#severance

Posts mentioning hashtag #severance

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No Severance until company assets returned

The package states #14 that you will not receive severance until company assets are returned, and it also states that you will receive the box to return within 3 weeks AFTER your separation. That means no payout for 3-5 weeks? receive box, ship back, Oracle tracks and then release of Severance.
Are you ready for no $$ for that long? I wasnt.


Fair Warning - Go Ahead and Ignore Me

For those expecting a golden parachute, consider this a warning: the bank does not want to pay severance. They already stretched funding for layoffs this year, and the idea of generous packages next year is a myth.

What you will likely see instead is a rise in “inconsistently meets” ratings or worse. If you miss your 4x8 schedule targets or fail to stay “in the zone” with daily activity metrics, don’t assume it will be overlooked. Ignore this at your own risk.

The system is designed to keep you boxed in. Step the wrong way and you may quickly find yourself on a PIP and out the door. This isn’t about development—it’s about attrition. They don’t need to force you out if the conditions drive you to quit on your own.

And don’t make the mistake others have made by filing complaints during leave—you risk being terminated for cause. Right now, management is looking for any excuse to cut costs.

That’s the reality. Take it seriously.


Severance Agreement & Training

Did you already sign the severance agreement?

Companies like Oracle are expected to prepare employees for future technologies? Were there any yearly training plan offered?

I would have hoped there were some future technologies or some kind of training offered for any employees to make them get ready for internal or external positions.

What are your thoughts on this?


Voluntary Separation Package

Do you feel like it might be the right time for the company to offer management employees with pensions a retirement package?

With everything changing so quickly in the business and with fewer people coming in under the old pension structure, it feels like it could make sense for AT&T to consider giving us that option. For some, it could be the opportunity to retire earlier. For others, it could open the door for fresh talent and new ideas.

Curious how you all see it—would you take it if they offered? Or do you think it’s better to wait it out?


Separation package and MEET/DOES-NOT-MEET rating

Are separation packages still being used within the bank?
For the first time I got a dos-not-meet rating during my mid-year review, thinking they are preparing for a layoff without the package - what do oyu think?
Is that true that when you get DOES-NOT-MEET - you are not eligible for a PACKAGE...


Training department layoffs

Today, myself and several of my colleagues in Learning and development were laid off in a round of “reorg.” This was the third reorg in 3 years. They had announced a reorg over a month ago, but when executives were asked about layoffs during a meeting, they evaded the question. Today, they also refused to disclose how many people were affected.

This company is absurd. Every October, they conduct layoffs. The executives should be the ones laid off.

Im still waiting to hear about the severance package. Anyone know?


Procter & Gamble restructuring plans: Buyouts, brand sales and a CEO shakeup

  • The last time P&G did a major restructuring, most of the jobs reductions were buyouts. Likely targets: Generation X, those born between 1965 and 1980.
  • So far, P&G has indicated it wants to make trims. Its last round of cuts started small but then got deeper after earlier rounds failed to achieve a turnaround.
  • Further change will likely occur at the top with a new incoming CEO and other management shifts.
  • The company said some brands might go, but it's not clear how many or which ones.

https://finance.yahoo.com/news/procter-gamble-restructuring-plans-buyouts-161338050.html


Terminated as a result of Retaliation

I was displaced, filed an ER grievance, and was then ultimately terminated after my Notice Period ended in a clear case of retaliation. While I'm pursuing legal action, trying to ascertain if the bank can now cut off my severance, benefits, damage my employment record etc. I'll know soon enough and will address accordingly, just curious if anyone has a definitive answer.


Explain this to me

Let’s say that you are a Phase 2 employee who gets blindsided jn November and laid off. Do you get severence as well? Or just nothing, but the ability to collect unemployment.

Seems kind of unfair to not allow an early option to quit and take the severence pay because you are remote. You would hope they would not lay off any remote workers in November but from what I understand everyone in the entire company is vulnerable on November 11.


I, for one, would actually prefer to be laid off

With a decent severance to bridge me over, I’d take it. I’ve had enough of this company. After some time here you eventually hit a wall without even realizing it, and there’s no real path forward after that. The job market isn’t great right now, but staying here doesn’t feel like much of a boon anymore. Whatever the rumors turn out to be, I truly hope those who need the job get to keep it. But for me, walking away and leaving this place in the rearview would be a relief.


$46.10

All these awards VH receives and yet the stock sits in the mid 40's. When Oxy is sold and she rides away with her ridiculous executive severance package, I hope all this blathering on this blog was worth it. She'll move on and you will be stuck with the steaming mess of your career to resurrect.. Good luck.


unfavorable social media posts

Has anyone heard of anyone being fired for unfavorable social media posts? In light of all the companies I see firing people for their comments regarding Charlie Kirk's assignation and then the Pulse article titled "Pause Before You Post: A Reminder on Social Media Responsibility", I figure social media posts will be ELV next way of firing people. They will be able to reduce numbers while not having to pay severance...smh


Major Layoffs (Just 12 days for the 4th Quarter)

The largest single corporate layoff in U.S. history was IBM's reduction of its workforce by 60,000 employees in 1993.

However, the ongoing mass federal layoffs under the second Trump administration, potentially exceeding 200,000 workers and possibly reaching 300,000, could surpass this corporate record if completed. More to come in 4th Quarter 2025

Other major layoffs include Citigroup's 50,000 job cuts in 2008 and Sears' 50,000 job cuts in 1993.


Levels under leadership don’t qualify for the Severance

FYI— it was confirmed by my leadership that the volunteer exit plans and the severance are only applicable to people at her level or higher. I’m a USA which means I don’t qualify. No USA’s will qualify for it. Just proves upper leadership could not give a f-ck less about people at my level.

Think of yourself and families before this company.


Is RTO on the table?

Since it's pretty obvious they want to continue reducing headcount, would they pull the trigger to force returning to the office? I imagine a lot of people would say 'no thanks' and leave, and others would leave simply due to living too far from any office location. It would save them a ton on severance, but would they take the risk of losing people they actually want to keep?


I was laid off, but here is some advice for anyone who is staying in their job.

Yes, I was laid off, and I was in shock, especially since I had a good performance review and my metrics were always strong. I cared about my job and my customers, but after three years, I realized the following negative points. The only positive aspect was my coworkers; everything else was disappointing.

  • Don’t get comfortable. I did, and I never expected this layoff, but no one owes you anything.
  • Upskill. I started this process five months ago, and the job market is brutal. If I had stayed at Oracle for ten years, it would have been almost impossible to re-enter the market.
  • Understand that layoffs are not over. They will continue next year. Don’t be a fool; have a plan, save your income, upskill, and be ready to move on!

  • There’s no pay raise. Why would you want to work at a place that doesn’t offer raises?

  • It’s pointless to work on weekends when you might get let go anyway. I did that, and it was a mistake.

I'm actually glad this happened after three years rather than after 28 years.

I have Oracle on my resume, which is the only positive. However, I would never recommend Oracle as a place to work.


RCC France

This morning we were told that the company and the unions will begin negotiations shortly. allowing those who want to leave the company on a voluntary basis to receive at least a good exit package


14 Years Down The Drain

I was let go today after being with the bank 14 years. Curious if I was targeted to prevent a potential much bigger severance at 15 years.

Is there a way to change withholding to have less taxes taken out of severance?

Although I'm not surprised because I've watched things change for the worse. But I didn't see it coming because there are other job openings in my department. Same old sad story of a decent employee who thought they'd retire with the bank.