Here's how it happened

For those wondering the details of how it goes down, at least at FP, here is what happened to me.

Phone call to come down to a conference room.

Boss had a script to read from which ended with, "this decision is final." Really Mattel?

Handed it over to HR for contents of a folder.

Severance is one week for every year of service, which they pro-rate.

Take your yearly salary, divide by 52. Take this weekly amount and divide by 300. This is how many extra weeks they give you. Take the small number and multiply by your weekly. Add your years of service amount and this second equation and you get your severance.

They also give 1% of salary for every year you are over 39.

You get paid put for your vacation time on your last paycheck.

Severance comes as regular payroll until its exhausted.

If you sign the forms (what they are are TBD) then you get severance and health insurance for 3 months.

I was told I could keep my work phone if I'd like (they would port the number and take over the contract) and take my time saying my goodbyes.

And that was the end of my time at FP!

Good luck to those left standing!

Comment! It's anonymous!

24 replies (most recent on top)

Thanks, @UkdE3Ej-5tbh .

Yes you have to wait for it to expire but you should file for unemployment anyway and let them deny you because it takes the morons working for the state forever to get your stuff processed and it's even harder to get in touch with them.

They will reject you and give you a date for when you can start claiming unemployment. Get processed now so when the extension date ends you can jump right into the unemployment system if you haven't found anything. Also be advised that it maxes out at $405 a week.

If you choose to do the additional 3 month severance/health insurance they offer, are you not able to collect unemployment at the same time? Do you have to wait until the 3 months has ended to then file for unemployment? I was one of the people laid off last Tuesday, but haven't filed for unemployment yet.

@UkdE3Ej-3jbf thanks for your condolences. And good point!-- HR is paid to help people that are going through this understand their severance. :) I had already said I was going to contact them on Monday to get clarification.

Sorry that you got impacted. If you are confused about your severance calculation, talk with HR they are paid to answer your questions and help you on your transition. This site will not help you most people come here to vent or complain.

@UkdE3Ej-3leh

I agree. What?

To the original poster (or anyone who understands how this works) who explained how severance is calculated, I'm confused about what you explained in your paragraph below:

Sorry to be a bother, but can you use fake numbers as an example and explain it again. I'm so confused. I'm trying to understand how they calculated my severance because the total severance amount is so small. :( Thanks for your help and patience.

Read the paper they gave you, it is calculated using your salary numbers. If you have questions ask HR.

To the original poster (or anyone who understands how this works) who explained how severance is calculated, I'm confused about what you explained in your paragraph below:

Same process for me.

tx op

Yes, thanks OP. This is what was presented to me when AG announced the Wilmot DC would be closed. I've been watching this site for years, thankful that what I've heard from other posters is true... Most people find better employment after being laid off, me included. Best wishes to those that received difficult news this week... You'll be ok

thanks OP

godspeed

I'd like to thank the original poster, a great post and a sad occasion.

Thank you!

Correct, NYS unemployment payments wont start until you aren't getting $$ from Mattel, but you should still call on that Monday to start your claim.

Confused by the comment below about NY unemployment.

I was told by HR that I couldn't collect until the severance paychecks stopped coming.

Not to add salt to the wound but dont expect friends you made at Mattel will stay in touch once your gone you will be forgotten

The whole “it’s a family” is a bunch of bull .... it’s just a harsh reality

I tell you this so you won’t be disappointed down the line

Sorry team- have been at AG for 18 years and also am being cut. It's hard to take, but keep your chin up. Once I've come to terms, I'm now excited for what comes next. Hang in there, it is a roller coaster of emotions for sure, but not the end of the world.

I was the one that asked for clarification, and thank you so much for explaining it. I appreciate it. It still hasn't sunk in that I'm jobless and won't be waking up every morning to go into Mattel. Hopefully the sadness and hurt will subside soon and I'll be able to focus on what to do next. Thanks, again.

Oh, also, if you're in NY state, you cant call for unemployment until Aug 6 since that will technically be your first day of unemployment.

For the person looking for clarification, the papers are mailed to us after our last technical day of work, which is next Friday. So they will mail out the packet with the papers we need to sign after the 3rd. We have seven days to review and return them.

Once you return them (I'm guessing it will be a confidentiality agreement of some kind?) Then health insurance continues for 3 months.

So, next Fri will be a regular paycheck and since payroll is delayed one cycle, we will get paid as usual on Aug 17, and this is the pay cycle where they pay you out for your vacation time.

Thank you for the info.

To the original poster, I was let go yesterday, too. I'm confused about the additional 3 months severance and health insurance, though? What papers do you have to sign? And when/where do you get those papers? I don't think they were included in the envelope I received yesterday during the meeting. Thanks!

Thanks for the info. I have a feeling I will be joining you as soon as I'm back from vacation.

Thread regarding Mattel Inc. layoffs

Here's how it happened

24 replies (most recent on top)

Post a reply