#severance

You’re seeing more and more AEs talking about PIPs on the rise. Not because performance suddenly tanked, but because targets quietly drifted into fantasy-land and Dell doesn’t want to pay severance.

After years of top performance and multiple company awards, being labeled a ‘low performer’ during a severance call was surprising and discouraging. The lack of appreciation, combined with sudden goal increases and new write-up policies tied to severance eligibility, made the process feel more like pressure than professionalism.

I have sent in my paperwork. There is no phone number to call. Email to alumni@xerox.com goes unanswered.
Can anyone assist.

Asking for a friend. What would be their response?

AI promises were made that it’d save TONS of $ and it has not. Now is the time to pay the piper and there are shareholder expectations to be met. They are expecting lots of cheddar on the promises made. So, you have to recoup that money from somewhere.
Lay people off + a reduction in force by way of attrition. Turn up the heat, pile on the work and watch people leave which is a big win so that you don’t have to pay out severance.

The best part that is that Jane still gets her extra 20+ million $ bonus….again. As far as Citi upper echelon is concerned, all is right with the world.

they are silently reducing people and giving out severance packages already. More to come. Before you ask me how I know. Go to your outlook and lookup “usrifsupport@thomsonreuters.com”. Then ask me again how I know and why I would be d-mb enough to tell you all. Not fear mongering but all I’m saying is just apply and keep your resume updated just in case because this isn’t TR specific and all organizations are downsizing due to AI.

What do we think the size of the pre Christmas layoffs will be ? It seems like the top ones are early in the year and mid year , or have they also hit it hard before Christmas to avoid paying the match ?

Anyone find anything interesting in the OWBPA document for their groups in the severance portal? I was surprised to see how many people in my group were affected and the band levels

here is as i preserved it:

Original post: Layoffs started today, targeting work from home employees.
Posted 25 days ago.

Replies:

• Someone with a manager friend said no employees were cut in India and the India office is actually expanding.
  (16 days ago)

A user noted that something mentioned earlier has been in place since September.
(20 days ago)

Several people expressed sympathy for those laid off and asked about severance amounts.
(20 days ago)

A worker warned that company laptops have tracking software logging keystrokes, emails, and online time, and that data is sent to HR.
(20 days ago)

Another person shared a link to a post on X.
(20 days ago)

Layoffs reportedly began in Dublin as well.
(21 days ago)

Someone questioned why another user thought Canada would be next.
(21 days ago)

A commenter said that unless you worked more than 5 years, you did not receive 60 days of severance.
(22 days ago)

One employee from Delivery said they were let go a week after starting maternity leave.
(22 days ago)

A commenter suggested people start job searching or take early retirement. They said no WARN notices were issued to avoid media coverage.
(23 days ago)

Another said that everyone’s computer now has Sapience monitoring software and that you should always appear productive to avoid being cut.
(23 days ago)

One aggressive user responded rudely to others, which was downvoted heavily.
(23 days ago)

A user called the CEO a puppet controlled by Clearlake Capital and compared him to Elon Musk.
(23 days ago)

Another user angrily rejected mandatory cameras and status reports.
(23 days ago)

Someone reported that Product and Sales teams took a big hit.
(23 days ago)

Another person confirmed that a specific employee referenced earlier is also gone.
(23 days ago)

A detailed personal story
One employee wrote they were laid off and said morale is at an all time low. They described mandatory camera usage and weekly work justification summaries as toxic micromanagement. They said the CEO’s leadership style feels insecure and that this is a good time to leave a sinking ship.
(23 days ago)

Another user said Clearlake took a terrible bridge loan and that D and B is now trying to slap AI features on products to impress investors.
(23 days ago)

Someone noted that with over 3 billion dollars in debt, layoffs barely matter and that business units may be sold next.
(23 days ago)

Someone believed Canada might be next for cuts.
(23 days ago)

A commenter said the President of North America was gone.
(23 days ago)

Someone claimed more cuts are coming in the new year.
(24 days ago)

Another confirmed about 150 layoffs in total.
(24 days ago)

One user said the place has become terrible and advised everyone remaining to update their resumes because more cuts are coming.
(24 days ago)

Someone criticized the CEO for being in Europe while layoffs happened in the US.
(24 days ago)

A user asked which departments in Canada were affected.
(24 days ago)

Someone said approximately 200 people were laid off in North America and that this will impact Operations.
(24 days ago)

Another asked what “bc” meant.
(24 days ago)

A person responded with “80”, possibly referencing headcount.
(24 days ago)

Someone said they were let go while physically in the office.
(24 days ago)

Another asked whether severance was given.
(24 days ago)

A commenter said they personally knew of three layoffs: a project manager, a DevOps employee, and an ITSM developer. Two were in the US, one in India.
(24 days ago)

Another said valuable employees were let go and incompetent ones kept.
(24 days ago)

Someone explained that failing to issue a WARN notice usually costs a penalty equal to 60 days pay, but if the company gives two months of severance, that effectively neutralizes the penalty.
(25 days ago)

Public sector teams also experienced cuts.
(25 days ago)

A remote project manager in Texas was let go.
(25 days ago)

Someone encouraged laid-off employees to update LinkedIn, reach out to their networks, and asked how the layoffs were conducted (meetings or phone calls).
(25 days ago)

Another detailed scenario:
Client Success employees in Center Valley were affected. Even though they were hired from that office, their cost center was moved to Harrisburg after an acquisition in late August. They believe this shift was used strategically to avoid triggering WARN notice requirements tied to single-site layoffs.
(25 days ago)

A user asked which positions at which locations were laid off.
(25 days ago)

Another said the fine for not doing WARN notices is small enough that the company can easily pay it.
(25 days ago)

Additional replies toward the bottom

Someone asked everyone who posts to include their department and position.
(25 days ago)

A commenter said they too were laid off while working from home in the US.
(25 days ago)

Another person said they were let go from CyberSecurity.
(25 days ago)

Someone believed that WARN notice applies when 60 or more employees are affected.
(25 days ago)

A user asked others what roles they were in.
(25 days ago)

One person said they were let go but saw no WARN notice for PA, FL, or NJ and asked how the company is avoiding it.
(25 days ago)

Someone wrote that their position was eliminated that day.
(25 days ago)

Another person said they were in the office when let go.
(25 days ago)

Another confirmed they had just been let go.
(25 days ago)

Just heard they are being offered VSP in Quincy. Anyone here from there who can confirm one way or another?

Anyone receive theirs yet? Just curious how long they will make us wait for it, being the holiday season and all.

Just wondering if those who are declining the VSP they are eligible for have a concern about being laid off involuntarily with less benefits.

1. Were you given the opportunity to retire, and collect your SERMA if you had one.
2. If you did the retirement route, did you also collect whatever weeks of severance that were being offered at the time.

I'm ready to retire after 30 years. I'd hate to wait for whatever package may be offered only to find out I'd be sc--wed out of my SERMA. I'd rather not pose this question to HR.
Thanks.

I work in NJ. I have been Riffed . On salary (and working) until 2/16/2026 plus severance for a lot of weeks. IF I take a job BEFORE 2/16/2025, will I lose MY severance? Someone told me that I will . I have NOT confirmed with HR, yet. Anyone know and is in the same boat? Kind of makes me want to hold off looking for a NEW job!!!!!!!!!!! SO UNfair if true!

Beware! The language in the severance plan is designed to silence you and whatever you have suffered under the WF new "management" style. Its all designed to cover up what they are doing and how they are doing it. Getting rid of long-term, loyal employees and then hiring outside the USA or worse.
Current management in this case is complicit in the overall scheme. They know who is buttering their bread, and frankly, its not the folks who've made the bank successful. Nope. Its the new team, those who came like locusts from other banks.....and who are now reaping bonuses for replicating where they came from. Yes! You guessed it, WF is not getting to be "leaps ahead", no they are just catching up. To jump ahead of the banking group, you'd have to have original, out of the box thinking. And ability to tolerate risk. All of which....the current leadership lacks. And given the brain drain, well then. I think we can all agree.....there is little upside from here.

1.) Will severance be forfeited if separation occurs due to transition to LTD?

2.) Will LTD be denied if employee on STD is even offered the chance to sign for severance?

My position was eliminated and I received the severance summary form. Am I understanding correctly that the severance offer "package" arrives on my last day and has to be signed by 5pm?

If so, how are we supposed to have time for an attorney to look it over? I feel stupid asking these questions, I've just never been laid off before.

Thanks in advance.

The pandemic lead companies to hire more employees to take advantage of Federal subsidies to keep employees working to prevent an economic crisis. When the pandemic employment subsidies ended the corporate wealth-fare stopped, companies started shedding employees hired and promoted to pad employment numbers and salaries to get more federal funding wealth-fare. That is why companies offered severances or laid off newly promoted non exempt supervisors and new hires or under performers because the profitable federal employment subsidies dried up.

I am trying to figure out how much severance I can get after 20 years of service. I have been hearing conflicting numbers. Someone mentioned max 6months. Is it true.?

Yes, I too have been hit by the recent RIF after 30+ years. Several of my upper management also got hit. Unfortunately, I believe the severance calculation sheet is incorrect. Don't sign until you know for sure. It is much less than what I was told and the numbers actually don't match salary and the cap of 35 weeks. I've scheduled an appointment with HR, but so far, they haven't accepted. Anyone else seeing this?

Has anyone else who has been laid off in NJ contacted an employment lawyer?

The notification itself suggests to do so, but I don't know ehere to begin. I have no illusions about retaining my job, but want t9 be clear on certain things. For instance, it sounds as if yo get another job during the WARN period (internally or externally) you might forfeit severance.

After 18 years here, all I can think about is being laid off. That's it. Just praying to be let out of this prison with a safety net. There aren't many available jobs, but I'm confident I'd be able to find something within a few months. I just don't want to do them a favor of leaving without them paying me to do so.

I'd prefer severance.

Anyone get a RIF package for the holidays? I know quite a few who actually want it, but they are hard to come by, not many people get the gift 🎁

If someone has received a RIF, what’s it look like in 2025, do they give you anything decent?

There is no box to put my signature in…

Not sure if it’s just me, but my severance calculation and agreement show 2025 STI as $0. Does that mean I would not get STI in Q1? Or is it that 2025 STI isn’t part of the “severance” and is instead just paid out in the normal course of my compensation? I have received STI every year since I started at Verizon

Has anyone heard anything about the severance package being cut in half next year?

After reviewing my Severance agreement and release document that finally came into our portal, it shows your severance amount at the bottom of the document.

However, for me, when I compare this amount to the Severance calculation worksheet, it uses the same amount that is shown under "state mandated pay requirement" & "final pay." Instead of the pay shown in the "Total Severance Pay" line item. I am in NJ. For anyone else here, does your service release form also show this discrepancy?

Do we have any clarification as to why our severance is the lower of the two amounts shown in the calculation (which is exactly 50% of the amount)? I've sent a request for clarification to HR, though I have yet to hear back. Curious if anyone else sees this or knows why. Obviously, we would all want the higher amount, but it is confusing why they were showing us two different numbers, and then on our release, it is using the lower amount.

I can’t find info on when we will get severance check.

What happens if I decline severance?

Maybe I want to keep legal rights. severance may require waiving claims.

Maybe terms are too restrictive. noncompete or gag rules feel unfair.

Maybe i hope to negotiate. first offer seems too low....

Maybe i want clean unemployment. severance could affect benefits??????????????????????

Fu--ing, maybe I feel rushed. i do not want to sign under pressure.

I first asked my supervisor here in Bloomington Minnesota and learned that on December 15th we shall be informed that our office is closing. Most of us are very happy to be laid off because we are all so done with this $chitt-hole place and are looking forward to the awesome termination package we get per our union contract. We get up to 2 years pay for those of us with over 31 years service. We're already celebrating! Sorry to the managers who only get a tiny fraction of what we union members get. Funny how we've all watched as all of our work, piece by piece, has become automated or off-shored - and we can only laugh about it.

The plan was to allow people to choose to move to Dallas and choose a home near HQ or south, where homes are slightly more affordable. Then move HQ ~26 miles north (which falls within the loophole for severance), adding another hour plus of traffic if you live near downtown Dallas. This will NOT be the only move that will be happening. other reporting locations near Dallas are also moving north.

Coincidently the company is aware of what demographics will be most disproportionally impacted. For those employees who live in south Dallas, this will put your drive (in traffic) to about 2.5 hours each way.

Could some of you help me with what I can actually expected to receive after my last date of 12/19 in Ga office? I see a specific amount calculated by my total comp divided by years of serviced and then multiple by two.

Will I receive any of the following in addition to that?
1) Vacation days paid out?
2) Current Stock together un-vested amount?
3) 2025 STI?

Thank you.

Just saw this movie and it’s about Verizon.

The gist of it is a company laying off employees and everyone is on the chopping block, even the ones who don’t expect it. And the ones who get let go get a small severance and struggle to find work.

I turned paperwork in for severance and my ticket got closed last month. I keep checking ADP site and still no indication of if I’ll receive a payment. Only thing I see is I can sign up for payments on a card. Will severance be paid out direct deposit or am I expected to sign up for a card? HR system is a mess with not being able to speak to a live person. Anyone else struggling to get through to HR for severance info?

From Verizon:

Severance pay calculation - The program formula: If you become eligible for benefits under this severance program, your severance pay amount is calculated using this formula:
Your years of service TIMES
Your weekly compensation
TIMES 2

My severance document is split into “State Required Severance Pay” and “Final Severance Pay” - it looks like they’re using the NJ WARN Pay as part of the severance instead of in-addition-to. That doesn’t seem right?

It is now new tactics to save money. Giving forced NS to senior person and lay him off without giving any severance package. Thus company is saving money.This is new trend in visa

We were supposed to receive an an email later Thursday with details on how to access the severence website, how ro register, etc. Myself and three other co-workers did not receive it. Reached out to leadership and followed thier recomendations, but that failed too. Now I have ro deal with HR Answers.

Everything here is broken.