#severance

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?

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?