#severance

A company is not always required to provide notice if it offers severance benefits, but it must comply with the WARN Act or state laws for mass layoffs and plant closings. If an employer fails to give the required 60 days' notice under the federal WARN Act, it can provide a severance package instead of notice. The severance package can serve as payment in lieu of notice and may be used to offset any damages the company owes. However, the severance package must be "voluntary," meaning it isn't already required by another law, contract, or company policy.

Key points about WARN Act and severance

WARN Act notice: For qualifying employers, the federal WARN Act requires 60 days' advance written notice for mass layoffs or plant closings.

Severance as pay in lieu of notice: An employer can offer a severance package as an alternative to the 60-day notice period. This package can include pay and benefits for the 60 days.

Offsetting damages: If an employer provides a voluntary severance package, it can be used to offset the back pay and benefits the company would otherwise owe for violating the WARN Act.

Voluntary payments: The severance package must be "voluntary," meaning it's not something the company is already legally required to pay under a separate law, contract, or established company policy. If it is a mandatory payment, it cannot be offset against WARN damages.

State-level laws: Some states have their own "WARN" acts that may require longer notice periods or have different requirements than the federal law.

The only thing company has to do to avoid the 90 day notice is to be giving enough severance and benefits to cover the 90 days .So they let you go today as long as your getting enough pay and benefits for next 90 days there you go.So verizon already provides severance and benefits to leave no need for prior 90 before being let go

So, I’m in NJ and WARN Act seems to say they must give us 90 day notice of layoff.
Does that mean if I’m told on 11/20, I would remain on the payroll until 2/20/26? After that, the severance would be paid at 2 wks per yr of service? I keep hearing “they need to be off the books” in 2025. Does anyone have credible information on how that plays out?

Layoff Communication Timeline
• EVP/SVPs: Notified last week
• VPs: Being notified this week
• AVPs/Senior Directors: To be notified next week
• Direct Managers: Will notify impacted employees on 11/20 via phone call only (no WebEx or video)

⸻

Post-Notification Details
• Impacted employees will be removed from payroll on:
• 12/20, 1/20, or 2/20, depending on state notification rules
• After notification:
• No office visits allowed
• Work limited to transition duties only

⸻

Compensation & Benefits
• Bonuses: Paid out at 100% for the year (no proration)
• Accrued vacation: Fully paid out
• Stock awards: Will fully vest at their scheduled times — no loss of stock value
• Unemployment: Eligible, even if listed as “forced retirement”
• Severance:
• 2 weeks per year of service, up to a maximum cap per job band

⸻

Additional Context
• Further layoff rounds expected over the next couple of years
• Current phase involves 20% cost reductions
• Company undergoing major restructuring — work methods and operations will significantly change

I started working at Fleetmatics, and after the acquisition, I continued my employment under Verizon Connect through today. I’m trying to understand how severance eligibility is calculated.

Does anyone know whether my years of service at Fleetmatics will also be counted toward my total service time for severance purposes? Thanks!

If you are located in an office like Burbank that did not get the warn notice and you are let go before 12/31, have you tried to negotiate with HR to get a higher severance? Were you successful?

My best wishes are with you all, who are effected by this round of layoffs

What did they offer as severance? And did you get a chance ask why you?

How is the taxes on the package calculated ? Wont all the money coming the package go into IRS ? Are there ways to protect the person in trouble ?

Hello. I have been told I am being laid off and my term date is 6 months away. I work remotely and live in a small town. There is a job in Cargill in the same level I am that I am qualified for. Debating on whether I take the severance (about a years worth) and run or apply for the job and if I get offered it, lose my severance. Has anyone been through something similar? I can’t really start looking for a job outside yet because of my term date being so far in the future. Thanks in advance. I am just really stressing out and not sure what to do

How long does it take to receive severance email and paperwork to sign? Some people are approaching the end of the 60 day non working notice but haven’t received the email

Got laid off yesterday. Have been working in synopsys from last 3.6yrs. Not sure what range of severance package should expect?
No formal HR communication!
Any help regarding Irish benifits?

Does anyone know anyone who was laid off yet and can she'd light on what the severence package is this time around? 3 months plus your STI? No STI?

Hi all ,
Firstly my heart goes out to people who got laid off ,one of my colleague got laid off and we were taken aback by the whole thing (never expected that he would be the one to be impacted by it)

I joined synopsys few months ago , I'm still in probation , I scared that they might lay me off , I can't stop thinking about it, if in the worst case scenario I get laid off , is anything that I can expect in terms of severance or anything at all ? Any advice here ? I work in TPG

From Reddit:
I'm not talking about the dough facilities. I'm talking about corporate staff.
There has been no notifications, no conversation, no announcements. I think this is standard operating procedure for a company that is currently being sued for failure to notify about layoffs.

Every day a different department has had people let go and by my count there are about 30 or so who have been let go. Some are offered early retirement, some are just called into a meeting with someone who is not their boss and that is that. Almost of them have been at Panera for more than 10 years. This is not who we are supposed to be but when someone shows you who they are, you should listen and so should we.

More than a few people have said that layoffs will continue until next week but no one actually knows because no one is actually saying anything. I think the only reason they are doing it this way is because they laid off a bunch of HR people last month. I'm sorry, they did not get laid off, they were told their jobs were moving to Boston and they could apply but they would get no bump in pay.

Here is what you need to do:

• Stay calm. The decision has been made and nothing you can do will change it.
• Give recommendations and get references. Have one last conversation with that friend or manager.
• Download or offload anything you want to keep. Performance reviews and letters that say you did a good job, those are yours, those belong to you. Anything you produced like reports or summaries of your work, save it, change some numbers and keep it because you want to remember what you did.
• Start looking for work now. This company is sinking and so are our opportunities.
• If you work in the office, bring a bag in tomorrow and be ready to walk out.

If you survive the cuts keep looking for work. This company is on its way down and it will not help your career to ride it out looking for a nice severance. Our sales have not been this low since the pandemic. The people in charge have zero understanding of what this company is.

Cutting 15,000 employees should save the company mucho dinero (after the initial cost outlay). That said, hopefully those let go will receive a good severance payout…including health coverage, STI and remaining stock plan.

Pretty sure I’m getting the can. I’d like to port my number away from Verizon while I blow my severance money traveling the world. What carrier or mvno should I port to that would be cheap to travel with while being able to keep my number so I don’t miss any recruiter calls?

Will employees be expected to turn in concession phones and laptops/computers/monitors, etc? They can't seriously expect 15k+ employees to return equipment. Is there a way to negotiate keeping them? What happens in the event you don't send it back?

Synopsys to Cut 10 percent of Workforce, Close Sites in Restructuring
Source WSJ
Summary Synopsys will eliminate about 10 percent of its workforce and close some sites after its Ansys acquisition. Most reductions land in fiscal 2026 with completion expected in 2027.
URL https://www.wsj.com/business/synopsys-to-cut-10-of-workforce-close-sites-in-restructuring-b4d735f3

Silicon Valley tech giant cutting up to 2,800 jobs after 35B merger
Source SF Chronicle
Summary Synopsys plans up to 2,800 layoffs as part of a restructuring tied to its 35 billion dollar Ansys merger. The firm expects 300 million to 350 million dollars in pretax charges and aims to finish by fiscal 2027.
URL https://www.sfchronicle.com/tech/article/synopsys-layoffs-ansys-acquisition-21169869.php

Synopsys plans 10 percent job cuts after Ansys deal closure
Source Reuters
Summary Synopsys will cut about 2,000 jobs after closing its 35 billion dollar Ansys acquisition and missing revenue expectations. It expects 300 million to 350 million dollars in restructuring charges with most reductions in fiscal 2026.
URL https://www.reuters.com/business/world-at-work/synopsys-cut-about-10-its-workforce-2025-11-12/

Bay Area tech company Synopsys to lay off more than 2,000 workers
Source SFGate
Summary Synopsys will lay off over 2,000 employees during fiscal 2026 with WARN filings showing early cuts in California. The move follows the Ansys acquisition as resources shift to higher growth segments.
URL https://www.sfgate.com/tech/article/synopsys-layoff-more-2000-workers-21169492.php

Another major tech company just announced thousands of layoffs
Source Gizmodo
Summary Synopsys is preparing about 2,000 layoffs tied to its Ansys acquisition and broader restructuring. Most cuts will occur in fiscal 2026 with completion targeted for 2027.
URL https://gizmodo.com/another-major-tech-company-just-announced-thousands-of-layoffs-2000685222

Synopsys to cut about 10 percent of workforce in major restructuring
Source Yahoo Finance
Summary Synopsys will remove about 2,000 jobs after its 35 billion dollar Ansys deal and a recent revenue miss. The firm expects 300 million to 350 million dollars in pretax charges largely related to severance and site closures.
URL https://finance.yahoo.com/news/synopsys-cut-10-workforce-major-143726076.html

Synopsys to cut 2,000 jobs after 35B Ansys deal
Source Benzinga
Summary Synopsys will cut roughly 2,000 positions to redirect resources toward faster growing areas after the Ansys deal. The move follows several disappointing quarters and will carry significant restructuring costs.
URL https://www.benzinga.com/markets/tech/25/11/48810282/synopsys-to-cut-2000-jobs-after-35-billion-ansys-deal-shifts-focus-to-faster-growing-businesses

2,800 employees face layoffs as tech giant cuts 10 percent of workforce
Source MassLive
Summary Synopsys will eliminate about 2,800 jobs after integrating Ansys in a 35 billion dollar merger. Layoffs will occur mainly in fiscal 2026 with some already underway in California.
URL https://www.masslive.com/news/2025/11/2800-employees-face-layoffs-as-tech-giant-cuts-10-of-workforce-after-35b-merger.html

Synopsys to eliminate 10 percent of staff following Ansys integration
Source Computerworld
Summary Synopsys will cut up to 2,800 positions as it unifies chip design and simulation capabilities post Ansys acquisition. Analysts describe the move as strategic to accelerate synergy capture and strengthen competitiveness.
URL https://www.computerworld.com/article/4089177/synopsys-to-eliminate-10-of-staff-following-ansys-integration.html

Synopsys to lay off 10 percent of workforce
Source Businessworld
Summary Synopsys will remove about 2,000 jobs to streamline operations and refocus investments following the Ansys acquisition. It expects 300 million to 350 million dollars in restructuring costs through fiscal 2027.
URL https://www.businessworld.in/article/synopsys-to-lay-off-10-of-workforce-579532

Can you anyone advice about severance. I feel the package offered was very low or is it just like this?

Completed 1 year + week
Payout includes : 2 weeks of notice pay
3 weeks pay in lieu
CIP payout
RSU (not sure, if it will be vested, vesting date in mid-dec

Is it expected or can i negotiate and if so what should i ask?

if we are the (un)fortunate, and our last day is 12/20 or 1/20 or 2/20, do we still get paid during this time? and then we get our package after? will everything be in tack as if we are still FTE?

Or just the boot?

I’m going to leave next year regardless once my CIP hits. Is there a way to EOI so I get severance? What if I just stop working? Will I get severance for involuntary termination? Between a prorated CIP, Cobra, and severance it could be worth over 100k for me to do this vs. leaving voluntarily.

So 15k is the number. Which is still short of the 20%. So most likely round 2 will be after January. Those lists were already made as most people suspected. If anyone has actual details on how the layoff procedure works from prior experience, please inform us is there an HR call is there a WebEx? And what are the details of the actual severance if there is any?

one out of every 10 will not be here after the following week. That will be one out of every five after January. Sad state of affairs.

Just in this week they are laying off as many blue badge technicians as possible to replace them with green batches, multiple managers confirmed

Just go looking for jobs and you see "semi-conductor or any city intel fabs are in" are the key words, no perks or severence payouts saves intel plenty $$

Layoff Communication Timeline
• EVP/SVPs: Notified last week
• VPs: Being notified this week
• AVPs/Senior Directors: To be notified next week
• Direct Managers: Will notify impacted employees on 11/20 via phone call only (no WebEx or video)

⸻

Post-Notification Details
• Impacted employees will be removed from payroll on:
• 12/20, 1/20, or 2/20, depending on state notification rules
• After notification:
• No office visits allowed
• Work limited to transition duties only

⸻

Compensation & Benefits
• Bonuses: Paid out at 100% for the year (no proration)
• Accrued vacation: Fully paid out
• Stock awards: Will fully vest at their scheduled times — no loss of stock value
• Unemployment: Eligible, even if listed as “forced retirement”
• Severance:
• 2 weeks per year of service, up to a maximum cap per job band

⸻

Additional Context
• Further layoff rounds expected over the next couple of years
• Current phase involves 20% cost reductions
• Company undergoing major restructuring — work methods and operations will significantly change

Any one received thier severance payment from the recent RIFs?

Kinda tired of these LinkedIn posts bragging about ‘X years with the brand.’ Just be honest - you did solid but pretty average work most of the time, they gave you a generous severance package, which will never be repeated - and you took the deal. No need to turn it into a hero story.

• Paramount told staff they must return to the office five days a week starting in January and offered a voluntary severance package to employees at vice president level and below who did not want to comply.
• Around 600 people, mainly in Los Angeles and New York, chose the payout instead of coming back full time. This comes on top of earlier layoffs and broader restructuring and cost cutting after the Skydance merger, including leadership changes at CBS News and canceling “The Late Show.”
• Critics say the new owner David Ellison is reshaping the company in ways that may also be politically aligned with President Trump, who recently settled a lawsuit with Paramount and has praised Ellison’s direction.

https://thehill.com/homenews/media/5600559-paramount-layoffs-office-return/

Should i tell my boss now i want go or wait to nov 20 to negotiate terms.??

So much for being star performer.

I'm in SMT, got rated as exceptional performer.

And this morning, I was told my position is strategically moved to NC where there are all the developers, including my manager.

I have 2 months to find a new role or accept severance

Hello
Can someone please post the current retirement calculation?

I was laid-off, now past severance with no access to current docs. I am getting paperwork from WF calling me a retiree and including sign-up docs and sites for retiree benefits. Yes, I know, there are really no retirement 'benefits'. Just curious why this is happening.

Thanks

I’m a GL31, that was laid off. My last day is late November. I have been with Optum for six years, and have been in various roles (including two integrations). During that time I’ve accumulated a decent amount of stock options (all currently worthless at the $400-500 strike price), and stock RSU grants. My next RSU vesting is Feb 21, and would have amounted to about $30K (at today’s share price). I also obviously am not getting a bonus for 2025.

My severance letter is offering to give me 12 weeks of pay, plus a week of unused vacation. No RSUs, etc.

My question is - before I sign my severance agreement, should I have a lawyer attempt to negotiate the inclusion of my RSUs as part of my package? Has anyone done or heard of this being a successful strategy?

I have 45 days after my last day to sign the letter. I feel I’ve put it the vesting time of six years waiting for these stock awards to vest, and that I should receive these RSUs that are just a couple months shy of vesting. Do I have any case?

Thanks for any advice you may have.

I am 62 and I'd take the money and run. The math works for me and I just need healthcare. I've been working since I was 19, I am so done.

. I was grossly underpaid but being single w/no kids and having that leven of comfort knowing your job inside out, I decided to stay and never seek opportunites elsewhere. Sadly my mother got sick w/dementia around 2019 and I was forced to step away from the my career (did get 1 yr od severance) to take care of her along with my father who is also up there in age. She eventually passed from covid, so it was just me left with my father (who was early 80s at the time).

I decided to give up my apt and move back to the family home (wasn't far anyway...long island, ny) to watch over my dad. I also decided that I wasn't going to stress about working again as a hack for some thankless corporation and decided to just drive Uber. I'll tell ya what, the last 5 years have been the most stress free and happiest of my adult working life! I'm eventually going to inherit the family home (valued at 1.2M), and along with making about $1200 a week (while only paying about 5% on taxes since we're considered "gig" workers...I've realized that happiness isn't about banking big check every week...it's about using what time you have left on this planet to enjoy yourself and do the things in life you love. I can easily cover my monthly nut, which isn't much.

Sure, I live frugaly and I'm able to pull this off because I don't have kids but nevertheless I don't think I'll ever work for a major corp. again stressing everyday and hating life. Doing uber allows me to go hang out on a whim with my 7yr old nephew, take him to soccer practice or maybe an afternoon movie on the weekends, etc, etc, etc.

I was a former D1 college soccer player and I even took up coaching my old high school team. Life is great. Most of us ki-l ourselves working to our early 60s only to then have maybe 5 good healthy years left.

Fk that.

I took VSP last year. It was a good decision. If you are given an opportunity, do your math and it may work well for you as well. I know this is not for everyone as people are in different states of career or personal growth, but if you are thinking about it, I'd encourage you to take it.

My stress levels went down 90% and I was able to cut my expenses to the point that I am comfortable. I also found another job that does not pay as well but it covers my decreased expenses. Granted, I am close to retirement and the math just worked out.

Good luck!!!!!

Do you know what kind of Severance Package was offered?