#severance

If you are laid off how is severance determined and are you offered a pro rated bonus?

Wondering if it the same as last time.

I just want to see if they made any changes since the last round.

Healthtech unicorn Innovaccer laid off approximately 340 employees. These job cuts occurred across India and the United States. The company is restructuring operations to become "AI-native." This marks Innovaccer's third layoff round in four years. Affected staff will receive severance and transition support.

San Francisco

https://www.peoplematters.in/news/strategic-hr/indian-founded-unicorn-joins-ai-layoff-wave-with-340-job-cuts-across-india-and-us-49780

Are going to be treated as voluntary quitting. Resignation, without severance.

New rule effective July 1st.

Management perception is some employees are gaming the severance system. managers are not pushing deadwood out the door fast enough.

You'll have to offer another round of severance packages to get me to leave.

Milestone Technologies announced layoffs for 50 contractors. The contractors supported Meta’s Eagle Mountain data center. This action follows the end of Milestone's contract. Affected roles include logistics associates and managers. Separations are scheduled to begin on June 28.

Eagle Mountain, Utah

http://www.sltrib.com/news/2026/05/17/milestone-technologies-contractors/

What is the max weeks they paid out? I heard conflicting info. Was it 2 weeks for each year maxed at 40 weeks?

Dont understand "severance"

Its not a gift.

Its called "Severance and release" for a reason. to get it, you need to sign and agreement not to sue and non-disclosure

Maybe someone can upload the pdf, although that violates the NDA lol.

It is technically negotiable, but very few people do.

It is not really severance. its mostly just release (for which you are paid).

Is anyone else struggling with the new leaders in MD Live? It’s toxic and micro management and like I’m not allowed to have an opinion. I’m ready to leave but wish I would be packaged out and offered severance. I tried to bring it up as an option and was dismissed which seems like the current mentality in this area. Anyone else? Or anyone with suggestions? Does anyone know if there will be layoffs?

For those of you in the US who got laid off recently, what kind of severance package did you get? I've heard various things like 2 months + some weeks based on number years (capped) + COBRA (for don't know how long), etc. I'm interested to hear from all of you in the US.

Intuit has limited budget for severance package.

How much does the company pay in severance when there's a separation in employment? Also, do we have to sign a non compete agreement?

I saw the news about cuts today and it got me wondering. Back in 2022 when Cisco let me go, they gave 60 days in lieu pay, another 60 days severance, PTO cashed out, and four months of COBRA. Does anyone know if the packages are still similar now or have they changed over the years? Just curious how it compares.

It might happen... but people are jumping from accounting math to headcount certainty. They said fewer than 4,000 jobs in Q4. They also said notifications start 5-14 and continue globally based on local laws and regulations. OK, makes sense - it su-ks but it makes sense... That alone explains why some costs roll into FY27.

The remaining restructuring charge does not automatically mean another 4K or 5K people in Aug.... It can include severance paid later, benefits, legal and administrative costs, country-specific consultation periods, delayed effective dates, and other restructuring expenses.

Could there be mre cuts later? Sure. This's Cisco afterall. But that is different from saying Aug is confirmed...

Unless someone has an actual internal list, mgr confirmation, country schedule, or filing that says another wave is planned for Aug, the aug number is still speculation... people should stop treating it like a confirmed fact just because the 1B charge is split across Qs.

Can anyone share what it looks like in Canada?

For those who have been terminated, how was the actual severance compared to the initial estimate letter?

In case I’m one of the folks getting laid off, trying to make sure my finances in order. Does anyone know what the severance pay usually is?

I started here not too long ago, and with all the talk about more layoffs, I'm trying to figure out what my situation would be if my name came up. Does anyone know whether people who've been here less than a year typically qualify for severance, or is that something that only kicks in after a certain amount of time?

I'm 63 and was told it had nothing to do with performance, so curious if its worth hiring a lawyer to review the package?

Question for those of you who have been impacted by a layoff recently: I understand that you receive a call/ meeting with HR and you are separated that day. How long after that date did you receive your regular pay (not any severance)? Also, how long did benefits continue, specifically health insurance? Thanks!

but I got surplused two years ago. Just came back to check in to see how things are going with everyone. Sounds about the same. It was rough going out there for awhile. The job market is so bad, I applied to over 1000 jobs and it took me 16 months to land a job and it was an indefinite contract job which I'm still in with hopefully FT soon. While the layoff/unemployment/job search process was a nightmare and really did a number on my mental health, some good did come out of it. We were able to pay off every ounce of our debt with the severance. We found an awesome financial advisor and rolled my pension and 401k over and he's made us a ton of money since then, much more than I would have made where it was sitting. It does su-k not knowing if/when this job could end but I'm making $40k more than I was at AT&T and doing much more interesting and meaningful work than I was. The company I'm at now is a billion dollar global manufacturing company and they have their sh-t together so much better than AT&T, it's like night and day seeing what it's like working somewhere that actually cares about their employees. Best of luck to all of you out there. It was hard to lose my job but ultimately I think it was a good thing for sure.

Team,

Today we announced our Q3 FY26 earnings with record revenue of $15.8 billion, up 12 percent year over year, and double-digit top and bottom-line growth. The ELT and I could not be prouder of the growth you have all delivered for Cisco.

These results are even more impressive given the complex environment we’re operating in - a rapidly changing market, with intensifying competition, and a global shortage of components critical to support our portfolio and the AI buildout from our customers.

The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest. I’m confident Cisco will be one of those winners. This means making hard decisions - about where we invest, how we’re organized, and how our cost structure reflects the opportunity in front of us.

With this, we are making changes today that will result in the reduction of our overall workforce in Q4 by fewer than 4,000 jobs, representing less than 5 percent of our total employee base. Most notifications will begin on May 14 and continue globally in alignment with applicable local laws and regulations. For employees whose roles are impacted, leaders will share details directly - including timing, available resources, support, and benefits in each country. This will include pro-rated payment of FY26 bonuses to impacted employees. We will provide support in finding new opportunities, whether internal or external, through Cisco’s placement services - a program that has seen 75 percent of participants discover their next role. We are also committed to continued personalized learning and will provide one year of access to all Cisco U courses and certifications, covering AI, Security, Networking, and more.

While we are reducing roles in some areas, we are making clear, strategic investments - particularly in silicon, optics, security, and in our employees’ use of AI across the company. These investments are building from a position of strength - and focusing on the technologies and businesses that will accelerate our growth, deliver unmatched innovation to customers and partners, and define our future.

To those leaving Cisco, thank you for your contribution, your dedication, and the mark you have made on this company. We are deeply grateful and are committed to handling this transition with the care, clarity, and respect that defines our culture.

For those who will continue here, we will discuss these changes and answer questions at the Cisco Beat on May 21 at 8 a.m. PT.

We have important, impactful, and consequential work ahead. Your focus, resilience, and leadership are vital to our growth and relevance in FY27 and beyond.

Chuck and the Executive Leadership Team

Page 14 - https://s21.q4cdn.com/812015656/files/doc_earnings/2026/q3/earnings-result/Q3FY26-Press-Release.pdf

On May 13, 2026, Cisco announced a restructuring plan in order to allow it to invest in key growth opportunities including
silicon, optics, security and AI. In connection with this restructuring plan, Cisco currently estimates that it will recognize pretax charges of up to $1 billion consisting of severance and other one-time termination benefits, and other costs. Cisco expects to
recognize approximately $450 million of these charges in the fourth quarter of fiscal 2026 with the remaining amount expected
to be recognized during fiscal 2027.

Did those who were layed off get severance?

ASML and labor unions reached an agreement on a social plan. This plan seeks to reduce involuntary job losses. ASML had previously announced cutting about 1,700 management roles. The company will support impacted staff in finding new positions. Departing workers will receive severance pay and extra compensation for older workers.

https://nltimes.nl/2026/05/13/asml-reaches-deal-unions-reduce-forced-layoffs-amid-restructuring

I’m talking the only person over 40, only person who used FMLA, only person who had an ADA accommodation on their team?

• General Motors employees who were laid off Monday described their job terminations to CNBC.
• The layoffs affect about 500 to 600 employees, largely in information technology roles in Austin, Texas, and Warren, Michigan, according to a person at GM familiar with the layoffs.
• Artificial intelligence played a role in the decision, but it was not the only reason for the terminations, the person said.

https://www.cnbc.com/2026/05/12/gm-layoffs-ai-severance.html

The new trend is to fire you for performance. Zero coaching or advance warning. Let say you are rated Meets. During mid-year, you will be surprised with IC or NI with no turnaround plan. It will be some minor issue too like failing to staple your TPS report. WFA is already planning this. It’s evil and they hope you don’t sue.

This is from Meta
https://www.ibtimes.co.uk/meta-job-cuts-ai-restructuring-1796398

someone said no more 60 days of pay before severance now??

What are the severance packages looking like now? I don’t see the policy. I couldn’t find the updated version of the last one that was up with the formula. Any help would be appreciated. Planning around potential future layoffs

was laid off in January but finally landed a new gig this week, now I can cash out the remaining few months of my severance. definitely a tough job market. Spent the last 4 months applying for jobs and upskilling my tech stack. I applied for over 350 jobs, about 30% got thanks but no thanks emails, 67% completely ghosted, and the remainder varying forms of interviews. while the new job pays a little less than wf, but has a lot of career upside, great benefits, and in office requirements are much less stringent. Definitely a different job market, but there are jobs out there. try not to get discouraged

Oracle laid off an estimated 20,000 to 30,000 employees on March 31. The company offered a severance package including four weeks' pay plus one week per additional year, capped at 26 weeks. Unvested restricted stock units were forfeited upon termination. A group of affected employees attempted to collectively negotiate improved severance terms. Oracle declined these negotiations, presenting its offer as final.

https://www.ndtv.com/world-news/laid-off-oracle-employees-tried-to-negotiate-severance-after-mass-firings-company-declined-11483227

• Remove any pending vacation time if your company pays out unused PTO. You do not want approved future vacation causing issues with payout processing.
• Download or screenshot your annual reviews, performance feedback and any recognition awards. You will use these later for resume bullets, interview stories and measurable accomplishments.
• Save copies of paystubs, W-2s, benefits information, commission statements and PTO balances.
• Schedule annual medical, dental and vision appointments before insurance ends and refill prescriptions if needed.
• Start applying for jobs NOW. Do not wait. Build your LinkedIn network aggressively and use AI strategically. Gather 10 job descriptions for roles you want, feed them into AI and tailor your resume/LinkedIn around the keywords, metrics and business impact repeatedly showing up in those postings. Focus on measurable results, not responsibilities.
• Save personal contact information for coworkers, leaders and recruiters while you still have access.
• Take pictures/screenshots of dashboards, workflows, presentations, trackers or work examples you personally built so you can later recreate sanitized versions for portfolios or interview discussions. Obviously do not take confidential company or customer data.
• Focus your remaining time on transition work, documentation and knowledge transfer. Stay professional until the end. The world gets very small during layoffs and reorganizations.
• Understand your severance, COBRA costs, unemployment eligibility, 401(k)/HSA options and any RSU or stock impacts before your final day.
Most importantly: do not freeze after a layoff. The people who recover fastest usually start networking and applying immediately.

Excellent advice, bumping from @b3+1krbx7cem for visibility.

This isn't a post about rumors or Optum info, it's a post for folks that are hit by RIFs and are tight on funds. Being RIF'd is traumatic for many and in the storm one's focus could be clouded. If your money is tight and you contribute to the 401k you may want to consider immediately dropping your contribution to 0% or 1%, This will ensure your last paycheck is higher by slightly less than the amount you contribute (your tax burden will increase slightly), and even more importantly your severance check will not have whatever percentage deducted from it. Just a friendly tip for the folks get caught in the "axe the onshore web" to increase the take home.

What do I need to do to get Laid off? I wanted to leave and look for another post but I bet getting laid off was much better for the severance pay. How do I get this privilege?