Thread regarding PNC layoffs

Severance package

Has anyone seen or viewed the servers be package? I’m wondering what it would consist of as I been here for 15 years.

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| 6072 views | | 13 replies (last October 13, 2023) | Reply
Post ID: @OP+1p3mP0XO

13 replies (most recent on top)

My access was restored today, and severance details were in my email. It’s pretty standard for a large corporation.

Employment ends 12/1. Severance paid after that on regular paydays. Insurance ends on last day, but they offer 70% Cobra subsidy for the length of severance. Payout for unused vacation.

Our department was clobbered. Probably 25%. No way our work can get done without a lot of contractors.

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Post ID: @1wav+1p3mP0XO

C4 20 years I get 40 weeks

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Post ID: @1vso+1p3mP0XO

C3 and 4 years is 16 weeks

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Post ID: @1azh+1p3mP0XO

C3 with 4 years is 16 weeks

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Post ID: @1ita+1p3mP0XO

Could someone check for C3 and 4 years, please?

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Post ID: @1lof+1p3mP0XO

C4 with 8 years is 20 weeks

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Post ID: @1pqr+1p3mP0XO

Where do you see información about the severance package? My access to pnc was suspended temporarily until next week. I am C4 and worked for this fabulous company for 8 years. Can somebody tell me what can I expect?

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Post ID: @ocn+1p3mP0XO

Analyst 1 is A1 which shows 29 weeks for 15 years worked

C3 shows 33 week

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Post ID: @ukk+1p3mP0XO

@F-CkPNC I was an analyst 1. So I believe a C3 if it not mistaken. And was there for 15 years

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Post ID: @wge+1p3mP0XO

What level were you? (C2,C3, etc) I found the chart and can share your weeks. It’s pretty generous compared to other companies.

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Post ID: @zju+1p3mP0XO

Have no idea but if you were with a large corporate employer like PNC for 15+ years my guess is probably around a max of five months. I know someone who was with JPM for over twenty years and got six months when laid off. Officers usually get more especially at the VP and above levels.

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Post ID: @flm+1p3mP0XO

Someone stated here…

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Post ID: @agb+1p3mP0XO

It depends on you pay grade. Some states hear you you go on your companies Workday Intranet sit and search on Displacement, you will find info.

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Post ID: @aom+1p3mP0XO

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