#benefitcut

Those in management circles what are you hearing about the quiet layoffs going on? Management seems intent on making things so bad for employees with the wirthless 4 days in office, benefits cuts and sheer arrogance from leaders. This American company doesn't care about America anymore. Can we outsource our CEO?

Just in time for Christmas and Hannukah, this wonderful company is cutting hours for agents in one of It major lines of business. I have children who won't get much this year. And these je-ks won't let us use our accumulare sick leave or vacation to cover for it. But the billionaire founder/CEO probably will have a wonderful holiday season.

How does an org claim to take the best of both pre-merged orgs, yet cut the best things/benefits each org offered?

• 401k- cut/decreased matching
• momentum-cut/decreaded
  1ESPP (created post merger- restricted offering periods)
• birthdays off-cut/eliminated
• WFH (even if hired remote or had the ability to WFH pre-covid- cut/eliminated)
• TPA award recipients (best of best teammates- demoted, RIF, or cut, less than 1 year after being rewarded)
• Insurance business (a cash cow- sold and cut)
• Best talent wealth of knowledge (encourage to take early retirement)
• End to end credit delivery system (cut to originate, book, and service loans on 17 different systems that DONT talk to each other or archive records- it’s on a shared drive)
• consistent doc repository systems (eliminated for shared drives)
• Career progression (non-existent, just make project teams, and loan teammates to departments to avoid creating needed positions, yup do 6 jobs for the price of one)

I see a pattern of gaslighting, deception, lack of accountability. Just go back to the drawing board, admit this is a failed merger, and build it up. Stop putting a bandaid on a fatal g-nshot wound.

We won’t cut our way into a higher stock price and teammate satisfaction.

Everyone keeps asking for specific names, which is understandable but nobody here has them…. The SVP,Vp and band5s affected were already notified - everyone else including AD will be tomorrow

Here is the bad news… someone already posted it on here, but so much stuff is being posted that it moved all the way down.

The stock together award along with the KPIs that made it up are no longer on VZ web, that is being changed up - https://www.thelayoff.com/t/1kaejqjzn

How many people would actually like to go, assuming they take away our stocks and Short term incentive?

Dan is cutting everything

I was on the old plan before the cash plan. I show mine is about 25-30% lower than when I left the company. Heard they had some changes? Whats going on??

... just not Legacy Xerox folks. That's fu--ing delightful.

and yet our health care costs are going up above the inflation rate

Imagine those going end up losing 12 EDOs and floaters to align with EM's global regions who don't have the same. Likewise for the DB plan.

We called it on this board several months ago due to inside sources. More benefit cuts announced today. Healthcare and life insurance changes will save about $2m. The increase in premium hits lower wage worker hardest. There should be a sliding scale based on percentages and income level. Premium rise is a regressive tax. Anthem is rolling out these Platinum BS Providers--probably the ones getting the biggest kickbacks in a ponzi like scheme. CHRO and Data Czar not in attendance at the price hike inflation meeting today.

For those that use or have family members that use the Chevron Mental Health and Substance Use Disorder Plan be aware that it is being discontinued as of January 1st, 2026.

In the announcement, individuals that regularly use these services are “strongly encouraged” to review the changes as the costs “may change”.

Farewell wellness week. Welcome unwellness week. No idea if someone will actually TELL the wage slaves or not but word is it's dead.

They are taking personal days away as of Jan 1. We will only have accrued PTO and I doubt they will add to our PTO to make up for some of that loss.

For decades, retirees had a pathetic $3,000 Humankind company match. Now it is suddenly dropped to $2,000. Successful companies actually increase these figures over time. Exxon and Conoco match $5,000, Shell $5,500. Yet another benefit reduction by our dying corp. What goes around comes around.

This has to mean more layoffs are coming right?

This is so asinine and an obvious employee dissatisfier that could it be they are doing it to push people over the top so they leave themselves? A lot less to pay in severance. I just can't imagine anyone making that decision on something that shouldn't cost the company that much. It's got to be strategic decision.

Retiree here. 30+ years in the mines. They told me my medical benefit credits would have some inflation indexation. But the competitive benefit landscape doesn’t include that, so… it’s gone! Thanks 3M! I wonder if the C-suite guys ever lose any of their Bennie’s…

Do you like the new more expensive, less coverage employee health insurance we’re being offered??? Pay more for less! Additionally, our pay has been cut through scheduled hourly staffing reductions.
God Bless,
Marvin

Why are people saying our benefits are being reduced? Where are you hearing this?

Has anyone noticed how our benefits are getting trimmed constantly? I just noticed how Humankind company matching went down ($10k match down to $7.5k). They used to offer 2 company “grants” of $500 for logging 40 hours of volunteer work. Not anymore! Just one now. What’s next from HR?

People will be getting a benefit survey, they will ask whether you want this or that. They are testing the waters to see how they can cut benefits and say “we listened to the survey and this is what you wanted.”

It wont shock me that they get rid of the pension all together

Say goodbye to that benefit!
New generation ruined it for everyone.

When we were told that they were cutting out some of our PTO,VTO, 401K and holidays to allign to the industry standard, I asked myself why are we not LEADING the industry standard. That is how quality staff is retained and businesses grow.

Did Humana just send an email acti by like positive changes were made and they basically hacked many of our benefits? This company has become a joke.

If anyone missed they are reducing the 401k / cash balance plan by 2 percent. SLT values young employees over tenured ones saying over 10 year employees receive too much vacation. KC you are the mini me of DR.