#severance

Has severance remained the same or have there been any changes?

Or maybe can point me to where I can find that info?

We lost too many folks lately to quitting. Why are you doing this horrible leadership favors? They're overjoyed whenever anybody leaves because that means they save money on severance. Just wait it out. At this point, it's a matter of time before most of us are laid off. Which means that you're losing out on severance by walking away.

The Vermont Packinghouse, a meat processing facility, is being sold. Its current owner is The Walden Local Meat Company. Approximately 53 employees were notified of layoffs and given severance. A new owner with industry experience plans facility upgrades and expanded cold storage. The state was notified, and the Department of Labor will assist with job placement.

North Springfield, Vermont

https://www.wcax.com/2026/04/21/springfield-meat-packing-facility-sold-53-employees-laid-off/

Lot of management favorite employees were RIFed.
They got good severance packages.
Were rehired back as consultants @ $100 per hour rate.
Some middle management managers are playing this game.

What happened to management doing the right thing and being transparent when potential reorganization was in the mix? After more than a decade, I recently retired only to find out that my position was changing and becoming 2 positions. Had they been transparent, a severance package would have come my way - nope. They stayed silent at my expense. Made me remember it’s only a job - and I cared more than management did. Has this happened to anyone else?

This is for non-PayPal folks, if you are reading threads please skip. It is AI generated based on today's discussion, the summary is for Journalists and Social Posters so we can spread the word in a unified way. We cannot change what the execs are doing but we can still spread the word and at least have some people be aware of what's being done to the worker:

===========
## PayPal rumor digest - April 20-21

Consolidating what is being repeated across threads:

• This does not look isolated to one org or one country. Reports are pointing to US, APAC, EMEA, Ireland, and possibly Spain. Main threads: @OP+1kpnme7ft, @OP+1kppctqsc, @OP+1kppjaw72
• The main warning sign seems to be the "Important Business Update" invite: @OP+1kpnme7ft
• Specific claims from that thread include an entire team of 40 being let go @a2+1kpnme7ft, US remote meetings @a5+1kpnme7ft, and US hit with severance of 10-26 weeks @d1+1kpnme7ft
• Locations / orgs mentioned include NA MTS @a6+1kppctqsc, North America + APAC @aa+1kppctqsc, Crypto in Guatemala @aq+1kppctqsc, and Spain office activity @dn+1kpnme7ft
• Ireland keeps coming up via linked reporting and local process discussion: @c6+1kppctqsc, @a8+1kpnme7ft, @a9+1kpnme7ft, @105+1kp93ywqj, plus consultation process comments @b6+1kpnme7ft and @b9+1kpnme7ft
• On numbers, there is no consensus. Estimates range from 25-300 @ak+1kprdja02 to 5000+ @aj+1kprdja02, so take all headcount claims with caution
• General sentiment is that this is another round in an ongoing pattern, not a surprise one-off: @OP+1kprh0pdk

After last day of employment after riff when should severance payment arrive?

Word on the street from a credible source is that tomorrow they will announce the location cuts and on Thursday is when the top 10% highest base pay employees will receive their severance email.

Never understood why they make their cuts based on pay, when your top performers are the ones who are paid the most for a reason.

but is it possible to negotiate your severance? Do we have any leverage in the whole process?

I have more than 15 years of service but am in my 40s. Alight gives me the following info when I calculate my lump sum:

One-Time Lump Sum

No payment to your beneficiary.

If married, your spouse must consent.

To choose this option, you must take all of your pension benefit(s) as a lump sum. Does this mean I cannot get a lump sum when I resign?

“This option is only available to you upon termination and at your Normal Retirement Date, or immediately upon separation if later than Normal Retirement Date.”

Been hearing that since I’ve been with the company for 10+ years, I get two weeks of severance for every year I was employed? Is this true? If so, I heard WF has a procedure in place to actually help keep you from collecting on this severance if you start working for another company within a certain amount of time? Is this true?

Can anyone who has been ISP'd tell me the severance differences between the VSP and being ISP'd? My position is about to be terminated. I was offered the VSP but didn't take it because Im nowhere near retirement. I know the VSP offered 2 weeks per each year worked. Does the ISP work the same, or am I going to be shorted severance because I didn't take the VSP? Trying to figure out my life after giving 18 years to a place I thought I was going to retire that has turned into a complete dumpster fire.

I would like to know how soon to expect what we are owed.

Forgive my ignorance, but this is my first layoff, so I’m not really sure what the procedure is. This is what I’ve gathered so far:

We will receive the WFH email on Friday. Then on Monday morning, those being laid off will receive an email. Within 15 minutes, their system will be locked. After that, they will receive 2 months of paid leave and after that severance, which is correlated to how long you’ve worked at Nike.

Just trying to prepare as needed since this market is awful.

Rumour mill to confirmed that managers M2/M3 are being asked to drop to IC level. Rumor from my M5 level buddy is that the plan is to PIP these folks quickly and work them out without severance. The belief is that most won't be able to show value as IC4/5 if they have been managers for a few years quickly. Saves the company a boatload on severance costs. Also a downgrade might help a few quit themselves again saving seperation costs. The later is already happening in some offices.

SAIT is cutting 30 permanent faculty positions in 2026. The institution faces serious financial challenges. These include a decline in international student enrollment and a provincially-implemented tuition cap. For non-unionized employees, a layoff is typically considered a permanent termination. Affected staff may be owed significant severance pay based on common law entitlements.

https://stlawyers.ca/blog-news/sait-layoffs-severance-pay/

Anyone factually know of the enhanced severance details? I know someone who was laid off a year or so ago and after 12 years they got one months pay and silently finished there two weeks.

I hope it’s better than 1 week a year and some bogus outplacement service.

To age plus years of service equals magic number for full retirement. Employees will retire without an exit severance pkg.

Please share info on severance. I'd just like to know if there have been any changes (reductions) compared to previous rounds.

Dear Team,

Today we are announcing changes that will impact approximately 1,000 team members at Snap, including 16% of our full time employees, in addition to closing more than 300 open roles. This is an incredibly difficult decision, and I am deeply sorry to the colleagues who will be leaving us. You have made important contributions to Snap, and we are committed to supporting you through this transition.

Last fall, I described Snap as facing a crucible moment, requiring a new way of working that is faster and more efficient, while pivoting towards profitable growth. Over the past several months, we have carefully reviewed the work required to best serve our community and partners, and made tough choices to prioritize the investments we believe are most likely to create long-term value. As a result of these changes, we expect to reduce our annualized cost base by more than $500 million by the second half of 2026, helping to establish a clearer path to net-income profitability.

While these changes are necessary to realize Snap’s long-term potential, we believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers. We have already witnessed small squads leveraging AI tools to drive meaningful progress across several important initiatives, including Snapchat+, enhanced ad platform performance, and efficiency improvements in our Snap Lite infrastructure.

If you are part of our North America team, please work from home today. In the US, impacted team members will receive an email notification within the next hour, including information about next steps. For non-US locations, you will receive additional details about next steps from leadership and HR.

To our departing colleagues: thank you. Your hard work has helped shape Snap, and we are deeply grateful for your contributions. For U.S.-based team members who are leaving, we will provide four months of severance, healthcare coverage, and equity vesting, along with career transition support. Outside the U.S., we will follow local processes and seek to provide comparable support aligned with local norms.

To everyone continuing on this journey: change of this magnitude and at this speed is never easy and it will not be seamless. Thank you for your resilience, compassion, and commitment to one another, and to the community and partners we serve. Our responsibility is to move forward with clarity, empathy, and determination as we build a faster, stronger, and more durable Snap for the long term.

Evan

It would have saved quite a few jobs, I believe, for those who wanted to stay. I know for a fact I'm far from the only one who'd be happy to take severance and run. It's a win/win, so I really can't understand why it's never an option. I know plenty of other companies that offer VOB.

Disney initiated a new round of layoffs under CEO Josh D'Amaro. Severance packages are determined by employee level and company tenure. Payouts range from four weeks to 52 weeks of pay. Some departing staff also received prorated bonuses and health coverage. Disney's severance structure differs from other recent media company offers.

https://www.businessinsider.com/disney-layoffs-severance-employees-marketing-team-josh-damaro-2026-4

My friend at HQ was just impacted. He was JG 16 and he said they wanted him to sign a "mutual" separation form. Then he could keep his Stock options, but get NO severance. He has 20+ years with the company - this is so crazy. So 3M is going cheap now? Does anyone else have more information on how 3M is now doing separation packages?

I'd rather take a package than have to go through this over and over again. I'm being very serious. This place used to have job security. What happened to that?

Day & Ross USA is laying off 149 employees across multiple locations. One hundred of these job cuts are at its Hamilton, Ohio facility. The layoffs are effective May 30. The company stated it lost a customer contract. Affected employees will not receive severance pay.

Hamilton, Ohio

https://www.wcpo.com/news/local-news/butler-county/hamilton/hamilton-transportation-company-to-lay-off-100-employees

The practice of “quiet cutting” is an old practice with a new name. It involves employers reassigning workers to new roles in hopes they will eventually quit so the company saves the cost of severance. SF is trash!

Stay away from the sh-t hole! These are completely evil people that will lie, cheat and steal at any cost to destroy you. Every word that comes out of their mouths is a lie and con. Stay away from SF!

Per the proxy statement I received today, it looks as if Sampath received a 7.2M cash payment at separation. Wow.

Their layoff date is 04/27/2026, next Monday. Beyond that, no information has been provided to employees including managers about what will happen next Monday. The last calls will be transferred back to FT, the employees have been told that they will work on finalizing any outstanding work items.

Details of severance? Not yet. Any word about COBRA? Not yet. Will Monday be a full day? Probably not, but why give employees being laid off anything that might allow them to plan, such as when last checks will be issued, when will severance checks be issued. They still have a whole week to figure it out. Financial obligations of employees still need to be met, regardless.

Reading the Severance Policy from the employee handbook is not the same as confirmation from FIS for each employee. Let's keep the tension wound up until the last possible second!

My last severance paycheck will be May 8. Anyone know if insurance stops the day after or does it stop May 31? I have heard if you work at least one day in a month then leave, your insurance is covered until end of month. Wondering if same applies for severance ending.

Anyone recently gone/currently going through redundancy in the UK?

If you've had your consultation meet was the pay offer statutory, VZ typical enhanced (month a year up to 6 months) or somewhere in between?

Anything else interesting that could help please?

So, here’s the situation: Other teams have actually been pulling work away from us, thanks to all the AI fears, restructuring, and process simplifications. Our MD is super hands-off, and now we’re averaging under two hours of work a day. I have no idea when layoffs might come, and I’m torn: Should I start job hunting now or wait for a package? I’ve been here long enough that if they let me go, I’d get about six months of severance. Maybe I’ll do both—keep an eye out but hang tight. Honestly, the light workload is kind of nice, but it’s also making me anxious—I haven’t been sleeping well at all.

Anyone know when the expected employment end date is for people who take the voluntary severance? The communication gives a July 31st assumption but says the real date will be given in May.

In the document they gave me they said it’ll take 1-2 pay periods to process and be delivered into your bank account but I’m seeing cases on here where people are waiting a few months out and still haven’t gotten it. Are these outliers?

How does a company justify not paying severnace even though they are making headlines for record profits? Do you think the 5 digi severnace they give is that hard?

I got laid off January and still waiting on severnace

The job was a dead end anyway. Severance is decent, I've got savings, and I can afford to give myself a well-deserved break for a few weeks before I start looking again. I'll find something eventually. No point in stressing. Good luck to everyone still there, and always keep an eye out for something better.

Would be grateful if anyone's comfortable sharing what they know.