#severance

One of the directors in EACX mentioned that they have been asked to share a list of potential employees who are not critical to the team and can be let go if required. Not sure if it is bank wide or just some orgs.

Augusta Sportswear, also called Momentec Brands, will close its Sidney distribution center.
Closure date is January 30, 2026.
58 workers will lose their jobs.
All layoffs happen at once.
Reason is consolidation to a new North Carolina facility.
Company cites softer demand and rising costs.
They expect better service and lower costs after the move.
All employees will get severance.
One role will relocate to North Carolina.
A few roles may switch to remote work.

After 3 weeks, the separation agreement is finally done. Dell is covering 2 months of COBRA insurance (they cut us off a full week BEFORE he was laid off).

How long did it take for y'all to get health insurance reinstated? We're in OKC and I've been without medication for a month now. It's way too expensive to pay out of pocket (thousands). I'm afraid it'll be too late to use it by the time they reinstate & backdate it.

My husband signed his severance paperwork yesterday (after waiting for 3 weeks for them to get it to him) and they agreed to cover 2 months of COBRA.

How long did it take for them to reinstate the coverage after you signed the paperwork? They canceled ours a full week BEFORE he was laid off. (They claim they are "looking into it") But I haven't been able to refill medications ($$$$$) or go to appointments for almost a month now. I fear they will reinstate it too late for us to be able to use it - with the backdating.

HW returned already. What's the ETA of final settlement ?

Today i was told I'm being affected. 2.5 YOE with severance 4wks pay.

Not sure how it works in US but feel free to comment. Maybe just Allstate Northern Ireland folks. Would you take a 9 month salary Payoff next week if offered or stay and ride it out a while longer?

Thumbs up yes, Thumbs down no.

Genuinely interested to see.

Me, I'd hope for a payoff in 6-12 months but not currently so probably a no

3 yrs ago my children passed away from a rare form of cancer. This last yr my marriage fell apart. I've never even told anyone even close this at work. I dont want to be another sad story sounding pathetic, but I would very much like to be laid off. I want to feel something again, not numb, not seeing sad faces, fake faces at work. I've been thinking if I get a package I can go live in Mexico or something for a while, the people there seem happy. Any advice is welcome.

Is there a cool down period after layoff at Oracle. If I got terminated and collected my severance , how long before I get rehired ?

Bored. I can’t hide the fact that I’m nervous about layoffs. I’ve been with the company for over 8 years.

If you’re open to sharing, how many years did you work for the company, what was your salary at the time, and how much did you get paid? Did it include bonus? What’s the tax percentage they held?

Getting laid off is probably the best thing to happen to someone. You get a paid vacation for whatever your severance covers. You don’t have to work. All of your work is just dumped on some poor soul who was chosen to stay. You can do whatever you want. If I stay, I’ll be jealous of everyone who goes.

Accenture has reduced its workforce by more than 11,000 employees in the past quarter, spending over $2 billion on severance in recent years as the company undertakes a major restructuring driven by automation and changing industry demands.

https://www.msn.com/en-in/money/topstories/accenture-has-laid-off-over-11000-employees-it-has-spent-over-2-billion-in-severance-cost/ar-AA1NZs2v?ocid=finance-verthp-feeds

https://www.indiatoday.in/technology/news/story/accenture-layoffs-11000-jobs-cut-2-billion-severance-ai-shift-2798987-2025-10-07

Accenture layoffs: How much did IT consulting firm spend to reduce its workforce?

In fiscal 2024 and 2023, Accenture recorded business optimisation costs of $438 million and $1,063 million, respectively, primarily for employee severance, according to the company's annual report.

https://www.livemint.com/companies/news/it-layoffs-how-much-did-accenture-spend-to-reduce-its-workforce-11759850757340.html

Next cost cut will be the end of flights and camps at Kearl.

Relocation to FTM or severance!

Do you think any employees will be asked to stay through the end of the year or do you think all those impacted are out on 10/31?

It has been 3 weeks since my employment ended at wells fargo. since then, I have not started to receive my severance pay. Is there usually a delay in the payments beginning, or is this the usual wells fargo way?

There usednto be an actual chart and I can't see to find it to see by grade, and years of service whatbthe amount of weeks your would get. Does anyone know where it is?

Here’s something most people don’t realize: banks settle 98–99% of wrongful termination lawsuits before they ever reach trial. That’s right, only 1–2% make it to court. Why? Because they know what’s at stake, it's cheaper for them to settle than actually go to trial.

So if you’ve been let go and you belong to a class protected by EEO laws; you owe it to yourself to talk to an employment attorney. Many offer free consultations, and that one meeting could completely change your outcome.

If Truist offers you severance, do not sign anything yet. Severance agreements are written to protect the company not you. Once you sign, you forfeit your right to sue.

Instead, speak with an attorney first. You can file a discrimination charge with the EEOC, get a “Right to Sue” letter, and bring your case to federal court. You and your attorney will file a lawsuit with the federal court in the federal district you reside in.

Here’s the part they don’t want you to know: settlement amounts are significantly higher than whatever severance you’re being offered, in the tens or even hundreds of thousands of dollars.

You only get one shot at this. Make it count. Stand up for your rights, and don’t walk away without what you’re truly owed!

If there was a simple way to volunteer without risking being fired as a result for some manufactured reason, I would do it without thinking. I'm honestly worried that we're moving toward potential layoffs without severance, so I'd be happy to grab one while I still can.

Is it going to be WARN + Severance? given its a mass layoff.

If i stop showing up in the office, how long will it take to get a package? My situation is i have enough money to retire. I can't stand sitting in the office with the freak show there. If i stop going can they fire me, or will then default to writing me up and then PIP and then give me a package. My package is worth like 6 months, so i want it. I fu--ing hate working at this place so bad. Its painful working here.

Husband laid off over two weeks ago from Dell and still getting excuses about paperwork delays. We're in a limbo holding pattern. No idea of the insurance/cobra (they also cut off our insurance a week before he was laid off). Nearly 19 years of work...to treat him like this.

Don’t like where this company is going. Anyone know if you can volunteer to be fired or trade places with someone else who is?

With all the lay offs and facilities closing, when will they off the next VERP, early retirement package? If 2nd quarter 2026, that would be 3 years since the last package. 4 years would be 2027, hope not that long.

Thanks in advance.

I couldn’t sleep all night last night as I realized the lucky ones just got laid off with nice, little severance packages. I can’t do all this work alone on my team. I have no chance of job satisfaction with looming layoffs in the future. I’ve been set up to fail. It’s become obvious that there will be no promotions anytime soon let alone one every three or four years. We all just got neutered. Ironically…that’s what we thought just happened to all the guys who just got laid off. What a dumpster fire.

Hello,

I was recently let go last week and 80% of our team was as well. Everett for years has been the step child to boston but when speaking with my manager at the time of my layoff , the hiring in Florida is going to go full steam ahead in 2026. Majority of the jobs in everett will eventually get replaced with florida hires and by the time we were set to go boston it will be a shell of its former self. I also just like many of you on this website didnt get full severance. I was capped at 12 weeks due to missing my mandatory (54 hours of training) what a lovely place to work. Im thankful I have interviews set up already working with a recruiter but I wish I left sooner.

Has anyone (let go in early August) actually gotten their severance checks yet? Something seems really off.

The people I know who also got laid off haven't received their checks yet either.

Wouldn’t it be great if leadership actually spelled out what to expect, including some of those “minor” details like severance terms?

Is this true?

The layoff is 600 people with only a handful offered a severance. Mostly tenure employees that have put in 15+ years
@eb+1k6kw57zn

We can't fit everyone at the Deerfield office but that's the point: Layoffs are inevitable and they want people to quit. Stick it out for your severance and WARN act pay.

Wishing everyone impacted the best of luck in finding new opportunities. If you're comfortable sharing, I’d love to hear more about how many people were affected and what kind of severance or support is being provided.

Any details are appreciated, & it could help others prepare in case of negotiations

Wishing you all the best during this challenging time!

I see so many people just walking away, and it makes me so angry. You’re doing them a favor! Make them lay you off! Make them pay you! Don’t do exactly what they want with everything they’ve been doing and the toxic atmosphere they’ve created. Why? Why would you do something like that?

Leadership's pursuit of personal short-term gains fosters a culture of self-interest that undermines the organization's long-term success. This mindset spreads downward, encouraging employees at all levels to adopt similar behaviors, such as avoiding risks or long-term projects that don't yield immediate benefits.

Dell is the epitome of managerial hypocrisy and short-termism, lauding remote work's efficiency and sociability, only to pivot to hybrid work with false promises of promotions, then enforce full-time office attendance, all while surreptitiously laying off a large percentage of the workforce and overburdening others to evade severance costs, prioritizing savings and control over employee trust and well-being.

Curious which roles DID NOT recieve the dreaded severance estimate? Interested to get a feel for what was considered "out of scope". Don't have to get specific unless you feel comfortable doing so.

Anyone else debating if there are even actual "opportunities" and the "potential" is to ensure everyone stays to transition their work? Nothing would be surprising at this point.

There are so many people taking the severance pay or finding other jobs and leaving. We are already stretched thin and losing more people before the layoffs have even started.

This is so asinine and an obvious employee dissatisfier that could it be they are doing it to push people over the top so they leave themselves? A lot less to pay in severance. I just can't imagine anyone making that decision on something that shouldn't cost the company that much. It's got to be strategic decision.

I just learned about this so want to share. If you're like me, you've likely had a large pension adjustment (PA) applied by the CRA every year only leaving you like $3-5k of RRSP room. The PA is calculated on your T4 each year and applied to the next years RRSP room. This is significant for us because our severance must be paid out in a lump sum and so there's no option to taking severance over multiple tax years to drop into lower tax brackets. The PA always bothered me because I thought 'what if we don't actually get our pension in the end because of bankruptcy/buyout/whatever' (eg: Sears).

So I just learned the way this is dealt with the pension plan issues a form T10 - Pension Adjustment Reversal (PAR) within 60 days of turning over the commuted value. According to ChatGPT it works like this... The Pension plan calculates all the pension adjustment you've had in the history of the company and adds them up, then subtracts the commuted value (CV). The difference is your PAR and it will be available in the next tax year as extra RRSP room and show up on your notice of assessment.

Example:

You are laid off in December 2025. You take your Pension CV of $200k in 2025 which becomes a tax sheltered LIRA. Over 15 years with the company you've lost $300k in RRSP room through PA's ($20k/yr * 15). Your PAR = $300k - $200k = $100k. By Feb 2026 the pension plan must report the $100k PAR to CRA. In spring 2026, your Notice of Assessment will show you have a $100k PAR, basically $100k extra RRSP room in 2026. Then also in 2026 you take your deferred severance of $200k and you can buy $100k of RRSPs that year, tax sheltering half of your severance.

I am hoping this posts help people. I was let go in July and was provided severance for 3 months. My last day is October 21. I had been with the company for 7 years. As soon as I was informed I started looking. I had couple of interviews and they had started to do background check. BNY uses a third party (The work number) from equifax to do employment verification. I am in the last stages with one of the companies and I proactively did my verification. Here is how they are going to mess me up. In the report it shows

Employment Status: Active
Original Hire Date: my date when I was hired
Date of Termination: 10/21/2025

I am not telling employer that I am laid off as I am still receiving paycheck. I am afraid that when they do the background check they will see that the date of termination is already populated and I fear they might rescind the offer.

This company can't do one thing right other than sc--wing employees. Did anyone go through this scenario? I am afraid that I might loose this opportunity.

Anyone know for sure about the rumors mgmt is discontinuing severance all together???