Anyone know? I would like a severance package to leave.
12 replies (most recent on top)
Yes, you can quit.
Others have said it but this could go very badly for you depending on your management.
We heard no packages would be offered in our area going forward
Unlike in years past, the answer to this is no.
Best advice is to keep quiet. Sure you may have great relationship with your supervisor or manager, but you have to be on High Alert that anything you say will probably be misunderstood or used against you. Do not believe the Corporate Nonsense about Candor and other Values.
I wish!!! I would get a year of severance and that would be great. Then once the dust settles I could be hired back at a higher salary!!
I wish so I could be put out of misery
Yes and No.
Depending on your working relationship and trust you have with your direct manager and their manager in your biweekly 1:1 or monthly 1:1, you could let it be known that you would be willing to take a package should a decision need to be made about eliminating roles and functions that are redundant. Example, downsizing from 4 Associates to 2 Associates.
I did this in my favor and because I dearly loved my coworker and peer. I had an excellent working relationship with my manager and leaders, as well as my peers. I requested that if a decision had to be made between me and another peer, that I would prefer to be chosen because she is only 2 years from SS Retirement eligibility and most importantly, it would be easier for me to find a job in my late 20s/early 30s during a recession as I am able to move to another city for a job and that she had roots that kept her in the area. House, grown adult children, grandchildren and she was recently widowed.
I quantified and qualified my explanation and asked for their understanding and blessing, as well as referral and reference. They were taken aback by my willingness to spare my job for hers. I always ranked 4 and 5 year over year, plus I knew I was making twice the base salary than her, so it was more cost effective to release me. I loved that job and my team, but I knew that the future was uncertain and eventually we would be reduced by 50% or more.
The day did in fact come, and she was spared and I was given notice. But I was prepared and I had their backing. She cried and hugged me in the parking lot that day when she found out what I had did. I loved that woman and still do. She was the best coworker and peer I ever had. We still keep in touch as she is now 75 and retired. Will visit her after COVID-19. I also still keep in touch with those managers and leaders, which has benefited my career internally and externally.
On the flip side, later down the road I was in a horrible business unit due to a conversion and internal merging of teams and functions. I had the most awful coworkers and mangers were toxic all the way up the chain. One decent peer asked to be considered for upcoming layoffs. The manager found every way to make this poor guys life miserable from dawn to dusk, then wrote him up on several PIPs until he was ultimately fired.
I decided to stay quiet and secretly post out. I found something else internally, gave my 2 week notice and quickly left for my new role. I didn’t let anyone know I was looking, I didn’t let anyone know I was posting out. I did it quietly after work every night. I did not trust my manager or my peers at that time.
Later down the road I got a LinkedIn email from one of those managers. They had a new role at a new company. They asked if I was interested in a few of their open roles. I am now proud to say that the sacrifice I made years ago, lead to future blessings. I’m now peers with that manager.
Choose wisely. Put good into the world and the good will come back.
Same here, I would volunteer in a heartbeat and I'd only get minimum severance.
But the company won't do it because the results would be unpredictable. Managers would no longer have 7 directs in some cases, etc.
The company wants to control who stays and leaves as much as possible. Employees are expenses and liabilities, nothing more. What works best for us doesn't come into the bank's decisions.
Just keep "showing up" and doing the bare minimum until you're given good reason to do more, such as the company developing the courage to announce layoff plans in advance, etc.
The answer is no but I would like to do that too. It would be nice to get my notice before these soulless Jacka55es reduce severance pay again like they did a few years ago. They started planning for layoffs years ago and reduced severance. Now I’m sure they’ll do it again it January. So cruel.
I wish
Me too. Get the time off with pay into next year. Plenty of time to find a new gig for sure.