#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?

What is the severance package ?

It’s starting. Layoffs until Thanksgiving.
I was told I have to work through the whole month of November to receive severance. This place sux! Totally blindsided. Wish us all good luck!

Did anyone return their laptop and phone? I was told that someone would reach out to me about sending my stuff back to IT, but that never happened.

Severance check cleared, so I guess I will just give the phone to my kid and trash the bricked laptop.

What is the benefit for folks who were laid off and are over age 40?

Layed off but I must work for next 4 weeks. Was just asked to goto a meeting. TERMS- have to work until 11/27/2025 to receive severance. Out of nowhere. Blind - sided. Anyone else in my situation please comment here. Let’s help each other get through this!! 🤞

I got notified yesterday...

should i talk to a lawyer first or just sign the papers??

what kind of lawyer do i even need for this.

How do i know if what they offer is fair or if theyre trynna lowball me. can i get more money or benefits if i wait or negoiate.

what do i ask the lawyer when i talk to them??????????????

stream of thought: what happens if i already signed but change my mind. is it better to sign fast or wait a few days. do i have to pay the lawyer right away or only if i win something. how much do lawyers like this usually cost?????

Also.... what should i not say or do right now so i dont mess this up.

For those of us impacted this week, does Target have any track record of negotiating severance?

I was a "lifer" (almost thirty years) who was severed September 2024, and all the wind had left my sails in the turmoil throughout the year or so previous to that. In all my time there, there had never been a worse problem with either leadership (including the Dauman fiasco) or morale (including after the Freston firing).

It was still an emotional blow when it happened, but I had been expecting it and had already mapped out some personal projects I wanted to pursue in order to cleanse my palat.

After just a couple of weeks, I found that I was sleeping better, getting up earlier, laughing more, feeling more spry, and had lots of creative energy that I was excited to put to use.

In short, I felt about ten years younger -- which made me realize that this wreck of a company had been making me feel ten years OLDER.

The financial concerns that I face now now come nowhere near the stresses of being inside the ever-worsening toxic behemoth. My brain is in a far better place now.

This post is not mine, just sharing what "Been There, Glad To Be Done With That " posted earlier today - here is the link Post ID: @cy+1k8s4d0wm

https://news.bloomberglaw.com/employee-benefits/bny-sued-by-former-employee-seeking-severance-after-termination

YouTube is undergoing a staffing shakeup as the company pivots to focus on artificial intelligence, offering its US-based employees voluntary buyout packages with severance.

The online video platform, which launched in 2005, is restructuring its products team for the first time since 2015, according to an internal memo from YouTube CEO Neal Mohan, as parent company Google‘s CEO Sundar Pichai has urged staff to embrace AI for increased productivity.

https://deadline.com/2025/10/youtube-offers-employees-voluntary-buyout-embraces-ai-1236602459/

Has Wells started reducing the severance amount? I’ve heard that they will no longer offer the 2 weeks of severance per year if service. If that’s the case, I’m out of here.

Grades 20-26
0-3 years 3 weeks
4-5 years 4 weeks
6-7 years 6 weeks
8-9 years 8 weeks
(Add two for each up until 26 weeks)

Grades 27-28
0-3 years 5 weeks
4-5 years 6 weeks
6-7 years 8 weeks
8-9 years 10 weeks
(Add two for each up until 26 weeks)

Grades 29 and up
0-3 years 11 weeks
4-5 years 12 weeks
6-7 years 14 weeks
8-9 years 16 weeks
(Add two for each up until 26 weeks)

Hope this helps someone.

With how things are going, getting severance might have been the better outcome.

Please?

For any of the PBEs that were laid off yesterday, can you share what your pay out is, if any at all? I believe staff is given severance and WARN if they qualify, but I am curious to know if non-renewed contracts are a potential loophole that they are taking to not pay out these employees.

when should we expect to receive our severance pay? I was told it was on the same schedule as our normal pay but have not seen a payslip on my info as of this morning

I don’t think that this is the end of the layoffs and I don’t want to stick around and be exploited by taking on the workload of the people who were laid off while having to fake being grateful about it. I want to know if it’s feasible to ask HR if they’ll let me volunteer to be laid off since they need to cut costs and I want a severance package exit.

https://www.bizjournals.com/sanfrancisco/news/2025/10/14/layoffs-wells-fargo-job-cuts-wfc-severance-expense.html

The San Francisco-based bank has cut almost a fourth of its workforce from a peak five years ago, and the bank is still shedding staff.

No point moving to Charlotte or NYC if they ask you to move. Instead take a package/severance and bail out because you may move and then let go in 6 months. No loyalty left or value for talent. It is all about cutting cost as promised to the board by Charlie and getting his Bonus before bailing out of Wells.

If you were let go yesterday so you get your 401k match or bonus? I almost think they did it yesterday so they don't have to pay those 2 out. Thoughts?

Some people are eligible for the annual bonus and others aren’t. Does anyone know why?
As for the Warn notice, aren’t they supposed to pay extra for this?

Please be kind I feel d-mb for not quite understanding this. So Warn act gives me 13 weeks till Jan 30th but where does severance come into play? Does it start right after the 30th? If it’s 2 weeks for every year I should be getting 8 weeks. And the there is this whole business with signing the agreement in a “timely manner” and they will give an additional weeks pay?! The email from HR with all the docs was a bit confusing

If layoff notices go out in Nov, does that mean layoff date falls in 2025 or January of 2026? For the severance check, will there be a little tax reduction in 2026 due to higher standard deductions and inflation-adjusted tax brackets?

If you have, please share what the package looks like, if that’s okay with you.

What does the package normally consist of?

I’ve heard rumors of 2 weeks per year of service.

STI

Cobra insurance.

I can’t change what’s happening but I can plan.

Layoffs were announced today. Affected employees have a month of employment remaining before being terminated.

If we're laid off as fully remote, what if the WARN Act isn't added into our severance? Is there anything that can be done? I've heard about the class action lawsuit last year from a remote worker laid off last year who was working in CA but managers/work location were in NY and they didn't get WARN Act pay applied to them because they were remote. I think I'll only be getting 4 weeks severance if that's the case.

Are remote workers who don't live near LA/NY office just sc--wed because of some loophole for being remote?

Curious if it’s the standard 6 weeks + 1 week per year of service or something more generous due to the sheer scale of this round?

I heard they got 90 days and will be paid until 1/26.

I feel like we got sc--wed. I bet their severance packages were more generous as well.

Let’s stop acting like these leaders and TGT actuallly cares. Amazon is supposed to be more brutal and not give a 💩 yet they took care of their employees.

TGT care, grow, win is a LIE.

I am 99% certain I will be cut. Can getting an attorney help with anything or I just have to sign? If yes, please recommend someone, I live close to the lot.

I remember being told prior to 5/1 that boxes would be sent to our laptops. I haven't received anything. I'm considering selling it. Who has sent a laptop back or can it be sold?

Is anybody else really, really worried about this?

What are Dell paying out for Spain? Are they caping they payment at 12 months or is it more

If you follow Cisco LR blue print over many quarters, notifications are always next day to the earning call, which is Wednesday, Nov 12.

Earnings Nov 12
Notifications Nov 13,
Exit date Jan 13.

Collect your severance and retire happy.

Can the laid off employee “convert”/ buy the same coverage directly from insurance company that Target was using? Has anyone done this in previous layoffs? The advantage would be no medical test or other hassles and a plan that should be reasonable

For those affected: your line manager will schedule a zoom meeting with you tomorrow morning, and will give you the news one-on-one in that call. There is a rough script they will have to follow. They will tell you about when your last day is (depends on WARN status, etc.), your STIP status (if any), and a little about your severance. They will answer any questions they are able. For any that they cannot, they will refer you to your HR rep. You will then get an email from HR almost immediately after you have had your call with your manager with further information and confirming everything you’ve discussed. Your manager is supposed to send out meeting invites first thing in your working day.
source: ppt deck and instructional/guidance call between HR/managers who need to conduct layoffs tomorrow.

Bumping this from @a9+1k8p3b1g7 for important info.

I got email.

So I just sign right?

Newer people to the corporate world might not know this, but often times a company will ask you to sign a document to get any sort of severance that releases the company from any liability, blah blah blah. Has anyone laid off been asked to do this?

If so, it likely makes sense to at least run it through an LLM first, and post it here. Knowledge is power, and sharing it with others can only help everyone.

These things often force employees to agree to non-disparagement, maybe even a non-compete, or other legal waivers of things like suing the company for (for example) age discrimination.