#severance

Any kind of severance or at least unemployment?

Summit Beverage is acquiring Hayden Beverage Company's Montana assets. This acquisition will result in layoffs for Hayden Beverage's Montana employees. Approximately 120 employees in Montana are affected by these job cuts. Affected staff will receive severance packages, including one month's pay.

Missoula, Montana

https://nbcmontana.com/news/local/summit-to-acquire-haydens-montana-assets-as-layoffs-loom

I am sorry. I can only speak for the Tech people at FIS, but I am tired of watching my co-workers get laid off or moved to third party consultants to get laid off without severance. I am tired of wondering if I will have a job next quarter. I am tired of upper management lying to our faces. Those off-shore consultant firms pay their employees not even a quarter of what we make. If they are going to lay me off, it is not going to be to hire someone over seas making a quarter of my salary. What does everyone think?

IFPTE

Are there any? We have in writing from a manager that there were forced stack rankings. WFC doing bad faith IMs to avoid layoff severance. Anyone talked to a lawyer yet? Our group would like to join.

I am likely planning on resigning from my position sometime soon (partially because it’s become a nightmare and also due to a family issue). Is there any harm in volunteering for the next RIF? I see many dates on here (April, May, June, etc.) I don’t know if volunteering for the next RIF will make my already tense situation at work even worse. If I am going to quit, I would hate to do it too soon and miss out on a severance package. Thoughts?

very taxing on managers and will eventually be a large lawsuit. my guess there are people high up in HR that are pi---d off and speaking up.

This week has felt incredibly heavy. Several people I know walked out for the last time on March 31, and it’s been hard to watch. Some were lucky enough to retire on their own terms, but others left with severance they never asked for. It’s heartbreaking, and honestly, I don’t know how much more people can endure as this drags on all the way to 2028.

I want to take the severance and go to another company and double dip on income

I got bad rating of DNM expectations. Am I gonna get fired with no severance or PIP or silent fire.

I am with the bank for 5 years and do not want to lose severance
Any help will be helpful for looking for jobs elsewhere.

How does the benefits work after the 60 day WARN period? Do you take COBRA for health insurance or by any chance do you get full benefits until your severance runs off? I.e. Citi contributes to your medical benefits until the end of the severance pay period
Thanks

I was laid off last month and received severance. I will also apply for unemployment, and I know that unemployment doesn't start to pay until after the severance # weeks passes. Do I have to show that I'm looking for a job during that severance period, or am I able to take a break for a few weeks before starting my job search? I just want to make sure I can still qualify for unemployment in a few months if I don't start looking for a job right away. I'm in Minnesota if that matters.

I got paid on March 13 (my last regular pay day), and again on march 20 (the beginning of severance). It’s been 2 weeks and I didn’t get paid again, I did not take their lump sum.

Anyone having trouble with this or have any answers on this or on who to call?

If there was a change in control (this includes Cash Severance, Pro rata Bonus Payment, accelerated stock vesting etc) OR if they were termed for "no cause" :

Sarah London : $42M
Drew Asher: $25M
Chris Koster: $12M
Susan Smith: $8M
Tanya McNally: $6M

This is what the severance looks like for executives, peanuts for us!

Charter Communications is laying off 176 employees in Maine. These workers were informed of the decision on Wednesday. The company is transitioning work from its Portland call center. This work will move to other U.S.-based centers immediately. Affected employees can relocate or receive 90 days of pay followed by severance.

Portland, Maine

https://wgme.com/news/local/charter-communications-lays-off-176-maine-employees-spectrum-call-center-unemployment

Southeast Kansas Mental Health Center will terminate 23 staff members. Salary reductions are also being implemented for remaining staff and officers. The organization announced its separation from Ashley Clinic and Yates Center Dental. These actions aim to stabilize SEKMHC and ensure continuity of services. The changes follow a retroactive rate adjustment for 2025 and ongoing financial turmoil.

Iola, Kansas

https://www.iolaregister.com/news/local-news/sekmhc-announces-layoffs-separation-from-ashley-clinic-and-yates-center-dental

Your alarm goes off at 6 AM. There's an email from "Oracle Leadership." You've never gotten a message from that sender before. It says your job is gone, today is your last day, and severance details will arrive by DocuSign. By the time you finish reading, your company laptop is already locked.

This happened to up to 30,000 Oracle employees this week. Oracle reported $17.2 billion in revenue last quarter, its best in 15 years. And it still fired nearly 1 in 5 of its people. The stock went up 6% today.

Oracle owes over $108 billion. The company signed a $156 billion deal to build AI data centers over five years, mostly for OpenAI (the company behind ChatGPT). That requires buying roughly 3 million specialized computer chips. Two years ago, Oracle spent $6.9 billion a year on this kind of construction. This year it's $50 billion.

The 30,000 people who got that email are funding the gap. Investment bank TD Cowen estimates the layoffs will free up $8 to $10 billion in cash flow, money going straight into chips and construction. Oracle filed a $2.1 billion restructuring plan with regulators in March, and nearly $1 billion had already been spent before the emails went out.

Lenders are getting nervous. The cost to insure Oracle's debt against default has spiked to levels last seen during the 2009 financial crisis. Barclays downgraded Oracle's debt in November, warning the company is one step from "junk" status, the point where lenders consider you a serious default risk. Some banks have stopped lending to Oracle for these projects altogether.

The gamble gets worse. CNBC reported on March 9 that OpenAI, Oracle's biggest customer for all of this, is already looking at newer, faster chips from Nvidia. Oracle ordered the current generation and spent billions building out a massive Texas facility. OpenAI may not fully expand into it. The chips improve faster than the buildings go up.

The severance letter says sacrificed employees must return equipment within 5 business days of the last working day to receive severance. OpenText told our former colleagues they would provide them with the box and prepaid label. That sounds straightforward.

However, I know one person who has yet to receive the box and label. They are well beyond the 5-day limit.

Another person received the box three days after being axed. But, the box included two separate forms of instructions that both say in bold font they had 10 days. One set of instructions explicitly says to refer to the other set on how and what to return. So there is no mistake that two different documents stating 10 days were included.

How can the Waterloo braintrust enforce the 5 days with conflicting instructions and/or delay in providing the promised return kits?

Thoughts on your offer if you received it?

Never saw such a bad Severance pay in any company

I read when FB was in charge he changed the severance package from 2 week to one week per service year. Is that still the case under ML with the recent layoffs? If it went back to 2 weeks, still capped at 26 weeks?

Anyone aware of someone successful in negotiating severance pay. 3 weeks pay for 3 years is ridiculous.

https://www.indiatoday.in/amp/jobs/story/oracle-lays-off-12000-in-india-here-is-the-severance-package-employees-say-they-got-tchc-2890049-2026-04-01

We are a team of 7 and 6 of us received an meeting invitation from HR individually for tomorrow morning. My manager is very confused about it too and colleagues at office strongly thinks it has to do with the lay offs. Its better to get severance and leave this place at this point. I'll update tomorrow about the outcome but it's 99% we are being eliminated.

If I didn’t get laid off I was going to leave by end of the fiscal year. It was all I could do to stay as long as I did after the Sept layoffs. The work just piled up with hardly anyone left to do it, but if I stayed long enough to be let go, the $ reward would be pretty nice. I was ecstatic to finally get the nod. My severance is maxed so I’ll be using it as a paid 6 month sabbatical while I get ready to retire. Hasta la vista Oracle and Aloha Larry.

Will there be warning if anything bad happens?

My entire team was added to STEER a couple of months ago, so I assume we're on the chopping block. Several of my team mates have quit (found other roles outside Citi). I haven't had any luck yet, though I'm actively searching. How long after the add to Steer does one have? Also, what does the severance package entail?
Just wondering if there's a method to the madness, so I can brace myself.

I can only imagine how many people would take a voluntary resignation package. It will never be offered in OT because of assessments done years ago. HR determined the technical debt that would occur would be too much to immediately overcome. One could dream though. The last one was 55 years and older with 10 years minimum tenure.

Nike continues to optimize its workforce and rationalize programs. The company recently made a wave of tech layoffs this quarter. CFO Matthew Friend confirmed these actions on an earnings call. Nike incurred $230 million in severance costs for these cuts. These efforts aim to slash cloud costs and improve engineering performance.

https://www.thestack.technology/nike-tech-layoffs/

What is the typical package and what all does it entail?

Today VZ UK got an update. The impact is expected to be well over 100 people, but consultations will go well into May and maybe summer.. FR is beating around the bush, restructuring reasoning seems to be mixed up. might work against them (the firm, not employees). BE got an update last week, more than 50 people on the block, impacts expected May to June, probably sales and product will be the first to go. DE is still pulling its head out of its ar-e, no real updates, but then again we're talking about the country that still uses faxes and cash. i've got next to no work and sales has disappeared. all I can say is ALL ABOARD HERE COMES THE SEVERANCE EXPRESS!

Basically the title. How much are they giving in terms of medical/dental/vision and base pay?

Can anyone comment on what, if any, is Alcon's "package" for employees who they would like to, or decide to, get rid of? Not people impacted by a structured RIF or layoff like we just had. Just those "one off" exits that happen all year long.

That could be PIP'd and fired, or outright fired for performance (not cause). Or "encouraged" to leave: can the employee "negotiate" an exit?

Vertex Pharmaceuticals will cut 125 jobs. These layoffs affect employees across Providence. It will combine its three Rhode Island buildings. The job cuts become effective on August 5. Affected individuals will receive severance and career support.

Providence, Rhode Island

https://www.providencejournal.com/story/business/2025/06/10/vertex-pharmaceuticals-lays-off-125-ri-based-workers-after-failed-diabetes-trial/84133343007/

Starbucks announced plans for store closures and layoffs. Approximately 900 non-retail positions will be eliminated. An undetermined number of North American stores will close. The company aims to improve financial performance and customer experience. Affected employees will receive severance and support packages.

https://patch.com/rhode-island/across-ri/starbucks-plans-store-closures-layoffs-what-know-ri

"A payment in the amount of four weeks of base salary for your first year of employment plus one week’s salary for each additional year of employment, based on your most recent hire date, up to a combined maximum of 26 weeks of base salary."

I have just under 15 years of service to the company with numerous awards and promotions for good performance. Like many here, I have poured blood sweat and tears into my job going above and beyond for this company.

All those efforts are now in the dustbin and I am being shown the door with just 18 weeks of pay (which will be fully subject to tax).

As an older person with specialist skills, I am not easily going to find another similar role, if at all. The future seems very dark and uncertain and I am fearful

How many weeks based on years of service?

Oracle offered a severance package to its laid-off US employees. The package includes four weeks of base salary. Employees also receive one additional week per year of employment. The maximum severance payout is capped at 26 weeks. Affected workers were notified via email early Tuesday morning.

https://www.businessinsider.com/oracle-offers-us-workers-up-to-26-weeks-severance-2026-3

Is it true that people who didn't take the VSP were still laid off effective 4/1 with no lump sum or benefits?