#severance

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

On the call with Kevin today, they said the layoffs have already started. Has anyone on here been hit yet that can speak to what the severance packets look like?

Which are we getting?
Which are we hopeful for?

Pretty sure more Layoffs are coming for us. Can those recently let go please let us know what the new severance package is so we can all prepare

rms here outside of north east region. if they try to force me into an RTM role with no severance option, im accepting and immediately going std after this launchs for “mental health” ….then will use that time to find another position elsewhere. but to b honest, already been doin that, applied to hundreds of positions. nothing back. we are all effed. SR/RMS are all equally effed. worst economy since 08/09.

yes, it means I take a sales position from a good rep, but at the same time it will teach them a lesson and will leave a territory unmanned and in the dump. serves these vipers right.

Has anyone been able to successfully negotiate severance extension?

Has anyone counteroffer the initial severance package offered to them? If so, did you win get what you asked for? Or did they rescind the initial offer altogether?

Do you lose severance if you get a job outside of Cigna after you are given your termination letter but before your termination date?

The Ohio and Riverwoods based Discover Card Technology teams took a decent hit today. Sent them an email to join a meeting this morning and gave them the news, then said there would be a meeting later in the day with the severance details. It’s late in the day and still no details - lol. Class act!

With all the layoffs and a severance package that says “you’ll get your STI”. I’m guessing we’re not getting anywhere close to 100% on that. Does anyone know what the STI is?

If I'm laid off, I have to deal with one of the worst job markets in a long while but at least there's severance to lessen the pain. If I'm not laid off but others on my team are, at least I'll still have a job but at what price? We'll be expected to pick up the extra work and I highly doubt we'll be getting any kind of extra compensation. And I'm overworked as it is. There's really no good option here.

Hello

Would appreciate any information someone can give me. I was unfortunately laid off; effective November 13, 2025. I remained employed past the September qualification date. My Severance agreement DID NOT state anything about receiving or not receiving an RRP. My question, is there someone here who has been laid off and told they would be receiving their RRP? I called the employee resource line and the rep seemed convinced that I should get it...just looking for another opinion... Thank you in advance

Can anyone share severance amount in terms of months given? We should help each other in terms of fairness. I know there are difference regulations by countries, so if you could just share the amount you received and whether there is a formal regulation about severance in your country.
Thank you.

Will anyone tell us what the severance package is?

For those impacted by this round of RIFs- what was your severance package offer? And when does your insurance benefits end?

Wells Fargo Workforce Transformation (2020–2026)
Since 2020, Wells Fargo has executed a dual-track workforce strategy: aggressively reducing its domestic footprint while scaling up high-end engineering hubs in India. Under CEO Charlie Scharf, the bank has shifted from a growth-at-all-costs model to one defined by AI-driven efficiency and "Global Capability Centers" (GCCs).

The Domestic vs. Global Shift
While the total global headcount has dropped by roughly 25%, the impact on the American workforce is significantly more severe due to simultaneous offshore expansion:

Global Headcount: Dropped from ~275,000 in 2020 to ~205,000 today (a loss of 70,000 total roles).

India Workforce: Tripled from ~12,000 to over 36,000 employees.

U.S. Workforce: Fell from ~258,000 to approximately 164,000.

Total U.S. Impact: A net loss of roughly 94,000 American jobs, representing a 36% reduction in the domestic workforce.

Key Strategic Drivers
The AI Efficiency Multiplier: Leadership confirmed in late 2025 that AI-native coding tools have increased developer productivity by 30–35%. This allows the bank to maintain its output while reducing domestic headcount through "natural attrition" and targeted layoffs.

India as an Engineering Hub: The bank has transitioned India from a "back-office support" region to its primary engineering center. The Tower 4 campus in Hyderabad (1.2M sq. ft.) now serves as the global heartbeat for software development and data science.

Domestic Consolidation: U.S. cuts have been driven by the closure of over 1,000 physical branches and the "flattening" of middle-management layers to reduce bureaucracy.

Financial Reallocation: In Q4 2025 alone, the bank spent $612 million on severance to facilitate the exit of roughly 5,600 workers, clearing the way for a leaner, more offshore-centric 2026.

Critical Sources
SEC Filings (10-K): Annual reporting of total headcount from 2020–2025.

Investor Conferences: CEO Charlie Scharf's commentary at the Goldman Sachs Financial Services Conference (Dec 2025).

Regional Reports: The New Indian Express and HR Katha regarding the expansion of the Hyderabad/Bengaluru hubs.

WARN Notices: Public filings in Iowa, North Carolina, and Arizona documenting formal layoff rounds in early 2026.

My notice period is up, but I have not received my Separation Agreement paperwork. I reached out my the HR representative and was told it would take a few more weeks. This process seems extremely unorganized. Has anyone else had this problem? If so how did you handle or escalate this issue?

has anyone had any luck with negotiating a severance agreement with optum? i was laid off while on protected leave, and the severance agreement is laughable.

Still waiting on severance documentation.

Management isn’t providing much help
The 1-800 employee number hung up 3 times on me. Finally got a ticket in to figure out where my severance is. Good job outsourcing to India - really paying off

Found out they eliminated my position to give it to another person - is that even legal?

According to the severance agreement I was supposed to get my final paycheck today but it has yet to hit my bank. Is anyone else missing their final paycheck to?

As project Crane continues to sla-ghter headcount and increase exec compensation the job market becomes even more unfavorable leaving employees unable to pay their WF mortgages, car payments, personal loans and more. Severance pay is only for people with tenure. So many people we new to wells fargo just a couple of years ago which means at best they might see 2 weeks or so of severance. Pay your bills on that, good luck because its not possible. Unemployment in many states is around $200 a week. What can someone really do with that, NOTHING!!!!

FedEx is laying off 89 employees at a facility in Fort Worth. These job cuts will affect its Alliance area location. The company submitted a WARN notice to the Texas Work Force Commission on December 29. This action is part of a broader reorganization initiative to improve efficiency and profits. Affected employees have options including transfers, severance, or seeking other roles.

https://communityimpact.com/dallas-fort-worth/keller-roanoke-northeast-fort-worth/business/2026/02/19/fedex-to-layoff-89-at-alliance-location-in-fort-worth/

New update. Some branches will start staying open until 2pm instead of noon beginning April 25th. They are sick of paying those “free” hours when you work a half day Saturday. Also going to help more branch employees to quit so they don’t have to pay severance

Has anyone successfully negotiated a severance package? Is it pretty much set in stone or is there a wiggle room?

If so, what are some things and steps which someone might take to negotiate for a better package?

If we were cut today do we still get our bonus?

Give high performing employees a severance because they’re paid too much. Hire a Danos contractor to do the same job with much less liability and position cost.

Win/win. Take the severance buddy

Any insight to how JE/severance will be communicated? I got the call this morning, but nothing in writing…

I know many people are scared of layoffs, but I'm so fed up with this place that I'd welcome a severance package. Yes, I know it's hard to find a job right now, but I don't even care. Show me the money and I'll happily walk out.

Well, I’m out the door. Fun!

Dear Blackbaud,

We are writing as a collective group of Blackbaud employees in response to Mike Gianoni‘s message regarding the next phase of the Workforce Strategy.

While the message states that the workforce will not shrink overall, it clearly acknowledges that valued colleagues will be made redundant over the next 24 months. For those directly affected, and for those remaining, this distinction offers limited reassurance. A strategy framed around growth does not lessen the reality of job losses, role displacement, or the anxiety created by prolonged uncertainty.

The expansion of roles in India and the use of AI as a driver of saving costs is simply unacceptable.

If this strategy is truly about shifting capabilities rather than shrinking Blackbaud, then we believe the following commitments are essential:
1.A clear retraining and reskilling guarantee for impacted employees before redundancies are considered
2.Transparent criteria for role evaluation and location decisions

1. We demand a fair and equitable severance package for all impacted employees that reflects their service, contribution, and the disruption caused by these decisions.
   4.We demand that employees with outstanding vesting shares retain their full equity entitlements, with no forfeiture as a result of redundancy.

Given the erosion of trust and the uncertainty created by these decisions, we respectfully ask Mike Gianoni to consider resigning to allow for leadership better aligned with the values and stability employees expect. We are asking leadership to work with employees, not simply inform them.

We remain committed to Blackbaud and to our customers. We are equally committed to protecting our colleagues and ensuring that this transition is handled with integrity, transparency, and fairness.

Should leadership fail to engage transparently and address these concerns, we will begin organizing collectively and will consider industrial action

We look forward to meaningful dialogue.

Was picked and off payroll in 2 weeks. I didn’t find the PDF they sent very informative. Can anyone who’s been thru the process advise on best practices? What should I look to sign first, what should I handle first? What are some big don'ts ? Thanks in advance for positive assistance.

I have never been through this before, and am wondering how they notify people of JE. Does an email invite for an HR group meeting go out? Does your direct supervisor tell you? How are you informed of your severance package? My team and I are so worried. I wish we would know what tomorrow and the future holds.

They exceeded the 50 employee layoff in NJ and failed to file the appropriate paperwork with the state.

As a result, they’ve advised employees who were scheduled to be laid off in 2 weeks, that they will be on payroll for another 3 months.

The best part is, the additional 3 months still does not satisfy the law. So why don’t they file with the state?

The company must now pay 1 week for every year of service in addition to 4 additional weeks pay.

“No, simply keeping employees on payroll for an additional 3 months (or any period) does not satisfy or cure a failure to file/provide the required NJ WARN notice.
Under New Jersey’s amended Worker Adjustment and Retraining Notification (NJ WARN) Act (effective since April 10, 2023, with key changes from 2020 legislation), employers must provide 90 days’ advance written notice of a covered mass layoff, termination of operations, or transfer of operations. This notice must go to affected employees, their collective bargaining representatives (if any), the chief elected official of the municipality, and the Commissioner of the New Jersey Department of Labor and Workforce Development (via specific forms and methods).
The law does not allow “pay in lieu of notice” as a substitute for providing the actual advance notice. Unlike some interpretations of federal WARN (which imposes back pay liability for the violation period but doesn’t explicitly prohibit pay-in-lieu alternatives in practice), NJ WARN is stricter in structure:
• The primary requirement is advance written notice (90 days) to allow employees time to prepare, seek new work, or access retraining.
• If an employer fails to provide the full 90 days’ notice (or any required notice), the penalty is not avoided by paying extra wages or keeping people on payroll longer. Instead, each affected employee is entitled to:
◦ Mandatory severance (one week of pay per full year of service, calculated at the higher of their average rate over the last three years or final regular rate) — this applies regardless of whether notice was given.
◦ An additional four weeks of severance pay as a specific penalty for the notice failure (this extra four weeks is not prorated for partial notice; it’s all-or-nothing if the full 90 days isn’t provided).
Keeping employees on payroll longer might reduce some practical harm (e.g., they continue earning wages and benefits), but it does not fulfill the statutory notice obligation or eliminate the employer’s liability for the additional four-week severance penalty. The law emphasizes actual advance notification, not just compensation.
Federal WARN (which NJ WARN builds on but exceeds) similarly requires 60 days’ notice with no explicit provision for pay-in-lieu as a complete substitute, and violations trigger back pay liability up to 60 days.
If a company is in this situation, the best course is usually to:
• Provide as much notice as possible immediately (even if short).
• Pay the mandatory severance plus the four-week penalty if notice was deficient.
• Consult employment counsel, as employees cannot waive these rights without state or court approval, and claims can be pursued individually or collectively.
For the official statute text and filing details, see the NJ Department of Labor site (nj.gov/labor) or the 2023 amendments PDF. This is not legal advice—specific cases depend on facts like employer size (100+ employees nationwide), number affected (50+ in NJ), and exact triggers.”

Are we returning monitors and docking stations?

I asked HR answers and they only itemized laptop and concession device. I specifically asked about desk equipment and they did not reply to that part.
Also in the severance agreement it mentions laptops/other computers and devices. Nothing about Monitors/docking station.

What do we all suggest? Anyone from the previous rounds have any input?

Given the mandates to give a % needs improvement, does that mean those people won't get severance? Is that why they are doing it?