#severance

FYI- I received an email around 5pm with the following info:

Due to an error in Workday, your severance documents were not pushed to you as intended. Therefore, we have moved to process your severance benefits manually. Please note that you will not be able to sign your agreement in Workday due to this error. We will need you to either print, sign and scan the document to be emailed back to us, or use any electronic signature application to sign it instead.

Ruiz Foods is implementing layoffs affecting approximately 175 positions at its Dinuba manufacturing plant. These reductions are scheduled to take effect on November 4th. The company cited a need to align production capacity with anticipated customer demand as the reason for the cuts. Employees were informed of the decision on September 2nd, and the Dinuba facility currently employs around 1,400 individuals. Eligible workers will receive severance packages and may have opportunities to apply for positions at other Ruiz Foods locations.

Dinuba, California

https://www.yourcentralvalley.com/news/local-news/ruiz-foods-dinuba-layoffs/amp/

Have seen several post regarding questions about severance payout. The specifics vary from country to country and the time he made to, but in the US payment is not paid on the normal pay cycle.

I'm happy to have gotten the VTP payout of 104 weeks pay.

For those that have been at fiserv 5 or more years what was the package when you got laid off?

Once upon a time, WFB was a great company to work for. I worked through many bank mergers and changes. Most all team members worked hard but were recognized and rewarded fairly. In late 2019, things started changing. Layoffs, change in benefits, Severance times were reduced, etc...then the pandemic happened. My biggest regret is not seeing the writing on the wall. I regret working 12+ hours/day for days on end to meet quarterly deadlines. I regret not speaking up to advocate for others and myself. I regret not job searching early on, thinking I'd be able to reach full retirement age. at WF I regret not moving my 401K to another institution as soon as age permitted. I regret not contributing more to Roth vs. conventional 401k (biggest regret!). I regret not furthering my education to pursue other opportunities.

What I don't regret are all the amazing people I worked with over the years and still keep in touch with to this day. I sure miss the company WF used to be. The Holiday parties, office lunches, employee-family picnics, bowling and softball nights...it once was a lot of fun and an enjoyable place to work. I looked forward to going into work. Unfortunately, today's generation will never know what that kind workplace culture.

After 30+ years, I was displaced before I could reach FRA. It's been over a year since displacement and after hundreds of job applications, not one interview. Yes, I've worked with job coaches, AI, etc...but unfortunately young senior's are not wanted except for Wallmart greeter type jobs.

I loved my job and the people I worked with, received great reviews, tolerated little if no raises, but would have been grateful to say I was able to fully retire from there. I don't miss the RTO mandates, feeling like big brother was constantly watching, the micro-managing managers the last few years, constant manager turnover, and just the overall toxicity in the office. This is my last post, then I'm off this site. Not looking for any mean or sarcastic comments. I just wanted to vent and get my thoughts out so I can move on and not look back. Good Luck to all of you who are still working, especially the long-timers if there are still any 30+ TM's out there.

I have yet to receive anything regarding Dayforce, ISP severance, or anything of that nature. I’ve only received an email stating my information in Dayforce has been updated. They had no problem sending emails about sending this raggedy @$$ equipment back so they clearly they have my correct email on file. Anyone else waiting???

When you are paid out at 2 months plus a week for every year. Is that based on your TTC or just your salary portion?

I wanted to put something in writing rather than let it sit, because I know a lot of you are feeling this too.
Based on some of the comments posted It's been suggested that people should be more upbeat about the VSP/ISP changes, and I don't think that's fair. Nobody made a decision like accepting a separation package lightly. For a lot of us, this isn't just a job ending — it's years, sometimes decades, of investment in this organization that we once felt was serving our members and communities. Being asked to greet this change in your livelihood with a cheerful face doesn't erase what it actually feels like, and downplaying it doesn't reflect well on whoever is asking for the cheerfulness. In this industry we all are aware that change is inevitable. But being reassured by your PL your team is safe and suddenly advised your last day is in two weeks hurts.
Caring about how this is handled doesn't mean someone isn't grateful for their time here or isn't committed to doing good work until the day they leave. Staying professional and finishing strong is not the same as pretending this doesn't hurt — both things can be true at once.
I'd also ask that people keep in mind: many of us aren't just colleagues to each other. We may well end up as members on the other side of the services we've spent our careers building. That connection — and that responsibility — doesn't disappear because a title does. Please always remember elevators work both ways. You may be headed up one day and down the next. Learn that a kind word and a small bit of empathy for all will go a long way. I wish everyone well

Don't stress

Calgary-based FinTech company Neo Financial has announced significant layoffs, impacting 102 employees. This reduction represents approximately 10 percent of the company's total staff. The decision was made to streamline operations and foster a more agile team. Neo Financial stated that the move aims to increase focus and efficiency in product development. Affected employees will receive severance packages and transition support.

Calgary, Alberta

https://betakit.com/neo-financial-lays-off-roughly-10-percent-of-its-staff/

1 month sev for year of service?

For the rest its still bad, no increment. Falling stock. What else?

Does anyone know what the current UK severance package is? Someone affected recently maybe? Thanks for any info.

I'm a management employee and my boss asked me if I wanted to consider the layoff package. He purposely provided no detail on what the package might look like for someone with 22 years. Anyone have a real idea what the severance packages have looked like recently? Also, are we eligible for unemployment once the severance timeline has passed? Thank you in advance.

I'm in Optum Health and I'm desperate to leave. Like actually considering resigning this week because I can't take this place anymore. However, if there's a chance I'll be laid off in October, I'd certainly choose to hang in there and collect my severance. So my question is... how bad do we think these layoffs will be? Is it worth waiting? And does anyone know when in October we should expect layoffs?

Trying to access dayforce like the instructions stated since I've yet to receive anything regarding signing off on severance or even equipment. Anyone have success or is there a way to access to instructions to make sure im not missing anything? I got an email to my personal email from dayforce about updates being made, but for some reason i cant login or reset my password either.

I had a two decade long career at Shell. I held on to all the shares that I got through PSP and the discount. Two years ago Shell gave me the ol' heave ho severance package because I don't match the DEI quota for senior leaders (aka male on a 100% male team and I don't have either a tan, an alphabet letter, or an accent so I was the one selected to go). I was watching the Shell shares run up in value... but the nagging part was that while watching them climb XOM was climbing faster percentage wise... and for most of the time QQQ and nvidia were too. I kind of regret hanging on to Shell for a higher price when selling Shell and buying a better company would have done me better financially.

Selling Shell to buy a lot of different things would have been better. the idea of hoping your holdings are the winner is like staying with your first pick on the Monty Hall problem

SELL Sell SELL

Note: Used AI to clean up and organize the wording of this post. The information and content are based on what we’re hearing from our contacts. AI did not generate the information.

The dates being discussed are not completely baseless or intended to add fuel to the ongoing rumors. They are based on information we are hearing from reliable sources.

The dates being mentioned are Sep 14 for the US and Sep 14 or 16 for IDC. One reason being discussed is that last time there were legal considerations around the Sep 2 timing and stock vesting, so there may be an effort to avoid similar issues this time.

Again, none of this is officially confirmed. This is simply what we are hearing.

If multiple people on Blind and here are independently talking about Sep 14, there could be some truth to it. Something similar happened last year when there were a lot of rumors about Sep 2, and the layoffs did happen on Sep 2.

Potential impact:
——
Based on what we are hearing, the impact could be mostly GVPs, middle management (M2/M3), and some ICs. But this is also not confirmed

###What you can do between now and Sep 13 midnight.
————————————-
1). Back up your personal materials
——
Do not take Oracle proprietary or confidential materials. But download your personal documents such as paychecks, benefits information, contact details, performance records that you are entitled to keep, etc

2). Get your personal laptop ready
——
Have your personal laptop set up with everything you may need for a job search. If something happens unexpectedly, you don’t want to be trying to transfer everything from your work laptop at the same time

3).Understand your health insurance options
——
If you’re concerned about coverage, call Covered California this week and understand your options (Blueshield Silver instead of Cobra etc) before you need them. Don’t wait until the last minute. Also understand how WARN and COBRA work so you can make an informed decision based on your situation.

4). Review your life insurance
——
If you currently have employer-provided life insurance, understand what happens to that coverage after termination and consider whether you need a personal term life insurance policy to protect your family. You can buy 20 year term insurance plan this week

5). Be prepared for the process
——
If a layoff happens, you may receive a meeting invitation such as a ‘business update’ with your manager Sunday night or Monday morning (or just an early morning email). They will explain the next steps, including severance, benefits and returning company equipment. Follow the official instructions you receive.

6). Don’t panic
——
If it happens to you, take a breath. Understand your severance and benefits, and apply for unemployment through EDD if you’re eligible. Give yourself some time to process everything.

7). Start preparing now
——
Update your resume and LinkedIn profile. Start applying for jobs and consider using the time to upskill, especially in AI. You can spend part of the day applying and part of the day learning. It may take some time, but don’t give up.

Layoffs are happening across the industry, but the uncertainty and repeated restructuring can be very stressful. If something does happen, remember that it is not the end of your career. Take care of yourself, stay positive and focus on the next opportunity.

Hopefully none of this happens 🤞 But being prepared is better than being caught off guard.

Will people in the bottom 10% in the US get the standard severance package? Or will it be considered “fired for cause” and you get something less (or worse nothing).

If your state has 60/90 days notice, let’s say you have 15 vacation days left and 9 years of service - what’s the severance period?

what did it look like and how recent?

Anyone know if the PIL document is available to view. What are the conditions and what if you don’t sign it? Does that mean you automatically get the PIP and 3 months pay? If they cut the PIP short, do you not receive anything offered in the PIL? What about benefits like medical and pension balance? Do those get forfeited?

For those whose last working day was around September 4th, has everyone already received their severance package/agreement by email? I still haven’t received mine and just wanted to see if anyone else is still waiting. Thanks!

My last day as an employee is on 9/18. Anyone know if the ARAG benefits continue during severance period? I know I will have the health coverage. Thank you in advance.

Has anyone who separated on 9/4 gotten an update as to when the payout will occur? Also will anything deter you from getting the VSP? I just have so many questions and concerns and it was written poorly; leaving a ton of questions

If I'm laid off, what are all the necessary steps I need to do right after? I'm assuming giving back any equipment, but outside of that?

I've heard there have been some reductions, but can't find any info.

Has anyone heard that the severance pay is going from 1 paycheck/2 weeks of pay per every year of service to 1 week of pay per year of service? I’m really hoping it’s not true.

Why should I agree with a severance package that is below the big tech industry standard of 3 months and few weeks. They never offered me RUS or any bonuses ( only twice of 100 euros) during my 8 years work
Why can't I sue and get more?

First. I received my severance paperwork on Sept 5 around 3:42am via my personal email.
Second. Severance had less than 17 weeks it told me I would get.
Third. I didn't sign anything. It is an email on the severance you can address your questions too.
Fourth. From what I am reading it is best to sign the severance after you receive your last pay check.

Hi all my laid off buddies...release is on workday but this line I'm hesitating...
Employee may not sign this release prior to their last day of unemployment and prior to receiving their final paycheck...
So we can't sign this until next Friday, which is a delay, which will allow them time to delay payout until October. Has anyone previously laid off signed this prior to their final paycheck and still received severance?
This is my only reason I'm hesitating

Any idea what intel offer now?

So stressed, that I want to go to my manager and ask to be in next layoff if this is possible.

However, it will only make sense if the severance is good. To rest a bit, prep, and go back to the interviews.

Could someone share the light on the severance package? Thanks!

Why are some saying there was no severance package for those involuntarily let go this time while others are saying there were? Can anyone who was laid off set the record straight?

I honestly find it hilarious when I see and hear coworkers talking about lawsuits and how “someone, somewhere” is going to do it. Basically, someone else, not them. They don’t have the cojones to stand up themselves; they need someone else to step up first.

The problem is, no one will. Dell can blow away any talk of lawsuits with enough coin and a stack of NDAs.

We’re all sc--wed. Nobody seems to have a real set of big, masculine te------s, we’ve all been neutered, myself included. We’ll just keep taking it up the dirt track with no lubrication and pretending it'll get better or we'll get a healthy severance.

For those that have received the Separation Agreement for the VSP with separation date of today, 9/4: It seems like they will not produce an updated severance benefit document ahead of us needing to sign within 45 days. We’ll only have the estimate they produced originally. Does this seem accurate to others?

Reading thru the displacement paperwork, it seems that we cannot submit the form to request a lump sum severance payout until you are no longer a WF employee (the day after your 60-day non working period ends). Is that true? Anyone know how long after submitting for lump sum severance payment you actually get this money? The displacement paperwork alludes that it can take another two months on top of already waiting the initial 60-days (non working period).

If, globally, most sales reps fail to hit their quota, will Dell still increase targets again in H1 FY28?

If the majority of us are missing targets because expectations are unrealistic, what justification is there for increasing them further?

Could this “manufactured failure” ultimately be used as justification to reduce the workforce?

And with severance potentially being lower than in previous years when calculated against the new payout structure, it feels like we’re all being played here.

If you were laid off in the US and over 40, you should receive a list of ages and titles of those affected. Can someone share the number of people laid off in their "decisional unit", as well as the number of people remaining?