#severance

For those who have questions or wondered about your coworkers in the Philippines : well here is some info. Once they are hired it is near impossible to fire them. They have extreme rights. The country is employee friendly so if a company wants to terminate them they have so many steps . First you have tell them that they have commited employment violation in writing , than they have to be given advisement letter which than they have to respond. Than after that there are all kinds of administrative hurdles and if you are successful they are than paid severance of half their yearly salary for each year they have been there . So if 15 years than half their salary for each year they have been there and apparently fraud is rampant in the call centers with tons of teams doing all kind of financial fraud with the manager and the teams manipulating the incentive with some teams making up to 5000 a month each in pay and no one is able to catch them. They lose millions to this fraud.

Anyone knowledgeable of how to challenge being RIF. I believe that was terminated because of my age (56 years). Question #2 How could avoid big tax bill on my severance payout ? Can I roll it over to an IRA ? Thank you and Good luck to all.

I heard a rumor that sometime next year USB will begin telling remote employees to move to a hub or they will be considered voluntarily quitting - so no severance. Don’t think this could realisticall happen all at once so I imagine it would be phased. Anyone know if this is true? I’m in a weird situation where my entire family works remotely for USB. They closed our hub so this would be devastating.

So myself, along with a few others I know were let go earlier this week. We were told it was because we were being ranked “below expectations” even though NONE of us ever had a bad rating in the 10+ years we all worked there and after our Mid-Year reviews, when we were marked trending towards BE,discussions were never had with us on how to bring those ratings up. I know that this has become the trend around BNY the last few years and it’s how they try to justify things. When we were let go(we were in different departments in the bank), we were told that we will remain employees of the bank throughout the end of the year, the we will receive a separation agreement letter from HR about staying as an employee for 60 days, through the end of February. And we will receive pay for the final 60 days. I am not sure if this is what they’re considering severance pay or something else. Not much information was given and any questions asked were left unanswered. Everything was told to me by my manager and I had zero communication with HR to this point. Has anyone else also experienced this recently? If this is severance, I’m not sure how it is calculated. I was always under the impression that severance pay was 2 weeks for every year you worked, up to 20 years, but maybe I’m wrong. Will I have someone from HR reach out to me prior to receiving my letter? I had the mail courier show up at my house yesterday with 2 empty boxes to ship back my laptop and monitor. If anyone else has been dealt with this over the last week or recently and can give further guidance on what to expect, that would be greatly appreciated as we are left in the dark here. A few of us were fully WFH and some of us were Hybrid. Thanks for the info.

Be thankful you Good Folks are receiving nice severance buy outs. I work for a small firm and they let me go . What I received was 2 weeks pay per year work. So I worked for them 10 years and all I got was 20 weeks pay with no insurance. Good folks be thankful look at my situation.

Curious if anyone has heard of severance changes starting next year. Employee Handbook isn't available until January 1st.

I will hopefully be surplussed on December 15th and thus will be leaving the company with 104 weeks pay. Afterwards I'll collect unemployment for as long as I can. Then I'll start taking my legacy pension, my 401k distributions and my social security. Meanwhile I will continue doing the least amount of work i can get away with without getting fired all while lmfao.

So this is just classic. They laid a ton of people off and the system that we are all supposed to log into to review our severance and search for jobs isn’t working. I personally know over 35 people that aren’t able to login. We all just keep getting told we’re working on your ticket. This is great, get fired on Tuesday. Told the next steps to look for a job and view your details about your severance is to login and it’s still working and nobody can answer any questions. Class act.

The executives at Verizon who announced their retirements are getting big bucks to leave at the expense of employees. Most who leave have do-nothing jobs with no direct reports until they're off payroll, then get 60 weeks of severance with full benefits. These are the people who made the bad decisions, like buying Yahoo, over-supporting volunteerism, DEI programs, ERGs, Super Bowl parties, private jets, big consultant spends, etc. etc. F them.

This is a theory. They implemented this new bag check policy the same week that DM's emphasized on the weekly conference call how SM's have to be working 8-5 (no matter your store hours) while also emphasizing how they're tracking bags checks full force. I'm curious if the bag checks are actually being implemented to track what time the SM's are leaving their shifts. This would give corporate leadership the advantage to make ER easily give the OK to terminate SM's after the holiday to avoid severance for (theory) layoffs after R2R. Just a theory. What are your thoughts?

Xerox Holdings Corp (NASDAQ:XRX) announced the appointment of Chuck Butler as chief financial officer, effective December 3, 2025. The company disclosed the executive change and related compensation adjustments in a statement filed with the Securities and Exchange Commission.

In connection with his promotion, Butler’s annual base salary will increase from $500,000 to $550,000. His target annual bonus under the company’s Management Incentive Plan will also rise from 80% to 100% of his base salary. Butler will be eligible for a long-term incentive award in the 2026 annual cycle, with a target grant date fair value of $2 million, and may receive additional long-term incentive awards in future years, subject to board approval.

Butler will receive a monthly housing allowance for 12 months, not to exceed $70,000 in total, and will continue to participate in Xerox’s benefit plans, including executive financial planning assistance and other executive benefit programs.

The filing also states that Butler may enter into a change in control severance agreement with Xerox Holdings. If a change in control occurs before December 31, 2026, and Butler’s employment is terminated without cause or he resigns for good reason within 24 months following the change in control, he will be entitled to a lump sum cash payment equal to two times the sum of his annual base salary and target bonus, as well as continued medical, dental, and vision coverage at active employee rates for up to 18 months, subject to certain conditions.

Heads up. If you're in a state that makes companies pay PTO after termination, look at your final check.

They paid roughly 1/10th my actual PTO and calculated the hours wrong.

Email them now before you sign any severance.

Hi team,

As we’ve shared, PowerSchool is entering a new chapter focused on simplifying, streamlining, and strengthening how we work. We’ve been transparent about the need for change to drive sustained growth and unlock the value our customers expect.

As a result, we are moving forward with a restructuring of our organization to streamline our management model; one built for clarity, accountability, and speed. This will help us focus on what matters most: delivering for our customers, strengthening our operations, and setting PowerSchool up for long-term success.

Today, our PX and leadership teams are meeting with these impacted individuals. For some, today will be their last day at PowerSchool, while others are being asked to remain in their current roles for a transition period before departing. Furthermore, as part of these personnel changes intended to streamline our operations, we are moving some employees into new teams. This is the only company-wide workforce action planned based on our projected performance going forward.

I want all our employees to be aware that these actions are taking place now and that the notifications will be completed by close of business local time. After we complete the notification process, I will be hosting a global Town Hall at 8AM PT on December 11 to address open questions and share additional details of what’s changing and what’s ahead.

This is a comprehensive effort across all our company operations to eliminate redundancies and unnecessary costs. We looked at consolidating our technology stack, removing underutilized or unused applications, and simplified processes to reduce costs in other areas of the business.

While this yielded significant savings, we’ve had to make the difficult decision to downsize our workforce to eliminate duplicative work and realign our organizational structure with current priorities and performance. This decision was not made lightly. The individuals impacted have contributed to the success of PowerSchool and in general they have all performed well for the company. We wish them the best in the future.

We are supporting every impacted individual through their transition with as much clarity and care as possible. Employees that are separating from the organization will receive severance and additional compensation based on tenure and local regulations. They will also receive continued support from our PX team as well as outplacement services.

This is a difficult time for impacted employees, so we ask for understanding and kindness towards these colleagues. Please take time to support one another and reach out to your manager or the PX team if you have questions or need any support.

Thank you,
Antonio Pietri, CEO

Did you get that email this morning too?
WTF...sounds like Hatchet Dan doesn't have a plan?
I would LOVE to send him my thoughts...but I need my severance pay! LOL

Retired / Surplus AT&T Managers, when did you have to choose Lump vs. annuity at separation? The day of your exit package, or sometime later?

My supervisor didn't know and I can't seem to find this info on HR One Stop.

Thanks!

I just wish they would let people volunteer to be let go with severance. I’ve been at TMO (Lvl 7 in a headquarters role) for 10 years. There are very limited opportunities to change roles and even fewer opportunities for advancement. At this point, I’m ready to cut my losses and try something different as I don’t want to be miserable the rest of my working life or worse, be let go when I’m older when the chances of retooling or finding something else will be more challenging. At this point, regardless if I’m an active employee or not, my attention will be spent finding alternative options.

With the 401k funding change, could severance packages also change?

The only way I'm leaving is with a package. I can wait you out evil company.

From an HR contact - make no bjg purchases in the New Year. Many more positions to be eliminated starting end of January, continuing into February. You may get bonus as a part of your send off package. Engineering, maintenance, IT, LEGAL, HSE, ERR, Purchasing, and other administrative roles are in scope!

I've known this guy for over 20 years. He used to reply to my texts instantly, even on weekends. I know his family, etc. But now he's ghosted me and left me on read. I sent another note, and he ghosted again. How threatened are the higher-ups to speak on their packages?

Hold on and wait for the severance package. It’s coming anyway.

Five peeps in 2 weeks terminated, not laid off. I’m not convinced all of them went through performance improvement process. We know job reductions are coming in 2025, is this the norm so they don’t have to pay severance?

No unexpected changes?

280 people, ISG all roles, even managers, directors. packages

under 50, 1.6months per year until 14, 1.5months per year from 15th year, no year limit

for more than 50: 1.9months per year until 14th year / 1.6months per yearn from 15th year

au revoir Dell

The thought of near-certain severance is the only reason I am still here. Otherwise, I would have left long ago given the uncertainty and constant stress.

ASTLs being offered severance or to reapply for open TL spot end of Q1 2026

It is very frustrating to see job postings with the same title that were laid off in October. Why would I apply for this role, will it be offshored soon too? Thinking I will just take my severance and move on. I don’t want to get a new position in Cargill only to go through this again….

Has anyone in the October 29 Layoff recieved their lump sum yet? Official last day would be November 29th.

I was employed with Bank of New York Mellon (BNY) for approximately 26 years. Throughout my tenure, I remained in good standing with the company and maintained a consistent performance history..

During the first nine months of this year, I reported to a different manager than my current one. I completed both a beginning-of-year performance review and a mid-year performance review under this manager. In both reviews, my performance met expectations, and I was never advised of any performance concerns, deficiencies, or behavioral issues. I did not receive any verbal or written warnings, disciplinary notices, or improvement plans during that time.

My manager specifically told me that I met expectations and that he had spoken with colleagues with whom I worked directly. He stated that no negative feedback had been reported regarding my work or workplace behavior. At no time was I made aware of any issues that might jeopardize my employment. There was no documentation provided to me demonstrating poor performance or any other cause for termination.

Without prior notice, I was informed that my employment was being terminated. I was immediately instructed that I did not need to return to work for the remainder of December, and that all of my system and workplace access was removed at that same time. I was not provided with any explanation or supporting documentation demonstrating cause for termination or identifying any violations or performance concerns.

I was then told that I would receive a separation agreement by email and that I would need to sign this document in order to receive additional severance pay. Specifically, I was informed that if I signed the agreement — which includes a waiver of rights — I would receive an additional sixty (60) days of pay covering the months of January and February. I was told that if I did not sign the agreement and waive my rights, I would not receive this additional compensation.

At the time of termination, I had no pending disciplinary matters, no documented poor performance, and no warning of potential job loss. I was terminated abruptly after more than two decades of continuous service, without explanation, documentation, or an opportunity to address any alleged issues. I was effectively presented with a condition where I must waive my legal rights in order to receive severance compensation following an unexpected termination.

I am currently seeking legal representation from an employment attorney or firm that has experience representing former BNY Mellon employees or handling similar wrongful-termination and severance-rights cases involving large financial institutions. I am specifically looking for counsel who has previously dealt with situations involving long-tenured employees terminated without cause and asked to sign separation agreements to obtain severance pay.

Well kinda ironic I signed my severance package and since then I am having log in issues and can't get past the VPN. Im in a no fault state and with everything going on. Nothing surprises me anymore.

did anyone receive RSU's after layoffs? In my final letter, they haven't mentioned anything specifically about RSU's but on my etrrade it shows RSU vesting pending.

I swear, if even one of them — ideally some crypto-rich ba----d who’s already set for life — just quietly refuses the package, keeps vesting, and then unleashes he-l…Organizes the PSRs, starts a union drive, dumps every single Slack thread, every off-record call, every “alignment” deck, every real comp band doc, every actual burn numbers, every lie they told the board, every threat they made behind closed doors…Then spends the next three months or 3 years doing every single podcast that’ll have them — Bartlett, 20VC, Dwarkesh, Cerebral Valley, Piratul, the works — no fear, no filter, just pure napalm truth. Stock’s down $25+ before the first episode even drops. VCs panic-selling. Recruiting becomes radioactive. Customers start calling asking wtf is going on. All because one person decided the truth was worth more than another few million. I’m begging the universe: let there be one. Just one who doesn’t cash out and shut up. Please. Someone be that guy.

as a merchandiser of 15 years iwish I was offered a severance package lol

are folks that get severance supposed to talk about what they got if it's a more generous payout than what the policy allows (2 weeks for every year)? do fired employees get severance? Has anyone heard of such a thing?

Who is hoping to be laid off ? How much is your severance pay? 💰

What happens when an employee is laid off after a divestiture? Like when a severance is paid how many years of service is taken into account: is it the number of years at OT or at the new company? or do employees get a severance during divestiture? what happens to their PTO days etc.

https://cigna.wd5.myworkdayjobs.com/en-US/cignacareers/?Location_Country=c4f78be1a8f14da0ab49ce1162348a5e

look at the list of people they need in India. if that's your current role then you might want to start writing to your senator, to Trum, etc and let them know about this. because once you get laid off, you will have to sign something saying you can't retaliate, etc, if you want your severance.

I was paid just fine during the 60 days, and I submitted the severance docs early on. I didn't get paid on 12/5 though. It's there a delay for the first severance check?