Got a direct deposit this morning for a number not close to the severance amount. Does anyone know what it is?
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With the most recent layoffs, I know it can be difficult. However, I will tell you in the long run you will be better off not being employed by Raymond James. This company has been in decline with its leadership for years now. This all occurred years ago as a generation that cared about people retired.
Now, RJ is being run mostly by people that care for only their self-interest and preservation. Raymond James is a toxic environment to work in. Being in a position of seeing the background of a lot of the advisors they hire, I will tell you their practice is one of calculating monetary fines and the overall profit they can generate. They hire some really shady people and are willing to risk a smaller fine with the possibility of a larger profit.
The C-suite executives at Raymond James will continue to line their pockets. They will not risk the money they make to do the right thing. Raymond James will layoff hundreds if not thousands in the future and still show a good profit at the end of the year in order for high executives to hit their yearly bonus.
Employees are expendable at Raymond James in order to turn a profit. Unfortunately, this profit is not to just keep everyday people employed, but it is to line the pockets of the elite in the organization.
It will be difficult but trust me when I tell you things will be better without working at Raymond James.
I also at times miss my job and helping my teammates. Last Friday I got a call from one of them asking me a technical question that he knew I could answer instantly. I said to him, "if this is "YOU" asking me I will answer but if you were asked to call me either directly or indirectly tell me and I will not answer". He valued our friendship and told me he was not asked outright to ask but it was implied as there was a perceived deadline. I don't care about deadlines that RJ has. We spoke for 15 minutes and my friend is going back to the rest of the team without an answer. Maybe they should ask Paul Reilly for the answer.
Mine was for the vacations days that I was not able to take. Now I have lots of time to take vacations but with the Covid-19 I don't really want to travel by plane now, bummer.
I would rather have my job. I thought I was doing a good job and did not expect this, I hope most of you are okay so far, there are days when I still feel sad and miss my job.
It's one day of work plus vacation payout.
Review your documents. They said severance is mid-November at earliest as the previous poster stated.
Vacation was already received. The numbers are about right for severance (after tax) without any pay. Will confirm when a paystub comes it but it may not have a breakdown. Just hoping for the best.
I believe this is our last paycheck through last day of October 16 plus vacation day pay.
Check your paystub. Should be in today’s or tomorrow’s mail. They told us severance would be mid-November earliest. Today’s deposit is most likely vacation
I believe I received a severance minus about 35% tax. No other pay. I never had a breakdown of the lump sum listed in the separation agreement. Now I’ll need to report something in unemployment but I’m not sure how much is severance or bonus money. I also did not get a payroll receipt for today’s deposit so it’s still unclear what is taxed and what amount it true severance?
With severance it’s possible no unemployment till this is used.
I also received a payment not near severance. I believe it could be the vacation time payout.
Wondering the same. Received a deposit for a round number this morning as well which is odd. No where near severance amount so no idea what it is.