT confirmed with HR, yet. Anyone know and is in the same boat? Kind of makes me want to hold off looking for a NEW job!!!!!!!!!!! SO UNfair if true!

Beware! The language in the severance plan is designed to silence you and whatever you have suffered under the WF new "management" style. Its all designed to cover up what they are doing and how they are doing it. Getting rid of long-term, loyal employees and then hiring outside the USA or worse.
Current management in this case is complicit in the overall scheme. They know who is buttering their bread, and frankly, its not the folks who've made the bank successful. Nope. Its the new team, those who came like locusts from other banks.....and who are now reaping bonuses for replicating where they came from. Yes! You guessed it, WF is not getting to be "leaps ahead", no they are just catching up. To jump ahead of the banking group, you'd have to have original, out of the box thinking. And ability to tolerate risk. All of which....the current leadership lacks. And given the brain drain, well then. I think we can all agree.....there is little upside from here.

1.) Will severance be forfeited if separation occurs due to transition to LTD?

2.) Will LTD be denied if employee on STD is even offered the chance to sign for severance?

My position was eliminated and I received the severance summary form. Am I understanding correctly that the severance offer "package" arrives on my last day and has to be signed by 5pm?

If so, how are we supposed to have time for an attorney to look it over? I feel stupid asking these questions, I've just never been laid off before.

Thanks in advance.

The pandemic lead companies to hire more employees to take advantage of Federal subsidies to keep employees working to prevent an economic crisis. When the pandemic employment subsidies ended the corporate wealth-fare stopped, companies started shedding employees hired and promoted to pad employment numbers and salaries to get more federal funding wealth-fare. That is why companies offered severances or laid off newly promoted non exempt supervisors and new hires or under performers because the profitable federal employment subsidies dried up.

I am trying to figure out how much severance I can get after 20 years of service. I have been hearing conflicting numbers. Someone mentioned max 6months. Is it true.?

Yes, I too have been hit by the recent RIF after 30+ years. Several of my upper management also got hit. Unfortunately, I believe the severance calculation sheet is incorrect. Don't sign until you know for sure. It is much less than what I was told and the numbers actually don't match salary and the cap of 35 weeks. I've scheduled an appointment with HR, but so far, they haven't accepted. Anyone else seeing this?

Has anyone else who has been laid off in NJ contacted an employment lawyer?

The notification itself suggests to do so, but I don't know ehere to begin. I have no illusions about retaining my job, but want t9 be clear on certain things. For instance, it sounds as if yo get another job during the WARN period (internally or externally) you might forfeit severance.

After 18 years here, all I can think about is being laid off. That's it. Just praying to be let out of this prison with a safety net. There aren't many available jobs, but I'm confident I'd be able to find something within a few months. I just don't want to do them a favor of leaving without them paying me to do so.

I'd prefer severance.

Anyone get a RIF package for the holidays? I know quite a few who actually want it, but they are hard to come by, not many people get the gift 🎁

If someone has received a RIF, what’s it look like in 2025, do they give you anything decent?

There is no box to put my signature in…

Not sure if it’s just me, but my severance calculation and agreement show 2025 STI as $0. Does that mean I would not get STI in Q1? Or is it that 2025 STI isn’t part of the “severance” and is instead just paid out in the normal course of my compensation? I have received STI every year since I started at Verizon