Is it possible to ask for VBO now?
6 replies (most recent on top)
Laying people off is cheaper for them than the VBO. If you ask for a VBO don't be surprised if you get laid off on the next round.
If you qualify per previous post/threads over the years. VBO in 2017, 2021. Full time Employees were sent an email with the payout/bonus specifics and a 30 day timeframe to accept or reject. I this current downsizing is not sufficient March 2025 could be the next possibility( 4 year intervals). I worked with someone in(WLK) who was 5 months short of the 10 year minimum and was not offered(emailed) and was not included in 2021.
Past VBO lists determined by whether you fit into certain criteria, not individually. For instance, everyone who meets role of seventy who is also at least age 50 with 10 years, and it applies to everyone in that class, whether executive or in mailroom. You can’t influence it by asking. I believe this is a labor law issue. Fido has used to encourage older, more expensive people to leave, essentially early retirement packages.
RIF, as in this layoff, can be more focused based on role, function, BU, performance, probably anything thats not a legally protected category such as race, age, gender, etc…It may be possible to ask to be considered here. But can be risky if you change your mind as you’ll be stigmatized and on a list as someone who’s not committed.
There are many threads on here that provide details how the VBOs happened, the requirements for each of them, what the benefits were, etc. It was not something that anyone asked for. Those that received the offer got an email and there were many steps in the process over several months. The email went out on one single day for everyone that received the offer. But of course it's possible to ask for a VBO, no one can stop someone from asking. Just wondering... who are you going to ask? Your manager? Someone in HR? If you do decide to ask, please report back and let us know how it went.
If they were smart they would allow it. I know a number of people who would take it.
VBO doesn't (at least it had not in the prior 2 offerings) work that way.