#severance

This group is closer to penny wize, dollar foolish than most. Here's why. Remember all the times BH mentioned de-layering and reducing decision making authority? The exact opposite is true. I know this as I look at the list of job grades of those recently axed. Nothing higher than manager and overall average job grade let go is 9. At the same time we (they) mint more VP's. The consistent and frequent additions to the "C" suite ONLY increases beaurocrocy, time and effort to approve low $, low risk investments. Lastly, the severance for these folks was drastically REDUCED compared to previous January layoff. The thing about boiling frogs is, they all end up cooked. Demand leaders with integrity, not these imposters.

anyone want to share a severance template?

Since HR is basically worthless, anybody know for sure if you can work during the separation period? There's conflicting info in the paperwork I received. I know you couldn't during the SUB pay days, but I thought that changed when it switched to the lump sum. Buried in the middle of an 80 page document there's a comment about paying back a pro-rated amount if re-employed during whatever amount of time you received severance for.

As Perrigo continues to slide despite laying off hundreds of people and affecting many families they are now advertising that they will give 52 weeks pay to anyone who stays on at the Vermont site until 2027. Considering long term employees received 1/4 of that (or perhaps nothing going forward) its shameful.

https://www.samessenger.com/news/business/perrigo-georgia-hiring-operators/article_f845eed2-e6d4-400f-b38b-591e6ba0a29f.html

I am not saying CH11 is or is not imminent. But more actions are ahead. Some potentials:

1. More RIFs and firings
2. Changes to the severance policy to reduce total payment obligations
3. Avoiding pension fund contributions, forcing 0% lump sum option
4. Sale of the company
5. High risk schemes like selling our IP, reducing Microsoft license levels, buying auditors

• Irrespective of performance
• 3-6 month packages

Is payday still tomorrow (Wednesday)

Anyone got their document pack yet? It’s been over a week since last pay check.

Like, let's say your severance period ends on June 18, '26.

For MEDICAL, I have to have the date of service by before June 18 to count?

For a FLEX ACCOUNT, I assume there's a certain amount that has been funded by that date and then I have to have the expense incurred by that date? And how long do I have to get reimbursment?

For WELLNESS DOLLARS- I just have to do the activities by June 18?

I've found that benefits information / support is lacking for severed employees. The annual enrollment is by phone only (no online apparently) and there's nothing written that describes the specifics for how the final partial-year benefits work. Yeah I'm going to call but some of you have may have some interesting tidbits that my phone call won't uncover.

Is it paid in a lump sum?

https://stlawyers.ca/blog-news/ibm-job-cuts-november-2025/

I’m hearing rumors that band 5 and above is getting notices this week or accepting a special package. Can any Sr Directors or above confirm this?

Band 6 and below will be the 11/20 group. Im hearing those names are being compiled by band 5 and above now, but I’d like to hear confirmation from the band 5s?

Someone somewhere must have credible information by now. Please let us know!

good riddance

Yes more layoffs confirmed 4th quarter some notices already went out. Jobs going overseas.

Just came through… thoughts/details?

Have any of the folks laid off on September 3rd and covered by WARN 60 days notification period received anything today? I have been checking my email and haven't seen anything (although the final payroll payment showed on my bank account this morning).
In any case, I really appreciate all folks that have contributed to this forum. It was the first hit that showed up when I searched after being laid off, and it made me realize I wasn't alone in this new journey. I really wish the very best to all of you.

I can handle being laid off. What would really break me is being PIPed and then fired, which is exactly how my old company got rid of people to save money. That’s the reason I left. After having that kind of threat hanging over me for years, a layoff almost feels like mercy.

With the CEO coming in, will the union get a package or incentive to leave? I heard might be some movement or layoffs for some union members.

I work on the clinical team where a nurse practitioner is laid off with no notice. Not sure about severance, I'm sure they got it. But why are they getting no notice prior. Most other workers seem to get 30 days or 90 days notice. This is in the Midwest. It was less then 50 people for 1 location

Have you seen the job market?

Have you talked to those who are looking for a job?

Have you talked to those who have been looking for months or even more than a year to find a job?

It is a cr-p job market right now. Even in major metro areas like Des Moines, Minneapolis, Phoenix, etc.. Intelligent, professional, experienced, hard-working people can't find squat right now. And signs from the markets don't point to a turnaround anytime soon. And heading into EOY and holiday season is generally a slow time for hiring in any type of market.

And some of you need to get over this WFH! WFH! WFH! attitude. For several reasons. Not only do many companies hot have a strong WFH position, but don't presume you will just stroll into a job that even offers WFH. Guess what? You are not the only one fighting for the job. You think you are good, but are you the best? You feel you have excellent skills but are they relevant and current to today's world? Guess what? Being an expert at Excel is not the gold star it was 10 years ago.

If you have ANY hint or thought that your position will go away, if you do not have a nice nest egg on-hand, and/or a decent number of years for a nice severance period, you best start looking now while you still have the WF paycheck. And if you are part of a couple where both work at WF, one of you better already be walking out on the blank to jump somewhere else.

..... if the end is bankruptcy or sold off so be it. Just please pay severance

https://www.efinancialcareers.de/en/news/citi-s-severance-spending-suggests-it-won-t-be-cutting-jobs-in-q4

I was surplused and last day on payroll is 11/6. In the packet, they provide an age discrimination sheet that shows the age of everyone in my organization with the same title. I am, in fact, the oldest.
I am over 50 & located in Dallas. I am a single parent so I need the severance money but I am curious if anyone else filed a lawsuit instead. Was it worth it?

Has anyone had any luck negotiating their severance offer? If so how did you go about it?

I work for Verizon. A little over a year away from qualifying for Medicare. Our new CEO Dan Schulman promised us big layoffs are coming. Our current severance package is 2 weeks per year capped at 35 weeks. I'm guessing that he will reduce that significantly to save money and point to ATT's severance policy as justification. How many older ATT employees have been layed off and negotiated a better severance package from the company? I'm thinking they should bridge my healthcare until I turn 65 and honor the old (current) 35 weeks pay cap.

I looked on the intranet but can’t find the info. If you get RIF, do you get VZ non-COBRA insurance for the same length as your severance weeks? Or does VZ insurance go away on our last day of work?
Thanks.

I was hit in the last RIF. They used the “position elimination” excuse which is interesting since they did a department reorg a month or so prior. Sent in my release form on Oct 2nd. Did not receive payment until the 22nd.

On Thursday, 10/30 a large number of IT employees have been affected by RIFs effective 12/31. There is no public acknowledgement of these activities. This was somewhat expected due to the ongoing expansion of Amgen India in Hyderabad, a decision made roughly a year ago for obvious financial reasons.
Impacted employees are offered severance packages that should help in the interim.

I've heard 4 wks per year.

If one wants to get laidd off with a separation package and get out of Intel, what is the best approach in messaging with manager or HR to achieve success?

What adds insult to injury?

1. My last day after well over 30 years is Nov 20, no two day Thanksgiving pay.

2. Max severance is 182 days, only getting severance pay for less than 1/2 of my tenure.

3. C suite automatically get 2 full years severance unrelated to their years of service.

4. The previous layoff in January 25 everyone received max 182 days PLUS $10K. No $10K this time around. Seems like precedent was set and taken away.

This level of greed, cronyism (BH hiring family and friends) and the consistent ADDITIONAL C SUITE hires should speak to the dark soul leaders of this company.

I was just let go and wanted to make sure I’m not missing anything to get severance. I got the email and I clicked for my signature and then submitted. Is that all we need to do? Any way to validate I’m good?

Was anyone laid off in early September given a termination date of November 14?

11/21

Do not expect severance packages to be as generous as before.

To pay me severance????

The severance policy is you are eligible for severance after 1 year of service completed. The formula is the greater of 12 weeks OR 1 week for each year of service + 4 weeks with a maximum of 26 weeks. So basically if you have between 1 and 8 years of service you get 12 weeks then add 1 week for each additional year. This is for Directors and below. VP's get 26 weeks, SVP's get 39 weeks (I believe) both after 1 year of service. But the majority of folks impacted are Directors and below I would think. This policy hasn't changed in the past decade maybe been in place longer.

Not my post though, see the original: @10vp+1jp883evs

I assume the restricted stock bonus is gonna go away once you’re laid off. Is this true?