#severance

I was laid off back in January. Last year, I got my bonus check around the 3rd week of March. Is that a reasonable expectation after getting laid off?

Unless you are ready to retire or have other financial means, calling BS on a golden ticket. It take an average of two weeks for every year of experience to find a new job. The severance here for most people will be just enough to find another role. If your skills were that valuable you would have found a new higher paying job instead of waiting for a “golden ticket”

I'm in a location with RTO mandated Tues-Thu. I'm complying when I can, but I need to maximize my productive work time to control the impact this place has on my life. That means sometimes I work from home and I appear on the list for non-compliance with RTO. Could they use that to deny my severance if I'm laid off? I don't trust this organization.

Can anyone who's been let go recently ACTUALLY CONFIRM the severance package given and your job designation? A3 A4 D2 D4 ETC?

I'm not asking what you think, what you've heard or what the documents in SharePoint say, is there someone with a real world experience that can definitively say what their experience was and if its a lump sum or ongoing payments until it runs out

Wells Fargo is struggling after laying off 5,600 workers — and paying millions in severance - Market Realist https://share.google/6Ie7MrFCLAJ55vvL4

Basically, someone stated that the Nov 20 layoff was some kind of exception to the prorated RSU treatment that involuntary separations receive.

That those caught in this particular wave would have all future years (the two tranches for 2027 and the one for 2028) vest upon separation.

Any truth in this?

I got laid off recently. They sent a letter saying my last day is 8 weeks from then and $k amount as severance. I’m getting paid for these 8 weeks, at the end of 8 weeks do I get $k mentioned?

What can a director expect to get as a severance package?

Whats the inside word on I9 verification some U.S. employees are being pushed through? 7 days to prove citizenship or be fired? Is this an attempt to fire without severance?

I got a 4, and no PIP. But was any one pip-ed after year-end reviews in order for them to deny?

AES has been acquired by BlackRock and will become a private company as part of the consortium. As a result, corporate policies and governance frameworks are expected to be reviewed and revised to align with the new ownership structure.

The existing severance or “poison pill” arrangements will apply only to Senior Leadership Team (SLT) members. Regular employees affected by the acquisition may not have the same level of defined protection, and further clarity will be needed regarding transition support.

The service organization is expected to undergo restructuring and may potentially be dismantled in order to drive efficiencies and leverage the holding company’s existing processes and infrastructure.

Operational independence will be established, with each entity managed individually under the new structure.

As a private company, AES will no longer be subject to public company reporting requirements. Financial management and oversight will operate under a different governance model, with reduced regulatory burden and streamlined processes compared to public market standards.

I survived another round of layoffs and am not happy about it. Any tips or tricks for how to get let go? I quiet quit back in 2022 and have been doing less than half the amount of work that I did previously. I am constantly in the bottom 3 on my team performance wise. I just want my famn severance package already!

Source: https//www.sdxcentral.com

Verizon CEO Dan Schulman - Verizon
…And if you can’t “imagine,” Verizon CFO Tony Skiadas provided more clarity.

“Noncore areas that are not aligned to growth, including legacy areas, are being significantly reduced and/or eliminated, and that includes areas such as business wireline, nondirectional products, technology as well, wholesale, legacy copper, and voice platforms, and even projects with too long of a payback,” Skiadas explained.

Verizon’s management noted that it will instead invest in its mobile and broadband offerings.

Job cuts continue
Verizon is also continuing to work through its extensive job cuts, which will quickly see the carrier slash 13,000 total jobs in short order.

Skiadas noted that Verizon slashed just over 10,000 jobs by the end of 2025, which pushed the carrier’s total employee base down to just under 90,000 total employees. Verizon plans to finish the latest culling by the end of March.

Those cuts were made official in November, with Verizon noting in a Securities and Exchange Commission (SEC) filing that it would take a severance charge of up to $1.8 billion during the current fourth quarter tied to the cuts. Verizon’s filing also noted that the carrier “expects that its cost reduction efforts will include a significant reduction in outsourced, contracted, and other outside labor expense.”

The job cuts were initiated by Schulman shortly after he assumed leadership last October.

Like SWE II-III type titles.

Did you know you can sue Wellsfargo even after signing the severance package? You can still sue them even after few years later. You can report misconduct to EEOC anytime you want. Document everything and protect your rights.

Is the payout usually below the full target? Company prioritizes full payout for current employee only?

I know that when someone gets laid off, they have a term date, typically two weeks after the date of layoff. So how does regular salary and severance payment works? Are these two weeks paid as regular salary or part of severance, and how long might it take for severance to get paid out.

Forgive an old man for reminiscing. It was 2 years ago today the ENB ended my career and laid me off.
What a gut punch! The team I led was a high performing, highly regarded team. The folks I worked with, led and supported were the best. Our senior leaders, not so much.
During my decade at ENB I survived 5 rounds of layoffs before I was kicked to the curb. During one round I happened to be the senior on site and had to conduct the “all clear” meeting, that was a tough one.
Today I’m in a much better place, with the severance package I was given I was able to retire. Next month the last of my LTI grants will pay out. I wish all of you who remain the very best. Except the clueless senior leaders who have no idea what they are doing. And while I don’t miss working at all, I still miss my team!

Amazon's Lancaster facility will transition to a returns-only center. This change affects 544 current employees. However, officials confirm no employee layoffs will occur. Affected workers can transfer to other nearby Amazon locations or remain at the Lancaster site. Severance packages are available for employees choosing to leave the company.

https://www.yahoo.com/news/articles/no-employee-layoffs-coming-lancaster-041356667.html

https://www.dailymail.co.uk/yourmoney/article-15597141/jack-dorsey-block-layoffs-ai.html

"Jack Dorsey has axed thousands of workers at Block, the parent company of Cash App, Square and Afterpay, in a move signaling a major shift toward artificial intelligence.

In a note to staff, Dorsey explained that Block would be taking on risk by investing in 'intelligence tools,' as the company cut more than 4,000 employees on Thursday:

• "today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone."

The company said workers affected by the layoffs will receive 20 weeks of pay, in addition to an extra week's salary for every year they worked at the company.

Those let go will also keep their corporate devices, receive stock benefits through the end of May, six months of health coverage, and a $5,000 payment to help them through the transition.

Employees outside the US will be offered similar packages, though details will vary by country, the statement said.

All employees were told they would be informed the same day whether they were being laid off, entering consultation, or keeping their jobs.

Block's shares surged 24 percent following the announcement of the layoffs, according to CNN."

BLOCK announced layoffs this week due to the impact of AI, but with that, Jack announced the following severance plan for affected people: 20 weeks of full pay PLUS one week for every year of tenure, six months of full healthcare benefits, all corporate devices can be kept, and $5000 of transition assistance dollars. If you’re gonna conduct layoffs, this is one way to do it responsibly. PEARSON would never……..

Got severance last November and still haven’t got prorated bonus payment. Got the severance payment within 4 weeks. Has this happened before? Everyone I asked got the bonus payout. How to ask why, when and to whom?
Thanks.

If you’re part of the 2/19 layoffs with a final termination date of April 25, how many weeks severance are you receiving after April 25? The documentation shows minimums for each band level. For example 16 weeks min for Band 4. Have other Band 4s all received 22 weeks or does your number of years at Cigna add on (in pairs of 2 weeks) to the 16 weeks?

Thank you!

Why did I just get $5600 deposited in my checking account? I got paid already months ago from the severance and RSUs. My last day was 12/19.

A colleague of mine was fired yesterday. 6 months to retirement, but they fired him paying a severance package.
How does this make sense?

He was let go by a new manager appointed recently (6 promotions in 5 years - yeah, its possible) who doesn’t even know what my colleague does and how complex&important is his work.
No replacement, no time for handover.

And we got motivational speeches from a new manager.
I can’t believe its happenning, feels like being inside of ‘The Office’ sitcom, only its not funny.

Id--t Hill inherited Nike when the stock price was $85 and in a span of 1.5 years revenues have declined, margin down by 27%, stock in the dumps. He could have achieved this even without the layoffs.

What exactly have layoffs achieved? He didn't even have the ba--s to add Nike to tariff suit.

The pattern is repeating now, at the rest of the company braces for next round of layoffs with even a reduced severance.

Two questions about severance, US based. Assume your current position is being eliminated and you would be normally eligible for a special severance.

1) If you apply for a job, realize you do not want it and get an offer, do you forfeit severance?

2) If you apply for a job, realize you do not want it and withdraw your application before getting an offer, do you forfeit severance?

I think you forfeit it on 1, since an offer was extended, but I am not sure about 2, since no offer was extended.

I'm not sure that AI washing can really explain this at this point. Seems extreme. Will this be another klarna moment where they are calling people back in 3 months?

https://www.wsj.com/business/jack-dorseys-block-to-lay-off-4-000-employees-in-ai-remake-28f0d869

Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake
Parent of Square and Cash App says intelligence tools have changed how to run a company

By Angel Au-Yeung
Feb. 26, 2026 5:04 pm ET

Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, at the Bitcoin 2021 Convention.
Jack Dorsey at a convention in Miami in 2021. Marco Bello/AFP/Getty Images
Block XYZ 4.99%increase; green up pointing triangle, the payments company founded by Jack Dorsey that includes Square and Cash App, said Thursday that it plans to lay off 40% of its workforce, or more than 4,000 employees.

Dorsey alluded to artificial-intelligence tools as the reason for the cuts in a letter to shareholders.

“The core thesis is simple,” wrote Dorsey. “Intelligence tools have changed what it means to build and run a company.”

The company said the plan would cost it $450 million to $500 million in expenses and severance. Shares rallied more than 20% in after-hours trading.

Big companies have already been laying off thousands of white collar workers over the past year, in some cases pointing to increased efficiency created by AI. Salesforce cut roughly 4,000 customer-support roles last year because of AI advancements. Pinterest, meanwhile, has said it is laying off nearly 15% of its workforce as part of a plan to focus more of the company’s resources on AI-related roles.

And the fear AI would shrink jobs and replace the functions of whole companies sparked a market rout earlier this week after a research report imaged a dystopian future for the U.S. economy.

Analysts and economists have pushed back against the scenarios laid out in the report, but Block’s drastic job cuts will likely stoke up those fears.

The company said most of the layoffs would occur in the first quarter of this year and be completed by the second quarter.

“I don’t think we’re early to this realization. I think most companies are late,” Dorsey wrote. “Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes.”

Will Wells Fargo claw back your package? Can you get double paid?

Macy's announced plans to eliminate 79 jobs across New Jersey. These layoffs will affect employees in fragrance, fine jewelry, and cosmetic sales. Cosmetic beauty merchandisers and brand experts are also impacted by the cuts. This action is part of the company's ongoing restructuring and turnaround program. Macy's is offering severance and transition support to affected staff.

https://www.courierpostonline.com/story/money/business/2026/02/26/macys-layoffs-nj-fragrance-cosmetics-new-jersey-stores-cherry-hill-deptford-mays-landing-mall/88860828007/

I'm just wondering, in case I'm hit next time. Is it immediate, next pay period, or even later?

For those getting RIF notices this calendar year, I.e. not those notified in Nov last year… how are your severance benefits? I got my update and it’s not the same compared to the Nov benefits. Especially the stock vesting… I didn’t get my stock to continue to vest as per original plans. It’s prorated and that means I lose out on the next two years worth of stock vesting. Discrimination at its best. Please share if you have any updates.

Can anyone from previous layoff waves provide insight into how long it takes to receive your severance? I was part of the late January wave, signed my paperwork on 2/6 (my term date), and curious how long it takes to receive the severance?

The usual or did they reduce it?

This question is for people who got impacted and no longer at VZ. In regards to stock award. I got 2 of the payouts and this week was rolling into the 3rd payout which is actual shares of VZ stock. When does it actually become available? When I log on to view it it says the following

“We currently do not have vesting dates on file for this award. Don't worry, it's nothing you did. Once we receive vesting dates for this award we will make it available to you.”

Any insight will be greatly appreciated.

Still waiting for mine. Agreement says payment will be made "as soon as practicable" after termination but within 30 days.

I don't suppose I should be surprised if they make us wait the full 30 days...

To those that have already been removed from payroll, how long did it take to receive your vacation and severance payments after your last day of work? My last day was 2/20. I see the new paystub generated for this week, but it's only for five days of work. I signed the severance agreement the first possible day it was available (15 days prior to off payroll date). Just curious what the timeline looks like. Thanks!

https://straussborrelli.com/2026/02/17/lowes-mooresville-warn-act-investigation/
Lowe’s (Mooresville) WARN Act Investigation