#severance

I’m probably just a complete d-mb a$$ but I dont feel much empathy for laid off employees who have tenure assuming the severance packages match what is on magenta pulse.

• 2+ months garden leave
• 2 weeks additional severance per year of service on top of garden leave (max of 26 weeks total)
• Additional lump sum payment for those 20+ year lifers who already should have ample savings
• 100% bonus payout regardless of prior year performance
• Next stock vesting for ICs (even more vesting for Director +)

This means those with 8+ years of tenure are getting 6 months of severance pay plus their stock and 100% bonus? This is much better than most Fortune 500 companies right? I get that the job market su-ks but if you have been at all prudent with your finances and have an emergency fund on top of severance then this could end up being a paid vacation for many. This doesn’t even consider unemployment benefits.

I do have empathy for young people or people with kids who are trying to make it in this crazy high cost of living world. But, tenured Gen X and boomers… no empathy for you whatsoever. If you havnt been able to save and invest for the past 25-35 years then I’m sorry for whatever circumstances led to this. Hopefully this generous severance package is enough to bridge you until retirement or social security kicks in

During the severance period, does one have access to rollover from Cash balance plan to an IRA? What if displacement status is 'Retired'?

first start of consumer we are hearing; the smra sr manager role has been eliminated. sounds like at least some of them have been offered a step-down role or severance option and they have the weekend to decide. most consumer will start on tuesday and roll throughout the week

Do not sign anything, hire lawyer right away!

Sue them, report to EEOC, get more severance pay, it’s your rights!

Well, it looks like more lay offs aren’t off the table. Can anyone share what the severance packages were like in the last layoffs? They don’t have a policy that is available like at other companies I’ve worked at.

Out of curiosity I did some AI based research to see how and when a company must account for severence expenses under GAAP, taking into consideration 60 day notice periods, and basically they can incur the expense when they notify you so long as their is little chance of a reversal. additionally. if they have already made their lists for the first part of 2026 (q1/2) and are certain those positions are going away they can take the expense earlier such as in the $612MM hit we took this past quarter. So while severance expenses are expected to be lower by $700MM in 2026, part of the reason they can say that is that layoffs happening in the next few months are already paid for.

Many of us would just like to be done with CA. The constant layoffs create undue stress on the employees. The stress and the health effects are not worth a couple of dollars extra.
But I wanted the severance as many of us do. Afterall in the world of layoffs why should we get the severance when we leave.
So, this is how I did it.
1) Quietly back off on the work you do. Be less productive but not to the point where HR takes notice.
2) Throw in a couple of mistakes here and there.
3) This is key. Casually let your boss know that you are thinking about retiring or leaving the company. Nothing official and absolutely nothing in writing. Provide no solid date.
a. If you do this well, they will start planning for your departure.
4) Never quit. Just mention is casually here and there. Eventually they will plan for your departure but when you do not leave, they will be forced into a layoff.
There! Several is not many thousands of dollars in your pocket.

I'm wondering if there'd been any changes.

The cowards in management are doing everything they can to avoid a severance to those who have put years into this company to get it to a position to be acquired for $4B. Shankar and Norlin are absolute cowards with no morals or appreciation for the people who do the work.

Evolent started the new year with another round of layoffs on 01/15/26.
Approximately 125 people so far located in US, Philippines and India.

We all know the bank changed the severance package last year. But I’m hearing from long time employees that you’re able to negotiate a longer severance.
Is any of that true?

Anyone know if former employees are bonus eligible while on severance? Said employee made it through the last day of eligibility as a WF employee in 2025. I have heard rumors that those impacted may get a prorated bonus; however, there is nothing in their severance paperwork. Any insight welcome and appreciated.

Has anyone in the 12/10/25 class received their severance payment? I did a quick search and didn’t find any posts.

first time IM. will be happy if have a severence package...

Few of us were laid off today. Given 2 weeks notice and severance.

Has anyone successfully negotiated the severance package?
Any tips or tricks?

Group meeting followed by a touch base meeting informing role will be eliminated. HR executive stated that the company is moving to "A Global HR Model" and that outsourcing of Admin and "transactional" tasks will be taking place by Genpact an overseas outsourcing company. Introducing a new HR System 'Workday" to replace UKG and Cornerstone.

Claim is that it's due to a "Significant operating expenses at national and international functions". Company moving to a "globally standardized system". Something about based off the new operating model group in Austria. Leadership does not have enough information to tell when cuts will begin but will take place in phases with at least a 60 day notice. Jobs being cut from Aug 2026 though March 2027. Estimated 130 HR roles cut (half the dept) all teams affected except internal communications and HR project.

A separation support package will be provided (if they stay on till the end of employment) must be agreed to within 45 days:

• Separation pay calculated on tenure as last day. Those who work a minimum of 12 weeks after the announcement are eligible for an additional 12 weeks.
• If elect COBRA ALDI will pay COBRA fee for 6 months.
• Unused sick time and vacation time will be paid out.
• Career transition services offered for up to 6 months starting 30 days prior to separation date.
• All affected are eligible for rehire.

Decision on who was cut is based on tenure.

Apparently has been put on hold . I was initially informed that I would be released at the start of the second quarter. However, today I was informed that this decision has been reversed. While I am grateful to retain my position, I must admit that I was looking forward to the relief of not having the threat of displacement looming over me, and I would prefer to receive a severance package should they decide to terminate my employment. I am now concerned that I might receive an IM or one of those unnecessary RTO reports, which they could potentially use as justification for my dismissal. This marks the third occasion on which I have experienced a similar situation.

Net interest income rose 4% but missed expectations.
Wells Fargo forecasts $50 billion interest income for 2026, below average analyst estimate.
Net income of $1.62 per share up from year ago, missed expectations.
Bank recorded $612 million in severance expenses for job cuts.

https://www.reuters.com/business/finance/wells-fargo-profit-climbs-rising-interest-income-2026-01-14/

Today I should have received my first severance check (direct deposit) and there’s no check stub in colleague zone and so far no direct deposit. WTF

Then we can pass the savings to severance packages.

What's the pay at SVP level? 60 day notice + 10 or 12 weeks pay?Do they pay for any carry over vacation + accrued vacation for the year?

As a longtime Verizon engineering employee, today's outage is no surprise to me. In 2024, the company eliminated over 4,800 jobs in a voluntary severance program, followed by another 13,000 jobs involuntarily in 2025. Many of the people who left were senior employees who understood the network and whose jobs were to find and fix problems before they could impact customers. In their place will go an "AI" system that's not yet in place. It will be interesting to see how long it takes to restore normal operations.

If people affected feel comfortable sharing.

I've read several articles last year in which executives from companies that instituted RTO admitted that was their way of getting rid of people without having to pay them severance. They know we don't want RTO. They know that full well. That's not a bug, that's a feature. They're hoping we'll quit. Please don't do them any favors.

I was laid off in November and still haven't received severance. It is difficult to get ahold of anyone in HR. Anyone else experiencing this?

I was just denied unemployment in Florida cause of the severance I was always told we could still get unemployment

Just an FYI regarding COBRA. For reference, I am a 12/19 off payroll ex-VZ'er. I called Net Benefits when I received the "confusing letter" last week about COBRA benefits. The letter is a standard notice that employers are required to send out to employees who are let go. I asked if I needed to "sign up" for COBRA as reflected in the Net Benefits system and was advised that I did not as I was already auto-enrolled since VZ is paying for COBRA as part of the severance.
What I did find out, however, is that at the end of time period that COBRA is covered by VZ (mine is 6 months), COBRA will automatically renew if you don't contact them to cancel it and they will start send you bills for the monthly cost of the COBRA coverage. So you may want to put a reminder in your calendar to cancel if you don't plan on paying the hefty COBRA fees after VZ stops covering the costs.

Just curious, after I have signed and turned in the severance, what does the company do? Do they sign and return it to me or is their "acceptance" implied when I get a check ?

Anyone know?

Did this same scenario happen to anyone else? I was put on a performance plan for 30 days sept 24th with a list of things to get completed. I had arguments of course of what was written on it. All bullsh-t of course. Even still I did all the things and in a meeting my boss even said I was working towards improving and looking better. Blah blah blah
30 days come and get a meeting invite and told to stay home. Literally got let go exactly 30 days later Oct 24th after my so called performance was improving.
My boss was literally reading from a script telling me I’m let go and I will receive a letter via email to sign. About a week later I received the email I had to sign it or I wouldn’t get my sh---y 60 day pay.
I see others got let go in a different way. Either way this can’t be legal. What do we do? Can we fight this?

It was difficult enough to figure out when I worked for VZ how getting the promotional 'free' new devices worked, but they are definitely not free and I've been paying what I was subsequently told was a discounted rate for them. Glad I get 50% off my mobile bill because I'm still paying $200/mo.

If I were to switch carriers now, I'm sort of assuming I would be handled like a non-employee customer and my entire device balance becomes due? I couldn't get a clear answer out of customer service today as to how much I would owe which is my typical experience with them. I looked through all 8 zillion severance docs and couldn't find any mention of this.

Wonder if TMOB is still offering to pay off devices. I mean I like my VZ service especially for international travel, but I don't like the $200/mo bill now that I'm unemployed. I also don't know if this would get rid of all the plans like $5 Neflix or if that's tied to my FiOS account. We sure don't make things easy or transparent for our customers. Well, ex-we.... I need to stop thinking like I still work there. After so long, it's hard to switch off that way of thinking.

People make sure you document everything during conversations with managers. It’s obvious they are making it uncomfortable for all of us and they do not want to pay out severance. Annual reviews are taking place shortly and they need to dish out a % of NIs. This is how they start putting the wheels in motion for terminating for cause. Document everything!!! Ask your manager to put items in writing!!! Protect yourself. 2026 is going to be a very challenging year for all of us. They simply want a toxic work environment so we leave and they keep the money.

Peace out Mondelez. It's been fun

I know the documents say 30-60 days for them to be paid out but has anyone gotten a more precise date. Specifically for the 12/19 sev group

I was impacted by one of the BS pittsburgh layoffs on December 16th. I was told that I would remain an employee through end of December and would then receive an agreement from HR to sign in order to get an extra 60 days pay.

As of 1/13, I still haven't received a box to return my computer and received nothing from HR. According to Voya, I'm still showing as an active employee and can't access any of my retirement funds until I'm terminated. Curious if anyone else laid off in December received their separation items yet. Also curious if anyone would be willing to share contact info for HR. My boss couldn't be bothered to provide me with that basic info when he fired me.

Did we get sti on our severance check or is this money still coming

Finally some good layoff news. Per Bloomberg Citi is severing 1K people this week. US centric. Pick me before I retire please.

Also FIRST!