#notification

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I see a lot of questions of which I already posted the details days ago....

Layoff Communication Timeline
• EVP/SVPs: Notified last week
• VPs: Being notified this week
• AVPs/Senior Directors: To be notified next week
• Direct Managers: Will notify impacted employees on 11/20 via phone call only (no WebEx or video)

Post-Notification Details
• Impacted employees will be removed from payroll on:
• 12/20, 1/20, or 2/20, depending on state notification rules
• After notification:
• No office visits allowed
• Work limited to transition duties only

Compensation & Benefits
• Bonuses: Paid out at 100% for the year (no proration)
• Accrued vacation: Fully paid out
• Stock awards: Will fully vest at their scheduled times — no loss of stock value
• Unemployment: Eligible, even if listed as “forced retirement”
• Severance:
• 2 weeks per year of service, up to a maximum cap per job band

Additional Context
• Further layoff rounds expected over the next couple of years
• Current phase involves 20% cost reductions
• Company undergoing major restructuring — work methods and operations will significantly change


RIF's

All managers of sites concerned have been told to make a list. Voluntary RIF Notifications to go around the end of November to early December with terminations taking place by mid to end of January. like before people will be given the option to voluntarily apply. The candidates will be chosen by the end of December and people will be notified the beginning of January


You will not have a job at FIS

Word on the FIS layoff thread is that TSYS team members who are moving over there will be laid off this month.

Notification went out today to TSYS team members who will remain part of GP and will not move to FIS. Current legal entity is TSYS and that will shift to Global Payments.


10/30 RIF

What type of communication has been received by those who think they will be let go? I have heard from someone that they will be told details at the end of day from their manager on 10/29 and also would need to meet before business hours in person on 10/30. Leads this person to believe the will be let go…thoughts?


Come back, Informant!

We need that person or people who had the very solid info before The Email came out to come back and feed us more.

How is tomorrow going to unfold? This one isn't like the last one (2015). There was no notice ahead of time.

Can someone who knows please tell us if there will continue to be small rounds with a team here and there or if there'll be another big bang in January or February?