#severance

Check these out on your own. If you think it is worth staying because of a massive payout, think again.

---> Expect ~40% to disappear instantly via "sell-to-cover" on the day the RSUs vest.

----> Anticipate an additional tax bill of roughly $20 to $33 for every $1,000 of gross RSUs vested.

Choose your future wisely. Go look this crud up yourself.

Posting because people say "kick back and let everything just increase with RSUs and ESPP". RESEARCH THESE YOURSELF.

Bullet points...

Under Cisco’s standard severance agreements, Cisco typically accelerates the vesting of RSUs that would have vested through a specific forward date (often the next major vesting milestone or up to a few months out).

The True Tax Cost: 25% to 50%+ (Based on your total annual income)
When these accelerated RSUs vest on your termination date, they are treated exactly like a cash bonus (supplemental ordinary income). You are taxed on the Fair Market Value (FMV) of the stock on the day it vests.

Because the federal government mandates a flat 22% withholding for RSUs, you will likely owe extra tax at April filing time if your total annual income puts you in the 24%, 32%, 35%, or 37% federal tax brackets.

Employee Stock Purchase Plan (ESPP)

Option A: Disqualifying Disposition (Held 2 years from offer start AND > 1 year from purchase date)

If you have held the shares past both milestones:

Ordinary Income Tax Rate (12% to 37%): You pay ordinary income tax only on the lesser of: the actual profit, or the 15% discount based on the stock price at the start of the offering period.

Long-Term Capital Gains Rate (0%, 15%, or 20%): All remaining profit is taxed at the much lower long-term capital gains rate. For most tech professionals, this rate is 15%.

Let the games begin.....

Game rules

1. Get employees to resign
   2 employees get “ZERO SEVERANCE “
   3 Reread rule 1 & 2

I don’t know what happened to phases 2 & 3, but the ER page says it’s being removed from JonesLink 6/3 and refers viewers to a Separation Hub which only addresses the VSP/ISP stuff.

I heard contradicting statements on whether we will continue to get severance even if we join else where.

Groupon, Inc. announced a restructuring plan to become an AI-native company. The plan includes reducing up to 400 positions globally by the end of the third quarter 2026. Pre-tax restructuring charges are estimated at $7 to $13 million, primarily for severance. Annualized payroll actions are expected to generate $20 to $25 million in cost savings. Groupon raised its full-year 2026 Adjusted EBITDA guidance to $75 to $80 million.

Chicago, Illinois

https://www.stocktitan.net/sec-filings/GRPN/8-k-groupon-inc-reports-material-event-1ecafd00d145.html

I know the paper work says up to 60 days from the time it's requested. Im just asking if that is the norm or is it usually faster from folks who have taken this option.

allowed to come back to work at VZ. Anyone else heard this?

The VSP and enhanced severance employees in 2024 were not supposed to be re-hired

Is there any advantage to informing HR about retirement plans ahead of time? With the possibility of layoffs and severance packages at Bank, I’m unsure whether I should let HR know that I’m planning to retire in July. I would also be eligible for a half-year bonus since I have 10+ years. Could notifying HR about my retirement plans affect my chances of being included in a layoff or receiving severance?

Parkhurst Dining will permanently close its Kenosha campus operations. This closure follows the termination of its contract with Carthage College. The company will lay off 160 workers. Operations are set to cease by July 3. All affected employees have received permanent separation notices.

Kenosha, WI

https://patch.com/wisconsin/across-wi/160-workers-lose-jobs-after-dining-company-loses-carthage-college-contract

Do the math! Redundancy costs and also staff decreases are in the notices. If you average it out it’s a lot more than most people are getting. What gives? Obviously there are a few people who are getting paid out a big fat wad of cash while most of the rest are getting paid peanuts.

I’m currently pregnant and was recently laid off. I was wondering if anyone here has been in a similar situation and tried negotiating their severance package. Just trying to understand if companies are generally open to reasonable discussions, especially around healthcare coverage or severance duration.

Anyone out there RIF'd in November, but also happened to be retirement eligible? How was that handled?

Curious if anyone during any round of these layoffs did not take the severance and sign the separation agreement and if so, what happened and where do you stand now?

Mint Video: Inside Meta's Mega Cut https://www.youtube.com/watch?v=Eozugxg3DtY

Unfortunately, your role has been eliminated as part of today's reorganization.

As a regular employee, you are eligible for the following severance offer:

Severance payment of 16 weeks, plus 2 weeks for every completed year of service, minus your notice period.

We know this is especially difficult for employees whose visa and work authorization are sponsored by Meta. The alumni portal has general immigration guidance to help address immediate questions.

Your badge has been deactivated, and your access to internal Meta systems will be removed this morning. If you are already in the office, please gather any personal items at your desk and head home.

We are grateful for your contributions. Your impact at Meta has been an important part of our story.

Sincerely,
Meta leadership

• These are the key excerpts from an email that thousands of Meta employees received. The email, obtained by Business Insider, landed in inboxes at 4:00 a.m. on Wednesday as Meta began cutting nearly 8,000 jobs, roughly 10% of its workforce.

Meta described the layoffs as part of its continued effort to run the company more efficiently and said the cuts would help offset major investments, especially its AI push.

The cuts come as Meta sharply increases spending on artificial intelligence infrastructure. The company has forecast capital expenditure between $125 billion and $145 billion this year, more than double its 2025 spending.

For employees on visas, such as H-1B workers, the uncertainty is especially severe. They may have only 60 days to find a new sponsor or leave the country, even as the tech job market remains difficult.

Did anyone else affected by the Intuit layoffs who is IPI eligible get a severance letter that includes the number of weeks of severance and COBRA info, but no specific dollar amount of IPI listed? Some of my colleagues had dollar amounts included (which were of course lower amounts than they typically get), but my letter only generally referenced if you are eligible for IPI it will be paid out with your final paycheck. I think they are going to sc--w me out of my bonus?

Did uk and Australia had same package or 16 weeks was only in us ?

Meta management was so professional in reducing workforce.

Direct RIFs. No Cognizant kind of gimmicks.

Immediate termination. No KT required.

FIS management is playing games with employees.. some given severance, some transferred to Cognizant to be eventually riffed.

I don't know where to go from here.

Those of you laid off, what are you doing for Medical Insurance?

With the healthcare.gov marketplace prices having gone up significantly, as well as COBRA cost on the individual end's increasing - what are you doing for insurance / paying a month for Medical Insurance?

Lowest monthly premium on healthcare.gov is $200 or so higher than COBRA in my case, so i guess COBRA is the way to go in my case while severance is still being paid.

COBRA is tough though, if you cancel the month prior to severance ending to avoid paying for COBRA at full price and you are not in the Enrollment Period - you go without insurance for a short time until you can enroll?

What a joke the whole concept is honestly. Getting the shaft from multiple angles so wondering if anyone has thought this through.

Health share? Insurance less? Finding any job with benefits to avoid paying full premiums for medical insurance?

Let's hear your options all you titans of the Healthcare industry!!!

Severance payment of 16 weeks plus two weeks for every year of completed services, minus your notice period. Please see the cover sheet of the attached Separation Agreement for more details on this calculation.
Payment of COBRA (health insurance) premiums for you and your family (if they are dependents on your current plan) for 18 months.

OP: @ap+1ks3r72xt

Bumping this up for visibility.

I am an internal employee currently on job reassignment. I need a new position or the company will sever my employment. I demand to know when they will put back the jobs they removed.

Anyone could share reasonable requests that could ask to amend/appeal the terms of the severance? Much thanks.

Deloitte recently conducted layoffs within its audit division. These reductions affected employees, including senior managers. The layoffs occurred shortly before annual bonuses were scheduled. Affected individuals reported the process felt impersonal. One senior manager received severance and bonus payout.

https://www.goingconcern.com/layoff-watch-26-deloitte-auditors-got-bad-news-this-week/

Intuit announced plans to lay off 17% of its global workforce. Approximately 3,000 employees are impacted by this decision. The company aims to accelerate AI integration and streamline operations. Intuit is also closing key hubs in Reno, Nevada, and Woodland Hills, California. Impacted workers will receive a severance package including 16 weeks of pay.

https://www.fastcompany.com/91545602/intuit-layoffs-today-stock-down-job-cuts-citing-ai

Got laid off today with 2 months notices and 3 months severance. I was wondering , is it possible to join citi as contractor by Deloitte / LNT ? Or there is waiting time , need NOC etc..

Post if you know

I wouldn't have minded taking a severance package. Could have saved one of my teammates who I know couldn't afford to lose his job, and he did. I'll never understand why a voluntary round isn't always offered before an involuntary one. Wouldn't that be a win/win?

Layoff email from Meta says:

Payment of COBRA (health insurance) premiums for you and your family (if they are dependents on your current plan) for 18 months.

From my friend I heard, Oracle is just paying 1m .

I know some people got laid off last month. I got laid off today. My official termination date is 6/3, so they gave me two weeks' notice. I will receive my severance pay twice a month, just like my paycheck, and three months of COBRA. I have been with FIS for over 32 years, so it's about time to retire. I knew the writing was on the wall after they transferred me to a new group last September and then shut down the project I was working on. It's too bad, as I enjoy working on that project. They said they will still contribute to my 401K in February next year. At least I got my severance pay, unlike the poor guys who got rebadged.

Have there been any changes since the last time?

Is there any one who hasn't received the severance agreement yet? I ask bcos a number of people have received it.

Does anyone know or has heard if there are changes to the severance package this year or recently?

• 16 weeks base salary
• 2 weeks per year worked
• 18 months of healthcare

I haven't heard anything on how they are handling RSUs. I know Cisco accelerated RSU vesting through August. Oracle seems to be the new low in employee severance.

Hearing rumors that some departments won’t see any RIFs, not because things are stable, but because the company supposedly can’t afford severance packages.

Interesting priorities considering there’s still money for multimillion dollar golf sponsorships. Something about that doesn’t add up.

Can someone please put so.e light when will receive the severance money for someone let go in March? I don't understand can't they just have a process or automated update? There is no response even if you write to HR..

I’m still pretty angry, honestly. Looking back on all the BS we’ve been expected to tolerate over the years, shame on me for believing accountability would ever exist at the top.

Remember the data breach? The ELT lied to investors, employees, and regulators. The company spent hundreds of millions in legal fees and hundreds of millions more trying to clean up the mess and get compliant. Did anyone at that level lose their job? Of course not. They still got their bonuses.

Then there was EverFi, a $750M acquisition that eventually turned into roughly a $400M write-down when it was sold off. Another catastrophic decision. Again, nobody in leadership paid any personal price for the failure.

Now we’re watching good people lose their jobs while roles get shifted to India, all while leadership positions themselves for one last payday if the company gets sold. They’ll walk away with tens of millions in compensation after years of bad decisions. The rest of us get 8 weeks severance and COBRA.

At some point you realize employees are just pawns in a game where leadership can fail upward indefinitely while everyone else absorbs the consequences.

Get out while you can.

Amazon will temporarily close its Port St. Lucie fulfillment center. The closure begins September 17 and will last two years for upgrades. This action impacts 850 warehouse employees. Amazon is investing $200 million into the facility renovation. Affected employees will receive severance, benefits, and job search assistance.

Port St. Lucie, Florida

https://www.wpbf.com/article/amazon-fulfillment-center-in-port-st-lucie-to-close-for-2-years-affecting-850-employees/71341940

Anyone knows severance information?

General Motors recently laid off 500 to 600 employees. These job cuts primarily affected information technology roles. Affected employees were largely located in Austin, Texas, and Warren, Michigan. Artificial intelligence played a role in the company's decision. GM offered severance packages and career support to the impacted workers.

Austin

https://www.msn.com/en-us/money/companies/laid-off-gm-employees-tell-of-ominous-email-severance-and-role-of-ai/ar-AA231HLA?cvid=6a0466f468f947e78a1f45a3db8de24d&ocid=hpmsn