In a comment on a post of November 20th "Layoffs started in Toronto office...", somebody wrote that they were informed on November 18th about the termination on January 23rd, and that the package was "not like old times". Any information on the new terms of the package?
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They also targeted people that made overtime under officer roles especially seniors. Not all but alot. There is a reported blood bath coming in january for march. Oh and they cut your bonus of your laid of to 25 percent of it even if you worked the year.
Yes it su-ks. I was part of it from the North America.
2 weeks for each year of service up 52 weeks. Cobra for 18 months there goes 2 grand a month.
All other benefits you pay for if you want to keeps.
I was there 17 yrs, built the global onboarding process and the hired younger person to replace me. Age discrimination written all over this. I have a lawyer.
MD, SVP and above.
@c9 wonder what’s considered upper? Managing director?
@bx The rule of "2 weeks pay for a year of employment" is NOT NEW. It has been in place for years.
I don't know if the compensation terms were different in the "old times".
For most workers it is 2 weeks per every years you been there.
Now for certain upper mgmt job titles it is 3 weeks per ever year you been there.
You can get the info on ghr website because itll be country specific. But for us its 2 weeks per year if service.