#severance

the title says it all. I was given a good severance and a 2 months grace period (!!) though. Looking internally for roles but also bracing for external. No theme for my post, just wanted to put that out there.

This company operates with an outdated mindset, and as a former Pershing Advisor Solutions employee, I saw firsthand how deeply the issues run. Strong performers were often pushed out or left on their own, while promotions frequently went to individuals who simply filled gaps rather than elevated the organization.

Middle management was routinely pressured to give artificially low performance ratings so directors could meet layoff quotas—often without offering appropriate severance. The result is a culture where talented people feel undervalued and unsupported.

It’s disappointing to watch, and I genuinely encourage high‑performing employees to explore opportunities elsewhere where their contributions will be recognized and rewarded.

I was in the BenefitSolver to do something and noticed a new “Leaving T-Mobile” with resources for those laid off. It has a schedule for calls about benefits and severance, and those are basically every Wednesday through the end of April. If I got laid off last week I’d want to know all the details so why would I wait until the end of April?  Makes me think this won’t be over by end of Feb like many of us hope. 

Just had a talk with my adviser about this whole voluntary layoff thing….With me I am so close to 65, I plan to get out of telecomm and pick up a mediocre part time job to cushion the loss of CC funds. Come to find out the upcoming deposit of my severance, any upcoming bonus, banked PTO, etc etc….will be held against me when I start my Medicare…the large deposit will be a IRMAA surcharge on both my Medicare part B and part D premiums. This sliding scale of 5 brackets will no doubly kick my Medicare premiums a few more hundred dollars per month. To those of my coworkers who plan to jump into retirement after the severance comes may take this into consideration. If anyone has any constructive criticism on this matter, I’m all ears.

I was wondering if there are people in Spain who requested Early Retirement but instead ended up on the RIF/ERE list and simply getting the RIF/ERE Package instead of the Early Retirement package. I think Oracle abuses the fact that people conform the Early retirement program and are getting fired with a much lower payment.

If you make it through a PIP but they fire you anyway, is there any payout? And does unemployment still apply?

Great source called me and said there's chatter of VSP in March. Anyone else hearing anything? I bet a lot of ppl sign up for this one. I'm in!

It’s been a few weeks since I was laid off, and nothing promising has landed yet. I keep hearing stories about how this is supposed to turn into a fresh start, but right now it’s just applications and silence. Severance buys some time, not peace of mind. I’m trying to believe the positive turn comes later, even if it’s hard to see from here.

I'm now rooting for a layoff. I've earned a decent package and I'd happily take it and run. How messed up is it that people with years of service would rather be shown the door than stick around? Says everything about where this place is at.

So when I accepted the VRSP and received my pay out I was heavily taxed. Then to add insult when I received my W2 my severance was also included in there as well as if I had worked for the company longer then I had. Therefore taxed twice on the payout and not just once. Horrible company.

Has anyone laid off from the original wave received their w2 from 2025 for this severance payment? I called and asked for mine because I never got it, they were supposed to email it and I still don’t have it. I’ll have to call again this week.

Does anybody here know?

33% are doing the minimum waiting for the axe hoping for severance
33% are doing the minimum waiting to retire
33% are barely doing the minimum waiting to see whether they got another job.

the other 1% work because they dont know any better.

No raises...everyone fired every other Tuesday...zero chance of being promoted or getting exceeds...of course people are skating...there is no incentive to row the boat on a sinking ship.

Removing people with seniority = removing OLDER employees. It's always the same. When they do a "reorg" with layoffs, they slice and dice the data to hide the age impact. Then they rinse and repeat every couple of years. They don't care about their "teammates." They routinely clean house of the older, more experienced and expensive workers to make the company's financials look better for "The Street" and try to improve the stock price. Most of those folks have 3 years worth of unvested restricted stock that they LOSE when they get laid off and then those shares revert to the company's coffers. They give people NO NOTICE, knowing 99% of them will sign their sh---y severance agreement waiving their right to sue because they need the money. It's horrible the way they treat people.

Good post, it should be in its own thread. The original poster is @7jc+1kd557pb0.

If role gets moved, did you get severance after declining relocation?

During our end of year reviews several of us have been told that there is a good chance of a VSP in March. I find this hard to believe so soon, but it keeps coming up! Has anyone else been told this?

Morning everyone! With the North East set to go live with new structure by end of February can anyone provide updates? Only couple weeks away, how is the transition going? Any head count reduction? How are the employees being treated? Severances offered?

Any idea what the offer is for these countries? I am curious whether a lot of my colleagues will take it or not.

Are they going to give a standard severance if you are laid off?

I’ve heard every Rumor let’s hear yours.

Hundreds of employees were laid off by a tech company located in the Bay Area. Concurrently, the CEO of this unnamed company received a substantial $3.5 million severance payment. The timing of the executive's payout alongside the significant job cuts has drawn attention. This situation involved a technology firm operating within the broader Bay Area region. The specific name of the affected company was not mentioned in the provided headline.

https://www.sfgate.com/tech/article/workday-severance-layoffs-21346064.php

Is it weird that I'd like to be laid off? I am burnt out and was thinking of quitting anyway.
What can I do to get laid off while they still offer severance?

Does anyone know what is the policy for Severance pay in Texas and if/how it is tied to the number of years of employment?

Thanks

What happened to Crown continuing coverage throughout the severance period? I just filled out the continuation form and Crown is paying $38 and I am paying $2000 per month. This is my 3rd lay off in 25 years in the industry, its never been done with less respect and support than what Crown has shown. I will be surprised if the severance really shows up and I have no faith in the bonus actually being paid out. What do you expect from a company that allows unlimited drinks on the cooperate card?

https://www.healthcarefinancenews.com/news/cigna-cut-2000-jobs

Cigna plans to reduce its global workforce by approximately 2,000 positions, representing less than 3% of its workforce.

The layoffs will occur by the end of February.

A spokesperson for The Cigna Group said by statement: "As we drive greater efficiency across our business, we have made the difficult decision to reduce roles in our workforce. This decision was made with deliberate care and focus, and we are providing a package that includes a variety of transition services for impacted colleagues."

Cigna did not give specifics on which jobs or departments would be impacted.

The news coincides with Cigna’s Q4 and full-year 2025 earnings release in which the managed care company reported better-than-expected results for the quarter but set its full-year earnings guidance below expectations.

During the earnings call, President, CEO and Chairman David Cordani announced the settlement of a lawsuit with the Federal Trade Commission over Express Scripts' insulin pricing.

eom

Everyone should know what the severance package looks like for their grade level and years of service, as published in Sparq. For non-managers, you may be surprised by how few weeks are paid out. The severance package is unlikely to carry you until you find a new job. Use your floating holiday early in the year before using any PTO.

I'm not going to be surprised if in the future that's no longer an option. After all, it's not mandated by law, so I can definitely see this leadership deciding it's no longer "in the company's best interest" to keep paying it.

If you have confirmed information, please share it. Otherwise, we're just feeding the anxiety, and we're all stressed enough as it is.

Instead of having tons of messages, let’s do this:

• Position

• Department

• Years of Service

• Severance Offered

Why are there so many rumors about reduced packages, or people not getting one at all? I haven't heard anything concrete. Is this just conjecture, or is there a real change coming?

The macro labor market is weak with lots of retailers going out of business (experienced managers looking for jobs would take half of what I make).

Who else is ready for severance vs just coasting and taking the 25 pto +6 holiday=31 paid days off per year, profit sharing match, and bonus?

Imagine getting the top paid MGRs off the books now before the next fiscal year starts.

Create a new position that changes the store manager title and pay...Forcing this change.

The HR data shows store manager vacancy and turnover is already horrendous, so clearly the current system isn't working.

WOW, private equity would make so much profit!

Has anyone anyone else heard rumblings that the severance package for the next round of RIFs is going to be reduced?

The K-12 health care startup Hazel Health has laid off 135 people, about half of whom are clinicians. This is the second round of layoffs announced at the company in the past four months.

https://bhbusiness.com/2026/02/06/hazel-health-cuts-135-employees-second-layoff-announced-in-4-months/

On February 9, 2026, Forrester Research announced a workforce reduction of about 8% across geographies and functions, following notifications that began on December 15, 2025 and are slated to conclude by July 31, 2026. The company expects pre-tax expenses of roughly $10 million to $10.5 million in the fourth quarter of 2025 and the first three quarters of 2026, primarily for cash severance and employee benefit costs tied to these layoffs.

https://www.tipranks.com/news/company-announcements/forrester-research-announces-workforce-reduction-and-restructuring-plan

Panera Bread is closing its bakery facility located in Franklin. This action will result in the termination of 92 employees. The company is shifting its operating model to use third-party bakers. Panera staff will then finish the baked goods in-house. All affected workers will receive severance packages and job search assistance.

https://wbjournal.com/article/panera-bread-to-close-franklin-facility-lay-off-92-employees/

Anyone impacted by Dec 2025 layoffs still waiting to hear from HR? This is getting ridiculous at this point. No official notice if layoff (just the verbal convo with manager) - no severance notice, no box for laptop.

What’s going to happen to the Imperial Staff at Norman Wells after its closure later this year ?

I assume they were accounted for in the Sept decision a slated for a severance ???

I heard the money was good up there, su-ks for all affected.

Current Severence policy not accessible online! Can someone else check? Policy might be changing...

Right way to lay off: SAS - notice and generous compensation
Wrong way to lay off: WP - no advance notice, no compensation, employees left stranded in war zones

https://www.youtube.com/shorts/sPgnh4U6Oj8