Thread regarding Comcast layoffs

Is this still the severance policy? Company wide?

This is what is on docs in myBenefits

HOW THE PLAN WORKS

You are eligible to participate in the Plan if you are a full-time regular employee or part-time regular employee of Comcast Corporation (or one of the subsidiaries of Comcast that has adopted the Plan) employed at the level of Senior Manager, Manager, or Supervisor or as a Non-Management Exempt Employee (each, an “Employee”) and have experienced a “Qualifying Termination”, as defined in the plan

You are an Employee and your employment has been terminated by your Employer as a result of a position elimination, reduction-in-force, outsourcing, or Transaction, as determined by the Employer, in its sole discretion (an “Eligible Employee); and

You have neither accepted an alternative employment postion with a successor, subsidiary, or affiliate of your Employer nor received a Qualifying Employment Offer

If you are terminated for cause, due to death or disability, or voluntarily resign, even in circumstances where a Qualifying Termination has been announced, you will not receive the severance benefit. Your severance benefit payments commence as soon as administratively feasible following your separation from service and your execution of a written document provided by the Employer including a release of claims and other terms and conditions determined to be necessary and appropriate by the Employer.

AMOUNT OF BENEFIT

Scheduled Severance Pay: If you are eligible for severance under the terms of your Plan, your cash benefit will be in the form if severance salary continuation for a defined period of time. As set forth in the chart below, the exact duration of the severance salary continuation ranges from 6-16 weeks of certain salary amounts depending on your salary (or, in the case of ABBR-eligible employees, depending on your ABBR) in effect immediately prior to the Qualifying Termination.

Less than $50,000 - 6 Weeks
$50,000 through $74,999 - 8 weeks
$75,000 through $99,999 - 12 weeks
$100,000 through $124,999 - 14 weeks
$125,000 and above - 16 weeks

Service-Based Severance Pay. In addition to the Scheduled Severance Pay, if you have been in continuous service with the Employer for more than 3 years, you will receive an extra benefit equal to one week if severance salary continuation for each completed year of service beyond 3 years.


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| 115 views | | 12 replies (last 19 days ago) | Reply
Post ID: @OP+1m5kkjey0

12 replies (most recent on top)

@bf how many years were you at the company?

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Post ID: @gh+1m5kkjey0

@dg

Dozens of people at my hourly level have gotten laid off since I've worked here. It's always a week for every year worked. When I got laid off in 2023 (I got rehired laterally before the final date) - it was the same deal. One week per year. All these posts about more I just assume will not apply to my level if my number is called again.

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Post ID: @dm+1m5kkjey0

I just realized based off salary it may be far less or possibly nothing at all if youre hourly. The numbers I ran is for someone making over 100k. Idk it's different for everyone its not the same across the board. So if you're making around 50-80k maybe you get 4 paychecks? And then a handful more for every year assuming you reached the threshold of what iv been told is 5 minimum. Dont quote me here I'm assuming. It could very well be 0 for many.

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Post ID: @dg+1m5kkjey0

@cy "exempt" employees are those that aren't subject to minimum wage / overtime regulations. Usually (but not always), that simply refers to salaried employees (vs hourly employees). So, if your paycheck is governed by timeclock punches and can receive overtime, then you are likely not covered by the severance policy. If you are salaried, then you likely are covered by it.

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Post ID: @d7+1m5kkjey0

Non management is people below manager on the totem pole

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Post ID: @d4+1m5kkjey0

@cv What does "non-management exempt employee" mean?

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Post ID: @cy+1m5kkjey0

It would seem this applies to those employed at the level of Senior Manager, Manager, or Supervisor or as a Non-Management Exempt Employee

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Post ID: @cv+1m5kkjey0

I was there from 81 to 2008. 44 weeks pay. Chicago advertising, Spotlight

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Post ID: @ct+1m5kkjey0

I was let go earlier this year, got 22 weeks. when that ran out i filed for UI and it was approved at max amount. while it's not much, it helps while i keep looking for a job.

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Post ID: @bf+1m5kkjey0

For those who have been laid off, how long do you keep insurance?

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Post ID: @b8+1m5kkjey0

@a1 I made a typing error. Its 1 extra week for every year of service assuming 5 years or more tenure. So for example 10 years of service. Is 12-16 weeks or 6-8 paychecks(which are taxed,remember we are paid bi-weekly) and 5 extra paychecks for 10 years. So around 10-13 paychecks total. Unless they've changed it.

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Post ID: @a4+1m5kkjey0

The severance is heavily taxed. You will get about 6-8 paychecks and 1 extra for every year of employment. Assuming youve been with the company over 5 years. Get what you can. Thats if they dont change it. Idk. Unemployment you should be able to get max out which is like 10k in most states before taxes. After maybe 5k. My buddy got the 10k and it helped cover expenses for 2 months in total Its something. He was denied an extension though.

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Post ID: @a1+1m5kkjey0

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