#severance

I’m just curious, can anybody tell me how the severance pay works just for knowledge I was told the 60 days that you do get paid is the actual severance. And do you get the Christmas and annual bonus as well? How does all this works?

My ISP severance includes x# weeks for x# years, plus prorated bonus. Looking at paystub for this upcoming payday and it includes only the salary portion, no prorated bonus payout - is that paid separately (if eligible?)

Anyone have information on severance offer on the table, last round it was 4 weeks first year service then 1 week for additional year

The entire NOC was just let go. They gave us no severance at all. Just a thank you for your time and that's all. Ph--k this company!

One of the most important reasons Nike severance is generous - and will remain so - is based on a cold but practical consideration: there is a direct causal link between amount of severance provided and subsequent employee legal claims for wrongful termination.

Nike provides above-average severance not because they’re “good guys”, but because generous severance substantially reduces legal liability.

Suggesting that Nike will instead look around at what other companies are doing is silly. Nike has NEVER based its severance on what other companies are doing and they aren’t going to start now. Aside from that, Nike has already revealed it plans on spending close to $1,000,000,000 on separation costs. That huge sum doesn’t at all jibe with any narrative that Nike is suddenly going to reduce the amount of severance is has been paying as recently as a few months ago.

If it looks like I’m suggesting some people may not know what they’re talking about…it’s because that’s exactly what I’m suggesting.

@c9+1m45h0cp5 explained it perfectly.

What are the pros / cons of taking a lump sum payout for severance? It would be the max 12 months.

Get ready folks. Guessing most know what’s in store later this week. Layoffs and more layoffs! If you’ve been a bottom feeder this may be you chance to get a nice package or not. Go seent a previous post of SWN layoff dot com about the layoff tips and tricks. Saved some dignity for sure. Good luck, everyone. May the layoff not be with you and stuff.

Unconfirmed reports suggest Oracle is expanding a voluntary separation program for U.S. employees. This program could offer eligible staff six weeks of severance pay. The move follows significant workforce reductions in the past fiscal year. These potential cuts align with Oracle's expansion into data centers. The company has not officially confirmed these details.

Redwood City, California

https://finance.yahoo.com/markets/stocks/articles/oracle-layoffs-returning-december-buzz-050223693.html

Information Suppression via Confidentiality Agreements
When severance is paid out—whether during traditional restructuring waves or voluntary PEP opt-outs—information is tightly suppressed through legal agreements:
Strict NDAs & Non-Disparagement: To receive severance pay, employees must sign a separation agreement that includes non-disclosure, non-disparagement, and strict confidentiality clauses regarding their departure.
Liability Waivers: Payouts are contingent on workers waiving their rights to sue under statutes like the Age Discrimination in Employment Act (ADEA) or ERISA. Discussing package details or the circumstances of the exit publicly risks forfeiting the payout entirely.

Classification Shift: "Performance" vs. "Reduction in Force"
When a company executes a formal Reduction in Force (RIF), standard severance protocols (often 1 to 9 months of base pay based on tenure, plus healthcare continuation) apply. However, recent legal challenges and employee reports highlight a shift toward using performance-based separations: 
Forced Calibration & PIP Opt-Outs: Under calibrated performance systems, a predetermined percentage of employees are placed into lower performance tiers. Workers are often offered a choice: enter a strict Performance Enhancement Plan (PEP) or voluntarily opt for a modest, immediate severance package. If an employee enters the PEP and fails, they are terminated for cause—yielding $0 in severance. 
Sidestepping Pension Milestones: Federal litigation filed against the company alleges that forcing older or long-tenured employees into low performance tiers allows the organization to terminate workers shortly before reaching major pension or benefit vesting milestones, eliminating both severance and long-term benefit liabilities.

For the people who took the VSP. Did reporting your severance affect it and what state r u in

I still haven’t received my box to return equipment so I was a little surprised today to see my severance payment in my bank account. Hope this happened for everyone else.

Has anyone who accepted their severance agreement received their severance. This is for Oracle North America who were laid off on the September 14th? I saw some where that some people had received their severance before they shipped back their equipment. I have gotten the severance payment or the packing slip to send back the equipment.

They upped my COBRA slightly but won't move on anything else. For people who got more severance, did they move before your first deadline or only after first deadline? Did you go back and forth or just sit silent?

I really want out with a package.

I imagine like many of you I'm trying to calculate what the severance payout will likely be for the thousands of us who are facing down the likelihood of being laid off. I had an LLM summarize everything it could find on the previous threads here to provide a rough estimate. This would of course mean they use the same payout calculations as previously and I would say with the $1 Billion number that was included in the financial report that seems to be the case (it's not stated that all of that is for severance, probably about $800 Million of that is actual severance cost). NIKE at least provides one of the most generous severance payouts these days compared to most companies...small consolation.

Summary:

• Severance is based primarily on job grade and years of continuous service.
• It is not a simple flat “X weeks per year” formula. Instead, it is a grade + tenure matrix, where higher grades receive more weeks for the same tenure.
• Reported packages generally range from a minimum of around 4 weeks to a maximum of roughly 40–48 weeks.
• One frequently cited example for employees with 7–10 years of service was approximately:

Grade 20 and below: 16 weeks

Grades 25–40: 20 weeks

Grade 45+: 24 weeks

• Other reports suggest employees with very long tenure can reach the upper end of the 40–48 week range, depending on grade.

Other benefits frequently mentioned include:
• Around 6 months of continued health coverage/COBRA in some recent rounds
• Career transition/outplacement support
• PTO payout where applicable
• Possible bonus/PSP or equity treatment depending on timing and level
• In some cases, a period of continued payroll before the formal termination date

A few employees describe the policy as roughly “2–3 weeks per year of service,” but the more detailed reports suggest that is probably shorthand for the actual grade/tenure matrix.

The biggest takeaway: Nike severance appears to be standardized and formula-based, with tenure and grade being the biggest drivers, and packages generally capped below one year of pay for most employees.

Honest to goodness. I know the job market is bad, but I have a bully for a manager who's been making my life miserable. Add to that low (if any) raises and the cuts in benefits, and there really isn't much to keep me around. Give me severance and I'm gone. And I'll be happy about it.

For anyone who's already been through one of these layoffs, how long did you wait for your severance? I'm trying to get a realistic idea of the timeline.

Whats the severance package for folks being canned? Does anyone know?

There’s a viral Reddit post about a STT employee with stage 4 cancer who got terminated and no severance was paid out. Not sure I can link the post here but it’s on the /r/Boston subreddit. Can’t say I’m not surprised that the bank can stoop this low.

If you've received a severance, can you disclose how many years you were with the company, how many weeks of severance you received, and ballpark number on the amount? Just curious as to what details are looking like. Thank you for sharing!!

as far as I know over 30 people laid off, including me.

Have you noticed the large volume of 45+ layoffs at FIS? They are moving departments to Accenture and other third party firms or cutting 45+ aged personnel from teams. I was one. I know many. If you read Linked in, there is a continuous layoffs for 45+ where departments were not moved. They are sneaking around the mass layoffs at once with continued monthly scattered layoffs but can an attorney or firm investigate this process for discrimination. The severance forces us to be quiet but it shouldn’t be hard to gather data to research the discrimination. It was commonly noted by SF and her new senior executives the company work force was too old. Shouldn’t be hard to locate internal communications through discovery and list/age of layoffs the past two years.

Nike is currently making 636 k per employee and spendind avg 250k including benefits and bonuses. They need to get to 800k per. 300 mil severance don't expect the large ones like the past. Looks like a 4k cut and no bonuses

Historically speaking, we’re getting close to our annual layoff time. Anyone know what Align typically offers as severance?

Any CCV folks here?

Want to wish you all good luck with merge with Fiserv and hope you have active Works Council or Trade Union which will protect your rights, benefits and fights for extra severance pay when you are included in next mass layoff ;)

Genuine question. With layoff conversations happening beginning of 2027, has anyone had success with volunteering for a package in the past? How would one go about doing so?

Anyone one have any info on how many takers in FAA 1? Tried calling my local, but they are completely useless. They didn’t even post it on their website

Two employees outright fired today for non-compliance with the RTO policy. Company was well prepared with legal and HR. They had been warned twice, and apparently on their calls HR had a lot of data around badge swiping, interviews w office snitches, log in detail. Zero severance. Looks like then you get two warnings.

Be aware.

and did you report the severance? and did the severance affect your benefits?

Some wait for 6 weeks severance
Some people jumping off the ship while they have the job with better negotiation power with new employer.

Lowering personnel expenses has directly increases BNY's operating margin. Corporate severance expenses shrunk significantly from $240 million in 2024 down to $18 million in Q1 2026 and $6 million in Q2 2026. This aggressive reduction in internal structural overhead has cushioned net income even as active client transactions continue to stall.

That's literally the only thing keeping me at Humana. Everything else has gone to he-l in a handbasket.

From a good source equipment return boxes are delayed until after Q2 due to severance payments due upon receipt of Oracle equipment. Cash isn’t there during Q2.

Those of you who negotiated - how long typically from each ask until FactSet responded with their improved (or not) terms?

Starbucks announced plans to close approximately 250 North American stores on September 24, 2026. The company cited challenges in meeting customer-experience goals and achieving acceptable financial performance. Canadian locations are among those affected by these closures. Affected employees may be offered transfers to other stores or receive severance support. The exact number of Canadian employees impacted has not been publicly confirmed.

Canada

https://stlawyers.ca/blog-news/starbucks-store-closures-september-2026/

Hello friends,

If anyone was in the same position as me and was involuntarily laid off around 9/4, completed paper work around 9/12 and returned equipment and did not receive their severance on 9/25, I called HR and received the following answer:
It will take 1-2 pay periods before severance is received. So we will most likely receive our severance on the 10/9 pay date, which I am looking forward to. I will update you guys if anything changes! Best of luck to everyone!