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Can you anyone advice about severance. I feel the package offered was very low or is it just like this?
Completed 1 year + week
Payout includes : 2 weeks of notice pay
3 weeks pay in lieu
CIP payout
RSU (not sure, if it will be vested, vesting date in mid-dec
Is it expected or can i negotiate and if so what should i ask?
Under certain conditions you are now going to pay taxes on your UNVESTED RSRs. So you don't get sh*t for 4 years, but you get to lose shares due to the FICA taxes on them.
I understand this is IRS law but still.
I’m a GL31, that was laid off. My last day is late November. I have been with Optum for six years, and have been in various roles (including two integrations). During that time I’ve accumulated a decent amount of stock options (all currently worthless at the $400-500 strike price), and stock RSU grants. My next RSU vesting is Feb 21, and would have amounted to about $30K (at today’s share price). I also obviously am not getting a bonus for 2025.
My severance letter is offering to give me 12 weeks of pay, plus a week of unused vacation. No RSUs, etc.
My question is - before I sign my severance agreement, should I have a lawyer attempt to negotiate the inclusion of my RSUs as part of my package? Has anyone done or heard of this being a successful strategy?
I have 45 days after my last day to sign the letter. I feel I’ve put it the vesting time of six years waiting for these stock awards to vest, and that I should receive these RSUs that are just a couple months shy of vesting. Do I have any case?
Thanks for any advice you may have.
I’m “assuming” for those who get cut, they’ll work until 12/31 and will get 2wks pay for every yr worked, healthcare coverage for same period and STI / stock vesting paid out?
Removing RSU is the best business decision. illumina has exceptional gross margin now. Give credit where it is due... A toast to Jacob!
I assume the restricted stock bonus is gonna go away once you’re laid off. Is this true?
How are these generally handled during reduction in force? Are they prorated?
What are the rules for unvested RSUs? Is that addressed in the severance package?
If you have invested RSUs and are let go, what happens to them?
What are the rules?
Who even gets RSU's?
Senior managers don't, so is it just Directors and above?
Severance estimates have been sent!
12y+, 70% of base salary.
Working notice may be provided, nothing about RSUs..
What are your thoughts? Are you happy or disappointed?
Will this impact your decision for the mobility survey?
Starting this thread to compare severance amount. Affected employees supposed to start receiving estimate today.
Severance estimate/year of service/current salary.
People with vested Dell stocks, what are you thinking about the stocks? Good time to sell
Or wait it out until q1 next year!
They are hard earned for the ones that received them. It’s not much for non execs but enough to care about them.
What happens to RDUs if:
Does anyone have insight? Lots of communication out there on many topics but zero on this one. It makes me feel they are going to fu-k us on RSUs based on the silence this far.
Did anyone get a raise or RSUs? Looks like some people are getting them now.
The title says it all.
How does a company with record profits not have any budget for paying their employees?! I have an IPF of 140 but there is no budget for salary increases or RSUs?! What a joke. I bet the executives all get their salary increases and stocks. Company is broken. But they LOVE US and it’s because of US. Anyone else angry at our corporate overlords that are out of touch?
The reward letters are finally available
What is your bonus ipf, raise percentage and / or RSU worth?
Also mention grade, and location and mention both grades if you got a promotion.
Anybody have their compensation discussion yet? What’d you get?
BU
Grade
Merit Increase
RSU amount
Will we get RSUs this OCT/NOV. Hearing rumors that no more RSUs .
Anyone? This year
If you are US based, your last day is the 22nd and you have a grant that was supposed to vest yesterday, login to Fidelity and take a look.
AT&T wants to be like Amazon, where is the increased salary, bonus, RTU to match?
SUNW has contributed $40b net profit since the merger. This is actual revenue and not pie in the sky "booked revenue". SUNW hardware is the ORCL ca$h cow which pays your bonus, RSUs, and pay raises. Explains the stock price rise.
Anyone gets raise or rsu?
Hopefully the stock increase will help those laid off with RSUs about to vest! Thoughts?
So the end of year review with my manager is coming up in a couple weeks. Looking for some advice on how I should handle the news of no raise and no promotion again this year?
Should I express my displeasure to my manager? Or should I hide it and pretend to be happy with the pittance of RSUs they have awarded me?
I cannot find the thread this was being discussed on but there is some confusion about whether vesting stops at the notification date or the termination date. So I asked HR directly. At least in the US, we will get any RSUs that vest prior to the termination date (in my case 9/22). If you are in a different location you may want to confirm with HR.
I was in the Fusion Org and would have hit my 25 year anniversary next month. Overall my immediate team lost about a 1/3 of its headcount.
Finally take care of yourselves. Oracle itself had its goods and bads like most things, but I was truly fortunate to work with some amazing people for this long. Remember that EAP benefits are still there (for 3 months) if you need them.
4000 RIFed times average salary of $100,000=$400M include
4000 times vested RSUs which are clawed back on an average $150,000 = $600M
Bottom line Savings of ~ $1B.
I’ve noticed a few people suggest they were laid off just before an employment anniversary or milestone. Curious is any of these people are in the same boat as me, where you were terminated with a couple days of RSUs vesting?
Has anyone received a raise or RSU during layoffs?
RSUs really gone for good? Did Jacob actually say we’re doing away with them permanently as part of comp? WTF.
If there was ever any doubt ILMN is a coffin, this nails it shut. From here on out you’re expected to take below-market comp for the “privilege” of working in that coffin. The mission is now supposed to replace equity ---- which here is maybe 10% of comp, while at other companies RSUs make up 50–80%.
Looking forward to walking among the living soon.