#severance

I refuse to work another weekend. Most days since the RIF notice have been 16 hours. My eyes are blurry. For what? Now, now it’s a priority to create documentation and do migrations. Before all this, just give to so and so.

If they withhold my severance sc--w it I’ll stock groceries at least the work ends when you leave for the shift. Good luck to all.

Poor Raises, Poor Severance, No Upward Mobility, Cafeteria Style Seating for Your Workday, Garbage Stock Price

Job Well Done John Stankey
Recent Warner Brother Sale to Netflix is another glaring Bat Signal, Exclamation Point, Nail in the Coffin at your utter buffoonery in running an Organization.
At a bare bones lowball minimum(aka what you sell assets for Stankey Style) you have cost shareholders $100B in equity value. At an absolute ceiling(what you buy assets for Stankey Style) you have cost shareholders $250B in your career as an Executive at ATT. You get played like a fiddle at the poker table time and time again but of course it is with other people's money and lives. Total failure in the business world.

"Laid off employees will receive the severance package as in the last cycle in calendar year 2025. Legally within the same calendar year terms of severance cannot be changed.

I also heard that after 5 December 2025, every employee who is laid off notices are given will receive a fixed 12 week severance regardless of seniority (meaning those notices going into effect in 2026). "

Has anyone else has insider information to verify or contradict this?

Nothing like going into the week before Christmas and being laid off! What a CR-P company! Looks like it is the Corporate support teams but who knows what areas will all be hit! Has this always been a thing for this company? If so, why do people stay or even start here? Is the severance worth the anxiety? Not sure if I should wait and see or try jumping ship now!

Anyone know when vacation will get calculated for severance.

I got the email. I am a high performer so it was not based on that. I suspect the offer is age based to get rid of the high salary folks. I am 62.
Exit date May 31 2026.
Depending on your level 8 - 26 weeks severance (26 weeks is VP level).
RSU - an additional year of vesting.
2026 Bonus will be pro-rated.
30 days continuation Medical
18 Months Subsidized Cobra (you pay what an employee pays).

Thought might be useful info, so bumping the post up. OP: @aq+1kbjqa3b6

There had been rumors that the severance package will be reduced next year, driven by expense and the cash situation. Anyone insights?

The quarterly earnings release is a good place to check for numbers. You can find it online. Q4 is obviously not available yet; these are from the Q3 report:

• Compensation, benefits, and related costs in Q3 2025 of $632.5 million decreased […] $16.3 million from Q2 2025. The decrease compared to Q2 2025 was primarily driven by lower salaries and benefits, reflecting a decrease in average headcount of 1.9%. Long-term incentive compensation expense also declined due to higher forfeitures. These impacts were partially offset by a higher bonus accrual. The firm employed 7,830 associates at September 30, 2025, a decrease of […] 2.9% from 8,063 associates at June 30, 2025.
• The restructuring charge in Q3 2025 of $28.5 million reflects compensation costs, primarily severance, incurred in connection with the July workforce action.

Setting up a new computer today and my access to the severance portal and Verizon benefits connection are no longer working. I haven't logged on in a minute so not sure when this issue started. Anyone else have this problem or know who to contact?

From folks who say, "The company doesn't have to give severance..." or "other companies do much less....".
What EFFIN BS.
Yes, WF HAS to provide severance. They have to abide by the employee handbook which they have published. For all you mo--ns out there who think WF is going above and beyond....LMAO! You are d-mber than a bunch of rocks!
WF HAS to abide by what they have committed to in their publications.
Yes, they can change it. But that will take time. They'll have communicate it, have to allow time for it to become policy. Even then, there will be challenges. Likely - as WF is wont to do, they'll sc--w some simply due to bad management or personal grievances. But, overall, any changes in policy will take time and have to be announced well in advance.
So to those of you who say, OH! But they are so awesome, they give sooooo much in severance!
I say to you, what a bunch of buffoons. You su-k. Totally and literally. Get a grip. WF only gives severance to shut folks up after a long tenure, then pittances for them. Why doesn't anyone talk about the employment contracts Sr. Executives get? With guaranteed bonus, guaranteed retirement, guaranteed yearly increases (based on actual, things that are written down)?
Yep, what a bunch of losers that decry what we, the workers complain about. We, the workers - are due MORE. MORE than what we are getting when we are thrown to the curb!!!
Just saying, had to get that off my chest. OK everyone, go back to your bingo games.....LOLOLOL

Today was supposed to be a day for more cuts. So, who got notice that they are getting a big check and subsequently running away from this dumpster fire as quickly as possible?

My payout is wrong. The numbers do NOT add up. Called benefits hotline and they couldn't understand where the payout is coming from either. Do not leave anything on the table.

Thread title and anyone have any idea if they were to do so how long it would take to change it?

Maybe it would be a good idea to go find a new job now before the lay-offs. The longer we wait, the less likely we will find another job with all the competition. Especially if you only get the little management severance package. Why wait ?

This LHH service seems to be a little value. It seems that the voice mode of one of these LLM‘s commercially provided as better. And what’s up with this $20 million fund has anyone actually heard anything about that about what it is and how to enroll it? I’m tempted just to ask for the cash.

For those that are hanging out here after going through it, do you find these outplacement services to actually be a value or is it just a way for corporations to make themselves feel better?

Also really happy to be doing migrations of applications all the way up to 15th. Really happy to have everyone reaching out for things to be documented when it wasn’t a priority year prior. This is wonderful. What is it almost there we’re almost fricking there good fricking riddance.

So for those of you who aren’t getting information from your managers, directors, etc., the workplace relocation notifications are going to take place beginning first or second week of January. If you’re not in one of the 40 key network locations, the four hubs or one of the 10 to 12 other approved locations you will be getting notification to move to a new office location.

If you’re within 50 miles of your new location, you’ll be expected to start reporting within 60 days. If you’re over 50 miles you will have 60 days to say whether or not you will accept the new location assignment if you say yes you will have until late spring early summer 2027 to make the move if you say no in all likelihood, you’re off the payroll by June 2026. If you say yes, and then the year passes and it’s time for you to go, and you say no, you’ll be terminated without severance.

Everyone, regardless of your role or your organization is affected. Whether you’re a national employee, original employee or a market based employee all these rules apply and many of us are already being told unofficially where we’re headed.

This is all part of a two prong effort to reduce headcount and also reduce real estate footprint. So the company will reduce real estate footprint and obviously save money by selling off those buildings and/or ending leases. Secondly, they’ll save money with a reduced headcount because there’s going to be people who say no right out the gate and others who will leave the company in the term or when the time comes further reducing headcount considering how many people this affects it’s gonna be a pretty steep cut in headcount when it all shakes out.

I was able to negotiate a better severance package. The company recently bumped up its severance fund to $205 million, so theres more room to work. I got extra compensation and more months of outplacement services. Definitely try negotiating. They're open to it and it's worth asking

“Laid” off as part of a small wave of layoffs has n 2025.
Usual pattern:
layoff 20 +/- employees to avoid WARN notice requirements.
80% of employees “laid off” are over 40
Require employees to sign Separation and Release agreement to receive pay for accrued vacation and a not so generous severance of 2 weeks thus avoiding EEOC reporting.
Wait for review period of separation and release to expire.
Advertise same position and hire a younger employee to fill position.
Rinse and repeat.

Has anyone who was forced out due to RTO found an attorney willing to pursue severance claims against BNY? If so, could you share their name?

I heard they cut some of the fat cats at the top of the hierarchy. They are making them reapply for their positions while also providing severance pay? I haven't noticed any of those positions listed either internally or externally. From what I hear, they covet fresh ideas and are looking for external applicants for those positions.

Did they just decide they can manage without the higher salaries at the top? I worked near one of them, and they always seemed to be doing nothing at all, they are from the Maryland area. They complained half the time about their direct report and the other half just looked busy and left early often. I know WIM sales is very heavy with people making too much. Is this a sign of the future? Cut from the top and move down instead of the usual cut from the bottom and gradually move up?

So my off payroll date is December 19, but reading the severance agreement and FAQ it looks like I have 45 days to sign the agreement, which means I could sign it in January 2026. So on a cash basis I would think this means the severance payment would be for my 2026 tax year and keep me in a lower tax bracket.

Has anyone else considered this approach? Would any benefit or payments be given up by delaying like this or is the only real drawback just a delay in receiving the severance payment?

Can you take a short term temp/contract job and still receive the warn severance? Would it cancel it out?

curious if TF gives severance and for how many months

What the f Wellsfargo? I have been working here since 2007! Is it how you treat your employees now? FU!

I’ll get the ball rolling : 300 from non mfg and 200 from mfg axed.
Package not bad 25 mths but company can pull the plug anytime up to your departure date and have you stay.

Ok start gibbering !

Teradata just rolled out a voluntary separation program.

given we have lifted the asset cap and are extremely profitable, one would think this years comp would be one of the best in a while, but from what I hear it's going to be one of the worst. Guess they need more money for severance and stock buy backs.

So, now that the limitations have been lifted, now that we've started minting money, would it be possible for the execs to stop playing games with us and just pay severance pay for the roles they no longer need? They may as well stop to overwork us, make us work insane hours, play games and give us fake write ups just to make us quit. Sooo.... Pay severance and let's part ways.

Yep. And it was a significant one too. Like almost a year's worth. Why? Because the Atty's reviewing the documents and the facts of the severance.....said nope! Way more $$ by fighting it out. Turns out, there is a line of business which has been doing "funny business" as it were. And soon, the truth will be coming out.
For my friend's sake, I sure do hope so. That was a brave act, IMHO.

Made a mistake not opting for VSP last year… now I am stuck with 25 years and not getting riffed… if they don’t offer VSP soon, I may be forced to just resign with no severance package… call me lucky or privileged, but am looking for suggestions

You’re seeing more and more AEs talking about PIPs on the rise. Not because performance suddenly tanked, but because targets quietly drifted into fantasy-land and Dell doesn’t want to pay severance.

After years of top performance and multiple company awards, being labeled a ‘low performer’ during a severance call was surprising and discouraging. The lack of appreciation, combined with sudden goal increases and new write-up policies tied to severance eligibility, made the process feel more like pressure than professionalism.

I have sent in my paperwork. There is no phone number to call. Email to alumni@xerox.com goes unanswered.
Can anyone assist.

Asking for a friend. What would be their response?

AI promises were made that it’d save TONS of $ and it has not. Now is the time to pay the piper and there are shareholder expectations to be met. They are expecting lots of cheddar on the promises made. So, you have to recoup that money from somewhere.
Lay people off + a reduction in force by way of attrition. Turn up the heat, pile on the work and watch people leave which is a big win so that you don’t have to pay out severance.

The best part that is that Jane still gets her extra 20+ million $ bonus….again. As far as Citi upper echelon is concerned, all is right with the world.

they are silently reducing people and giving out severance packages already. More to come. Before you ask me how I know. Go to your outlook and lookup “usrifsupport@thomsonreuters.com”. Then ask me again how I know and why I would be d-mb enough to tell you all. Not fear mongering but all I’m saying is just apply and keep your resume updated just in case because this isn’t TR specific and all organizations are downsizing due to AI.

What do we think the size of the pre Christmas layoffs will be ? It seems like the top ones are early in the year and mid year , or have they also hit it hard before Christmas to avoid paying the match ?

Anyone find anything interesting in the OWBPA document for their groups in the severance portal? I was surprised to see how many people in my group were affected and the band levels

here is as i preserved it:

Original post: Layoffs started today, targeting work from home employees.
Posted 25 days ago.

Replies:

• Someone with a manager friend said no employees were cut in India and the India office is actually expanding.
  (16 days ago)

A user noted that something mentioned earlier has been in place since September.
(20 days ago)

Several people expressed sympathy for those laid off and asked about severance amounts.
(20 days ago)

A worker warned that company laptops have tracking software logging keystrokes, emails, and online time, and that data is sent to HR.
(20 days ago)

Another person shared a link to a post on X.
(20 days ago)

Layoffs reportedly began in Dublin as well.
(21 days ago)

Someone questioned why another user thought Canada would be next.
(21 days ago)

A commenter said that unless you worked more than 5 years, you did not receive 60 days of severance.
(22 days ago)

One employee from Delivery said they were let go a week after starting maternity leave.
(22 days ago)

A commenter suggested people start job searching or take early retirement. They said no WARN notices were issued to avoid media coverage.
(23 days ago)

Another said that everyone’s computer now has Sapience monitoring software and that you should always appear productive to avoid being cut.
(23 days ago)

One aggressive user responded rudely to others, which was downvoted heavily.
(23 days ago)

A user called the CEO a puppet controlled by Clearlake Capital and compared him to Elon Musk.
(23 days ago)

Another user angrily rejected mandatory cameras and status reports.
(23 days ago)

Someone reported that Product and Sales teams took a big hit.
(23 days ago)

Another person confirmed that a specific employee referenced earlier is also gone.
(23 days ago)

A detailed personal story
One employee wrote they were laid off and said morale is at an all time low. They described mandatory camera usage and weekly work justification summaries as toxic micromanagement. They said the CEO’s leadership style feels insecure and that this is a good time to leave a sinking ship.
(23 days ago)

Another user said Clearlake took a terrible bridge loan and that D and B is now trying to slap AI features on products to impress investors.
(23 days ago)

Someone noted that with over 3 billion dollars in debt, layoffs barely matter and that business units may be sold next.
(23 days ago)

Someone believed Canada might be next for cuts.
(23 days ago)

A commenter said the President of North America was gone.
(23 days ago)

Someone claimed more cuts are coming in the new year.
(24 days ago)

Another confirmed about 150 layoffs in total.
(24 days ago)

One user said the place has become terrible and advised everyone remaining to update their resumes because more cuts are coming.
(24 days ago)

Someone criticized the CEO for being in Europe while layoffs happened in the US.
(24 days ago)

A user asked which departments in Canada were affected.
(24 days ago)

Someone said approximately 200 people were laid off in North America and that this will impact Operations.
(24 days ago)

Another asked what “bc” meant.
(24 days ago)

A person responded with “80”, possibly referencing headcount.
(24 days ago)

Someone said they were let go while physically in the office.
(24 days ago)

Another asked whether severance was given.
(24 days ago)

A commenter said they personally knew of three layoffs: a project manager, a DevOps employee, and an ITSM developer. Two were in the US, one in India.
(24 days ago)

Another said valuable employees were let go and incompetent ones kept.
(24 days ago)

Someone explained that failing to issue a WARN notice usually costs a penalty equal to 60 days pay, but if the company gives two months of severance, that effectively neutralizes the penalty.
(25 days ago)

Public sector teams also experienced cuts.
(25 days ago)

A remote project manager in Texas was let go.
(25 days ago)

Someone encouraged laid-off employees to update LinkedIn, reach out to their networks, and asked how the layoffs were conducted (meetings or phone calls).
(25 days ago)

Another detailed scenario:
Client Success employees in Center Valley were affected. Even though they were hired from that office, their cost center was moved to Harrisburg after an acquisition in late August. They believe this shift was used strategically to avoid triggering WARN notice requirements tied to single-site layoffs.
(25 days ago)

A user asked which positions at which locations were laid off.
(25 days ago)

Another said the fine for not doing WARN notices is small enough that the company can easily pay it.
(25 days ago)

Additional replies toward the bottom

Someone asked everyone who posts to include their department and position.
(25 days ago)

A commenter said they too were laid off while working from home in the US.
(25 days ago)

Another person said they were let go from CyberSecurity.
(25 days ago)

Someone believed that WARN notice applies when 60 or more employees are affected.
(25 days ago)

A user asked others what roles they were in.
(25 days ago)

One person said they were let go but saw no WARN notice for PA, FL, or NJ and asked how the company is avoiding it.
(25 days ago)

Someone wrote that their position was eliminated that day.
(25 days ago)

Another person said they were in the office when let go.
(25 days ago)

Another confirmed they had just been let go.
(25 days ago)