I hope people impacted by the September layoffs are doing okay and will be back on their feet soon.
If you were one of them, what severance pay did the HR offer you?
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I got 60 days of pay with today being my last day to work. I will then get 3 months of severance in late November or early December. My boss told me the exact amount. I get 3 months since I make over 100k and only been here 3 years. 3 months is the minimum for people over 100k.
I am guessing I get another 2 weeks or so for unused and accrued PTO. If you meet the rule of 60 then you get vacation time through year end. I guess that isn’t much since we will still earn time during our warn period.
We don’t get bonus. We would have to be notified after 10/1 to qualify for some. Bull sh-t!!
@bj how about in Florida
@bn They guarantee 12 weeks of severance to employees earning at least $100k base salary, regardless of years of service.
@aw Not all states, mine does 60 days only.
There is no "offer". Separation terms are outlined in the handbook you already have access to.
@aw Spoke to someone affected yesterday. Seems like he got 12 weeks severance rather than 6 based on 3 years at citi
@aw the WARN payout ( non working pay) varies by state. NY is 90 days, but other states are 30 or 60, so not every US employee that’s laid off will have that thru Dec, depends where they live.
Standard policy is to pay 2 weeks severance for every year of work, but it caps at 1 full year of severance pay. So if you worked more than 26 years, you get at most 52 weeks of severance.
Also, if you were laid off as part of this Sept 16th wave, you will be paid as a "non-working employee" until Dec 17th when you officially separate from the company. You should expect to receive your severance pay 4 weeks after that (so 2nd week of Jan).
2 weeks for every year paid.