#severance

I've been thinking about this a lot. Working at BNY was like being in a bad relationship. Constantly stressed and unhappy but I stayed because it was familiar and the money was okay. Then one day I was let go and it was terrifying at first. But then the severance arrived and I had time to rest, to think, and to remember who I was before that place wore me down. And eventually I found something new where I'm actually treated well. In the end, leaving turned out to be the best possible thing for me.

The only silver lining is that severance seems to be staying as is. That's always been my biggest concern when layoffs happen.

Word is those that get a package have to sign an NDA, any insights on this.

just read a comment where someone shared 3/4 of their team got RIF’d, they could not discuss it and had to continue working until their last day.

TF?? meaning they couldn’t flat out tell anyone they were being RIF’d? or just couldn’t go into the details of severance, etc.? can anyone who’s been RIF’d provide insight?

‘cause not being able to tell your colleagues you’re getting cut is wild AF.

I know one thing, Leadership better let us know who’s getting cut asap. I don’t need to know who got the VSP approved or who got RIF’d. I honestly do not care.

I need to know who’s staying and if I’m staying, how much work am I going to have to determine if I’m going to bounce…

Oracle workforce shrinks by about 21,000 employees amid AI adoption

https://www.yahoo.com/finance/technology/ai/articles/oracle-workforce-shrinks-13-204431510.html

Oracle's total workforce declined 13%, or about 21,000 employees in fiscal ‌2026, as the cloud computing giant continued ‌restructuring its business, partly driven by the adoption of AI ​across its operations.

The company had a total workforce of 141,000 as of May 31, 2026, compared with about 162,000 as of the same period last ‌year, according to ⁠its annual report released on Monday.

Oracle spent $1.84 billion in severance payments and other ⁠exit costs related to the restructuring activities in fiscal 2026, significantly higher than the $374 million spent in ​the previous ​fiscal year, the ​filing showed.

It also said ‌in its filing that the workforce adjustments were in response to various factors, including management and product changes, performance issues, strategic shifts and acquisitions.

The decline in the workforce follows multiple reports earlier ‌this year about Oracle cutting ​thousands of jobs. The company ​did not immediately ​respond to a Reuters request for ‌comment.

Worries are quickly mounting over ​job losses ​due to AI disruption, as 196 tech companies laid off more than 119,800 employees so ​far this year, ‌according to Layoffs.fyi, a website tracking sector-wide ​job cuts.

https://www.prnewswire.com/news-releases/centene-appoints-lauren-m-tyler-to-board-of-directors-302806827.html

Improving the health of the balance sheet, one margin point and one severance agreement at a time.

Has anyone received their actual money from the severance for all of us who were laid off as of 6/5? Because don’t bother calling HR. They flatly refuse to speak with you. At all.

Can someone please share the terms of the latest LR packages? Looking to understand how many months pay / year of service, how long health care runs for, what happens to RSU's etc.

I would. No hesitation.

The new strategy seems clear - scare us into quitting so they don't have to pay severance. Managers are allowed to treat people terribly and threaten us with firings but I've never seen anyone actually fired. Let them try. I'm not doing them any favors. If they want me out, they can pay me what I'm owed.

Is there somewhere I can check?

I'm so over feeling overwhelming dread every Sunday. Give me severance and I'll happily leave. Even being unemployed would be better for my mental health than this constant torture.

PIL sweetening the pot in the way out the door

Thinking about retaining an employment attorney to look over my layoff paperwork and see if there is any room to negotiate a better severance package.

If you've used a lawyer for this, how did it go? Did the company offer more, or did you end up paying legal fees out of pocket for no change? Any advice or experiences would be highly appreciated.

This is excruciating not knowing really what to do. I feel like it's all a game. Spin the wheel or pass and hope you pick the right curtain. We live paycheck to paycheck as it is. Gosh if I was a zillionair I would give up most of my salary first to save jobs for others who literally need the money. I don't understand why one would think they need that much money. You could not take that many vacations or buy enough cars anyway so why just why are ppl so freaking greedy. You can't take it with you when your gone. Just so torn and literally having too many heart palpitations over this game show. This is unbelievable!

Does anyone know if the T&Cs on the sign off for the severance package prohibit the following:
Working for the competition .
Engaging with AT&T customers as a consultant as part of a private LLC
Any conditions on whistle blowing

If you're new to the company and get laid off, do you still receive a severance package? Or do you have to be here for a certain amount of time?

or has severance really change drastically for the worse over the years?

Anyone been able to confirm with the state of New York if they would approve of the UI Claim after being laid off due via the VSP? Sounds like each state is different. Based on my initial readings, sounding like this'd be an eligible scenario for UI benefits in NY.

I know several people who were riffed in June, and there are still rumors of larger global RIFs coming in July and August.

For those who make it through these rounds, whats the outlook for the rest of 2026? Do these cycles eventually come to an end, or is this just the new normal?

At this point, I’d rather be included in a RIF now while severance packages are still relatively generous.

So tired of this, let me work or let me go

For those who have just gone through the consultation, and where informed they were at risk in May, can you let us know of the UK package please

Does anyone know, if you take all your vacation for the year and then get laid off, do you have to pay back the part you haven't accrued yet?

The documentation says that I will notify Citi if I find a new job during notice period, and that they will pay the balance in a lump sum. Does that basically mean you get the balance of what is left of the 90 Days' notice period, but you lose benefits as well as PTO accrual from the termination date that you give them?

Thanks

Only thing I see is 4 weeks of additional salary for VSP.
I also see prorated bonus on the VSP offer. Not sure if this is just for VSP or prorated bonus is offered on standards layoffs too. Let me know if you have any insights.

We all know an involuntary round is coming, and it'll most likely have a lesser package attached to it. So those of us who want to stay can say no to a VSP just to end up laid off a few months later and with less to show for it. Kind of makes it really hard to say no, doesn't it?

Paychex has decided to layoff approximating 10 designers and over 70 developers. They are refusing to give any reasoning or criteria for why they targeted individuals, citing AI wasn't the reason and that it was for "business needs" and "sustainability". From what I've heard they gave former employees only 9 weeks of severance.

AT&T has offered some employees option to WFH instead of surplus/severance. They want them out of wasted real estate space before the end of the 2nd quarter. Most of the location had few if any personnel. The largest was a center in GA of about 100 collection agents.

I just received my PTO payment from Citi. However, I did not receive the severance. When is severance supposed to be paid at the same time as PTO or separate?

When will I receive my severance pay after being laid off in April?

13 years as a nurse and scared of the unknown. Afraid the final pay out will be leas than the “expected” amount. Want to know what the “agreement” states before hand. Praying for everyone!

Pascal is off the payroll on Jan 1 2027 and received a 6 months notice whereas those who got surplussed today received a 2 weeks notice.

The 6 months is to complete knowledge transfer and to train the incoming CFO Jennifer Biry. Pascal’s annual compensation is approximately $12 million which means he will make $6 million before being off the payroll and heading off to the Bahamas for the rest of his life.

If they wanted any level of respectable fairness he would have the same notice period as everyone else but these executives treat their job as a full time guaranteed vacation.

If your job relocates and you decline to move with it but have the time to retire, would you be eligible for unemployment benefits in the state of Alabama. Does receiving a severance package play a factor?

For non-unionized Rivian workers and managers in Canada, understanding these developments is essential to protecting workplace rights and entitlements.

https://stlawyers.ca/blog-news/rivian-layoffs-severance-pay/

if we are laid off this year, between now and December, does anyone know if we will get our bonus next year?

Never thought I would think so negatively about Centene because my experience over the past 4 years has been awesome. I missed the VSP cutoff by 2 days due to my official FTE conversion date, but I don’t think I would have applied anyways.

Curious though, if laid off September 1st, what are typical (non-VSP) severance packages like at Centene?

Now let's figure out how this is ok.
I looked over the VSP, not in detail so I might have missed some things, however, these are my questions:

what happens to your sick/accrued PTO? Did not notice any mention of this.

lets say that you do not "apply" for VSP, why arent they mentioning what the severance will be if they pick you to be layed off in August or perhaps the second round of layoffs which i suspect will be later on once they get their bearings after the first layoff.

Now lets say you "apply" for VSP, but they decline, only to later lay you off in August (as their numbers haven't been met). Doesnt seem very ethical as now they dont have to give you the additional benefit of VSP and terminate you with just the basic severance. That seems a bit shady, as this could be one of the methods to let people go and have less cost as they will not provide the additional benefit that you originally applied for.

I know that all states are different, however I think it would be nice if they looked into it and included into individualized offers the information on our ability/inability to file for unemployment.

Seems to me that this entire situation and the way it is handled is only to benefit Centene with absolutely no regard for thousands of people who have gone above and beyond in their jobs. I know that this is the state of the current corporate world, but there must be something that can be done to stand up to these bullies. I wonder if the legal department has anyone who also got the VSP and might have some ideas :)

A certain guy who used to work for you guys ("RR") from what we understand brought about this firing of competent people (especially in Tech) and offshoring to Accenture. That is currently now happening at his next stop - T Rowe Price in Baltimore. A competent IT shop is being dismantled - Laid off, but to get severance you have to agree to train the people replacing you who have little if any experience, initiative, etc. Can anyone let us know how that went for you guys? Do you know if our guy "RR" left on his own or was forced out after this turned out to be a disaster? Thank you. Training is not going well, yet the keys are expected to be handed over soon.

I can't get interviews for roles that match my experience, so I've been applying for entry level jobs just to get some money coming in, since severance is melting away. Each one of them said I'm overqualified and would leave too fast. So what am I supposed to do?

For those promised a severance package towards the end of 2027, are you considering leaving/retiring before the end of this year? Just to escape Polaris, workplace toxicity and overall dysfunction the company is sinking into further each day ?
Despite the promised payout, does your sanity seem like too high a price to pay in order to receive the severance/settlement ?
(Also, what if they keep moving the end date later than year end 2027??)

To those who were SEPARATED from Fidelity at the end of May, have you started getting your severance pay? I got my PTO paid out but not the severance pay....wonder what the he-l is taking them so long. Also, has your 401 balance updated for vesting? I lost a bunch due to not vesting at 100% but statement still shows the "what would have been" figure, which, frankly, pi---s me off.