#severance

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?

Yes you heard it here first a high up manager confirmed.

Just wondering if anyone has received the severance packet yet? HR told me that they’ll mail out after 11/3 but I haven’t got anything in my mailbox yet

2026 will be bad.... we are headed to much trouble times - the economy and politics will suffer, the worker will suffer... make sure u got degrees and some certifcations. todays job market care more about culture fit, tests, 3-6 interviews and then ghosted?? i felt this pain alredy and the stress is unreal!

so when u get that meeting invite later today, manager there but hr left out cause it’ll be a surprise.. severance, COBRA, resume helper... nobody reached out to me when i was laid off, not even ppl i reported to, nothing!! nobody has ur back.. i realy hope u got family or friends like i did, cause when that call ends, u’ll see who really matters in life...

new views will hit u hard... no loyalty, no care, no two week notice.. all that they expect from us when we leave a company!!!

They will be reducing the corporate retail store footprint. Some stores will be converting to indirects. With that being said they will be offering Voluntary VSP’s and then eventually layoffs with severence packages. 100% accurate info. Announcements coming November 19th/20th

EmployeesVerizon has declared a Special Enhanced Income Security Plan (EISP) for the Potomac Region.
Eligible employees may receive:
A $40,000 supplemental bonus + $10,000 termination bonus
$2,200 per year of service (up to 40 years)
Waiver of age-based pension reductions and band acceleration
The volunteer period runs through November 25, 2025, with off-payroll date December 14, 2025.

https://www.cwalocal2108.org/

Per news article from Ignites, BNY cut 3400 staff in the past 12 months and paid out $250 in severance.

Also mentioned in the article that approximately 50% of staff are now based outside the US; before Robin this was 40%.

I know it was talked about with HC reductions but am a little shook my fault for not exploring the job market coming up to 10 years at intel, does anyone know details about severence packages that recently been laid off in Oregon? Is it the same as before?

Severed employee here who is nearing the end of my benefits. Considering COBRA for next year, amongst other ACA options, but wondering if anyone has any ideas on 2026 COBRA rates. I called the 'hotline' this week and they still do not have any ideas on rates stating 'call back mid December'. This is getting a bit too '11th hour' for my liking as I'd like to have some time to review options if need be prior to end of year when my WF benefits run out. Wondering if anyone else is in the same predicament and if anyone has any ideas on expected % increase of COBRA benefits compared to 2025 COBRA amounts.

I’m “assuming” for those who get cut, they’ll work until 12/31 and will get 2wks pay for every yr worked, healthcare coverage for same period and STI / stock vesting paid out?

Between unclear directives like the fact that we are being given an activity score but not told what makes up the score and things like we have to be in the office 8 hours but some days there are no seats I feel like all of us are being set up to fail. That way they can go through and remove anyone they want and make up some excuse. No severance because you didn’t meet unclear targets.

i’ve been reading about people being forced to train their replacements for at least a decade, but i never thought i’d end up working for a company that does it. when i started here a few years back it felt like there was a real culture of appreciation and opportunity.

this practice is disgusting and should be outright outlawed. no one should lose severance for refusing to take on something so unfair, unethical, and demeaning. severance should acknowledge past effort, not serve as blackmail to make sure an unqualified replacement can get by.

i had to go through multiple interviews to prove my skills just to get this job, and once hired, i barely got any real training.

as they cycle through teams, many can only document so much because creativity is often needed to solve problems. writing stepbystep instructions for every situation isn’t realistic. VZ also seems blind to how much these off-shore things exaggerate the abilities of their workers....sometimes outright fabricating them.

they rely on laid-off employees to cover that up by writing detailed guides. if they want to use a bargain-bin workforce, that’s their choice, but they shouldn’t expect people like that to be top-tier or capable in a crisis and we know how often we have them and there is more coming.

So to sum it up, not a bright story tho... Layoffs at D&B started last week, WFH folks got hammered the most... We dont have the final number, it's likely between 150 to 200 employees.

Dpts with reported hits are: Product, Sales, Delivery, Cybersecurity, and IT. There were some smaller cuts Dublin and there are rumots that Canada is next.

No WARN notices have been filed, this probably means that no more than 50 folks were cut at a single location. Folks with long tenures got decent severance, it su-ked for folks that joned recently.

The patterns continue, micromanagement, privacy invasion, mandatory cameras, weekly work reports, Sapience tracking software use etc. Big Brother is watching. Also, C-level continues to su-k ba--s and Clearlake Capital is calling shots... They are loading us w/high debt, they are milking cash flow, our AI is just stupid (heh) and customers are not stupid, so they are not buying it. Toxic culture reins supreme.

We'll VERY likely see additonal cuts next year, they will keep restructuring and selling asset.

Our teams just had a flash call,

Bob wants to move quickly and how,

An exceptional performer was told they have 3 months to look for new role at fidelity or negotiate severance.

All that after fidelity had net revenue profit of over 3.5 B.

Why are we ruining people's lives over holidays?

Given that we are at the latter part of the year, does anyone know if one's STI gets paid since we have already hit our goals committed for the year, even if that means a prorated rate, I don't know if that happened in previous RIFs around the same time period???

Cisco is jumping on the 2025 "AI-washing" bandwagon and will cut legacy roles and hire specialists. Total predicted: 8,500 jobs cut with severance of 6 months + stock vesting acceleration

Why?
The internal AI enshitification is in full bloom (employees realizing AI is bollocks)
Cisco's partner event last week was a wake up call (thoroghly underwhelming. Full of vapourware. snoozefest)

Cisco is pushing for a $2B annual cost savings amid AI restructuring.
the rumors are for 2,000-3,000 job cuts but a real possibility of 10% slash of their 85K headcount (8,500 jobs cut)

The numbers are looking weak.
FY25 revenue stagnated at $56.65B (flat YoY), with networking down 5% despite 6% product growth. At average of $200K total comp/person (salary + benefits) an 8,500 gutting would yield $1.7B in savings. This aligns with 2024 12% (9K) trim that boosted margins 2pts

EPS guidance signals a ton of pressure. Deeper cuts fund $1B+ AI capex while offsetting tariff risks.

which shall it be? 3k or 8.5k?

Just curious..... When you get laid off, does Verizon pay you for your banked time off or use it or lose it?

200 folks were recently laid off in Boise. Severance was OK. Not good time to lose job in Idaho, now you'll have 200 people chasing 2 open job positions. I am kidding, but really not, I am exaggerating, but really I am not.

Federal-Mogul laid off 80+ people in Boaz.

• Federal-Mogul Closure: Federal-Mogul Motorparts announced it will close its Boaz, Alabama manufacturing plant on September 25, 2025, impacting 82 employees.

• Economic Reasons: The company cited economic pressures as the primary reason for the shutdown, despite efforts to maintain operations.

• Employee Support: Affected workers will receive severance packages and outplacement assistance, according to the company’s statement.

• Corporate Background: Federal-Mogul, acquired by Tenneco in 2018 and now operating under DRiV, is headquartered in Michigan with facilities across multiple U.S. states and 13 other countries.

The Boaz closure adds to a string of recent layoffs in Alabama, including workforce reductions at Boeing Huntsville and AT&T Alabama.

I was laid off waited for the severance PTO bonus all that jazz and I couldn’t be happier. I am officially retired. I can now enjoy my life without all the Wells Fargo drama between Social Security 401(k) and other investments. I’m making more than I did at Wells Fargo I’ve been in many engineering jobs And Wells Fargo is nothing but a joke. I am really glad to be gone.

Traditionally RIFd folks get 1 paycheck for every year they worked. Folks who took VSP got 3 weeks. Would be nice.

I am beyond retirement age and I have made it known that I volunteer for a RIP package. Do you think anyone will pay attention? Save a young guy, RIF me!

Was hired less than 12 months ago from an external company. Wondering if this helps or hurts in layoffs. Do you still get 2 weeks severance or less?

Directors and sr. Directors are getting 30 months package for leaving the company. Others will get max. Of 12 months package