#severance

Posts mentioning hashtag #severance

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Forrester Research Announces Workforce Reduction and Restructuring Plan

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 Closes Franklin Bakery, 92 Jobs Eliminated

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/


Take the severance and RUN!!!

Those who were impacted at the end of January, take the money and run as far away as possible from this place!!! A lot of non member contact employees are going to be doing the work of 3 people once this reorg is complete. Like the agile transformation 3 years ago and the massive failure that was, does anyone think this reorg will be any different.


Layoffs can bring new opportunities

Layoff sometimes gets you out of bad environment what doesn’t work for you or the employer for various reasons. Regardless whether layoffs will transform Walgreens or not depends on who they keep and who they layoff. Some time it may seem like easiest thing for the decision maker to do is ask the management but what if poor management is what is hindering the company from making progress. Anyway, the best thing to do right now is wait for the changes. Recheck if you see light at the end of the tunnel after they make changes if you are still there. If you don’t like the changes and you did not get picked for layoff with severance package you hoped for then you should look for new job so you can make your life better. With that, the ball is in their court to take proper steps including re-organization, office that works for all, right person in right role etc.

Staying positive and hoping for the best is all you can do. Hope you all have a great weekend now. Don’t pay attention to all the chats and catch a great movie tonight or watch the Superball. But come back brave tomorrow.


Class Action for change of control severance

One interesting use case for AI is to analyze all merger of equal transactions, notably WPX and Coterra with Devon. ChatGPT seems to think there is a possible claim to be made that Devon employees should be entitled to change of control severance since WPX and Coterra employees were also entitled to COC. I’m not saying Devon employees who are severed should pursue legal action, but they should consider writing their legal documents differently.

Given how much Devon’s presence means to okc you’d think they’d treat their employees better. There’s also probably some TIF clawback provisions okc could go after if someone from the news wanted to run with this.


Did anyone receive the separation agreement for the mid Jan RIF?

I have been waiting for the doc more than 3 weeks since I was informed on the RIF in mid-January. I am not sure why it takes so long to send the standard Docu sign via email on the separation. I just want to make sure I am not the only one. Did anybody receive the separation agreement?


Employment Separation Summary

On July 31, 2025, I was contacted by my manager’s manager via Microsoft Teams for a brief meeting late in the day. During that conversation, I was informed of a workforce reduction and the company followed its standard separation process. Immediately after the call, I returned my company laptop to a colleague and my system access was concluded.

On August 7, 2025, a representative from Human Resources formally reached out to review the details of the separation, benefits, and transition process.

My official last working day with the company was November 19, 2025.

On December 2, 2025, I received my final paycheck, which included payment for all accrued and unused vacation time.

Finally, on February 7, 2026, the company issued my severance payment in accordance with the separation agreement.


Victra

Recently riffed and took severance. I recall seeing there was a “6 month cooling off period” in our severance details but I have logged into the severance portal and that information is gone. I cannot find anything regarding the details of the 6 month cooling off period. Only thing in my severance document is something stating that if I am re-hired by a Verizon company within my severance period I have to repay back a portion of my severance. Are we allowed to work for victra if we accepted severance or that is considered a Verizon company?


What “JOBS”??

Where are all the “JOBS” that Amazon promised would be available to the 16,000 they laid off this month? Where is all the “SUPPORT” they claimed they would provide us to find alternative jobs within Amazon? Where is the “…..WORLDS BEST EMPLOYER” support Amazon promised us? Why are all the jobs disappearing from the internal jobs site all the sudden?

This horrendous company, albeit they paid me great money and moved my family and I across the country, bait and switched me only to be laid off and unable to afford moving back to where I called home. So here I am, sitting in front of a laptop looking for non-existent jobs from hiring managers that fail to respond to a courtesy slack introducing myself and explaining why I am reaching out (basically that I’m about to be homeless) today. When they do respond back, why are they telling me the role has since been filled when it was JUST posted three days prior?! I am OVER qualified for positions I am applying for and STILL no response.

I have been with Amazon almost a year and a half. The most recent Forte landed me TT, as confirmed by receiving a copy of the letter of recommendation from my L8 supervisor. I have had three different L8 letter of recommendations sent to one specific hiring manager, whom responds back to them stating they will reach out, only to have zero interaction with said “hiring manager”.

I have been assured, multiple times from a reputable source, that I will be offered a role before the date ends, but how am I honestly sleep at night when I have yet to receive any communication. Do not think, for so much as a second, that I am an HV1/2 or even HV3, I have proof I am TT. If someone who is “valuable” to Amazon, why do they allow me to feel like that nasty urinal cake from the men’s room of a sleezy capital hill dive bar?

This is absolutely depressing to say the least, this company has me sitting here contemplating things nobody should ever have to contemplate. I truly feel like I am being buried alive with a plastic stir stick to breath from.

Wish I had someone to help, someone like myself as I help my team find jobs. Ironically, to which I have already landed 3 of my 7 direct reports with roles before their severance date ends. Meanwhile I will likely be unemployed come May since nobody is helping ME find a job. How’s that for “… WORLDS BEST EMPLOYER”?!


I won't complain if I'm let go

I certainly don't wish for anyone to lose their job. I just want my severance so I can be on my way. This place has been toxic and utterly exhausting. There's only so much you can endure before it erodes your well-being. There's a whole life I've been missing out on for years. Don't ever let work monopolize your mind and time. The sacrifices never truly pay off in the end.


Where's Bank salary/benefit expense going?

Between Q3 2025 and Q4 2025, FSB reduced FTE headcounts from 13,221 to 12,824 (379 FTE reduced). However, Salaries and Benefits expense went up from 1.74 billion dollars to 2.32 billion dollars. This does not include bonuses since bonuses are paid out in Q1 2026. Has Bank really spent so much on severances or has Bank hired highly compensated employees while cutting MSRs?

You can look up the numbers by going to FFIEC call report.


Citi layoffs

I was speaking with an attorney friend that mentioned he just settle 2 labor lawsuits. 1. A President of a banking institution pronounced am employees name incorrectly for 14 years. 2. A SVP gave praise to ab employee for saving a client relationship. 3 months later they were fired for an unrelated incident. They sued that bank! My point in sharing is I was Job Discontinued in Aug. 2025. It is not Feb 2026 and I have yet received my severance. Citi has NOT MET THE TERMS OF THE AGREEMENT!!!! When escalated the date keeps moving with NO EXPLAINATION! Seems like i have a case. Just sad I enjoyed working for Citi for over 20 years. What they have done to me and the other 500 people JD in Aug 2025 is unfair and unjust! To the other 20k employees thay will be eliminated good luck!


Question on RSUs

Now that we see Crown Castle is going to weasel out on the RSUs for the 20% of people they are laying off tomorrow, it made me wonder about this corporate squeeze-play they are doing with RSUs for those in the perimeter.
I’ve been a project manager long enough to know when a project plan has a massive hole in it. Right now, the company is spinning this "retention incentive" like they’re doing us a favor. But look at the math: they are accelerating what we already earned from last year, while completely cutting us out of the 2026 LTI grant.
There are over half of us moving to Zayo or EQT. That means over half the company just got hit with a massive compensation gap while those remaining get the full bag.
For those of us in the field, those RSUs are a huge part of our total pay. If you take that away, it’s basically a constructive pay cut.
A few things that don’t sit right:

  1. The SEC filings say the company has to operate in the "ordinary course of business" until the deal closes. Skipping a standard annual grant for a couple thousand people doesn’t sound like "ordinary course" to me. It sounds like a budget hack to make the books look better for the buyers.
  2. Does this trigger "Good Reason" for us having a material reduction in compensation is grounds to walk with full severance.
  3. We already saw the Byler v. Crown Castle class action pay out for the California crew. Do they really want 2,000 more of us filing a bad faith suit while they’re trying to close a multi-billion dollar deal?
    Accelerating my old money doesn't make up for stealing my new money. If Zayo isn't putting a "bridge grant" in our offer letters, Crown Castle is leaving us high and dry.
    Time to stop being "Castle Casualties" and start asking questions about our rights, too.

Team Member Checking question

Hello, Does a Team Member Checking stay a Team Member Checking through the 60 day Non working employee period? Is it possible it could stay a Team Member Checking for the other 12 months of severance when the 60 days expires? BTW, Wells Fargo has excellent service for check ordering. I was worried with the Ice and bad weather it may take more than 10-14 days for my checks to arrive. I received them today. Thank you Wells Fargo and your check supplier.


Optum lay offs

Does anyone know how long severance pay is? As a UM nurse we have hardly had any cases come through for all markets for over a month now. They said some members may be moved to the California team but they have not asked anyone to apply for CA license.