Thread regarding Ricoh layoffs

What is the usual severance package?

Has Ricoh been giving out the usual severance or has it been reduced due to COVID? I'm worried that even if so far it was the usual, the following rounds of layoffs - and we all know they're coming - are bound to see some cuts. This whole pandemic thing is not going anywhere any time soon and the losses keep mounting. They have to offset it somehow.

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| 1935 views | | 4 replies (last January 15, 2021) | Reply
Post ID: @OP+17RKDJEo

4 replies (most recent on top)

Always ask for more. Pay a lawyer if you feel more comfortable with that. What they offer isn't what they are capable of paying. It's also not the only way of structuring the severance.

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Post ID: @14sjn+17RKDJEo

I just realized I pretty much gave away who this is to any corporate type who reads it. Oh well, I'm seriously not bitter, I miss my team, and I miss working. (Not much I fit into other than retail hiring in my area, so I'm still waiting for things to improve, ha..sigh)

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Post ID: @1tzn+17RKDJEo

I was part of the last round of layoffs announced in July. I had worked just short of five years and I received six weeks of pay: base two, plus one week for every full year worked, four for me.

That apparently was the standard package and since I'm relatively young and new to the company it wasn't as much as some of you could receive.

It was enough to pad my butt for another month and change and I am grateful to Ricoh for that. I've been at other companies that preferred to churn out their staff so they wouldn't have to pay them, this was a nice compromise over getting sh– canned or pressured out.

Hey, I'd rather have my job still, but for all the sh– we give Ricoh, and they certainly deserve a bunch, if it had to happen like this it's nice they gave us something.

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Post ID: @1ghl+17RKDJEo

Hoping it may bring oppurtunity with the 5 company split personally.

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Post ID: @cen+17RKDJEo

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