#termination

Talk going around today between Dallas and Atlanta is that it's cheaper to pay off Leg T union employees to get rid of them rather than keep them on the payroll considering high costs, high absenteeism, low productivity and trainability as well as non-collaberative attitudes. It's being agreed on by top leadership that it's much cheaper and far more easy to pay the termination pay per contract, and now that the watermark is no longer an obstacle, the first step will be to declare surplus which means VTP will be offered without a cap. This is expected to reduce the Leg T workforce by at least half. The remaining will be Involuntarily laid off by year end as all Leg T work is automated, outsourced and off-shored.

They say you can apply within 30 days to Medicare after your termination. Does anybody know when actually Medicare enrollment starts? In 2 month? January 1? Or when?

I just got laid off from Baker hughes.

Laid off after 5 years of employment. Be on the lookout...

If you haven't heard the latest... if your employees do not show up to work it will result in your termination. If you want to stay... God knows why.. step down as a manager... if you are on your way out watch yourself and your employees like hawks. They're beginning to clean house after this round of notifications

Looks like evicore is def getting hit again on 2/12. They sent an all hands this am changing the process for terminating an employee. Sounds like they are trying to streamline the process jeez.

I was fired from Qualcomm and they canceled my RSUs award plan.

I know probably they can cancel the RSUs I was awrded at the time of joining the company because those were tied to me keeping the job. But was right that they also canceled the stocks in was awarded after AR25? Were those tied to me keeping the job?

i will try to be brief. I was dpced last year in nov and then told I failed the dpc and now was on a pip. The pip was very similar with a few things added. I failed dpc in dec and failed pip in feb 2026. I was 53 years old with 17 years in. I was constantly asked to leave on my own and take the pil during the dpc and pip. I was told in the beginning that exxon was trying to help me to get to retirement age. I complained to hr and of course got no help from them. If I knew i was doomed I would not have tried as hard as I did and just left. Everything I did was not good enough according to the supervisor. I was told it was not the work but that I was not a good fit for exxon anymore. I left with no medical and lump sum payout. I am getting unemployment right now and pondering on whether to retire or keep working. There are no guarantees any more so treat exxon like a year to year contract job. I would not have stayed as long and suffered if I knew this outcome. Give exxon the loyalty they give their employees none. There was another who was fired during their dpc and was nre as well. Anyway I hope this helps those in their 50's decide and I am done with exxon.

Hearing she is next.

Can’t wait to see that hug. Not!!!

Vivek and Sudharsan already got a boot.

How does it go down at this company? Who tells you are being let go? Do you get a random call or is a meeting scheduled? What is typical package? How quickly are you asked to leave the office? Suggestions on how to respond when it happens?

Anyone know the details of this decision? That’s a long term relationship coming to an end. Is there more state plans to come?

Anyone knows how the vesting will be ? Would this come under partial termination plan ?

Target 75K
No paperwork needed for FPA. all manager have 1:1 with HR for their BE candidates by Feb 27.
Notification go out by March 15 of next round of Terminations. No CPM package.

A

Terminated, not displacement., Is the insurance immediately ended?

No there's not reported layoffs because they walk people out the door as soon as they don't like what you have to say or as soon as they need to cut expenses in high paid or long-term employees

The trend has been that the actual term date is the last day of the month following notification date.

Are they paying you through February, or was 1/29 the notification AND termination date?

After 14 years as a TSR my team is being let go……

Hello today in fidelity you can call and eliminate any medical benefits and such at fidelity by calling 1-855-447-7007 option one. Ask for a representitive and that you should be listed as terminated in the system. You can then opt out fully of medical,dental,eye life insurance and legal. This is if you are choosing to do that. Any other questions or of help since HR does not do a great job simply ask. You are covered on all until jan 31 expires so make your dentist and dr appts if you can before feb1.

What have you seen brokers be fired for most commonly when management wants someone gone?

Question: HR and manager did read my termination blurb. During the call announce they will pay severance which appears to cover about 3 months of salary. Great since I was about to leave anyway to join a startup.
I imagine there is no stock acceleration typically offered correct?
Question:
I recall something about Cobra. Not sure I would need to pay premiums. Not interested in that since I can join wife excellent medical plan instead.

If I see an HR person on the call, I know I'm gone before anything has been said.

In 2026 WF is moving the cost of severance packages to the line of business. LOBs are not funded for this cost and will instead force terminations through low performance reviews. Displacements will be delayed as each LOB works through this process. This is so sad, many good people will be forced out due to 'low performance' who truly deserve a package.

I’ve heard that some FTEs who are no longer with Truist were dismissed due to compliance issues. This is surprising, as several of them were high performers and strong contributors to Truist. Can someone shed light on what compliance issues led to these FTEs being terminated?

I'm new here, I'm stressing and unable to sleep, so please humor me. How are people notified? I know there's an email notification, but is it then a meeting just with your manager, HR, or somebody else? Is it a whole group at once or one by one? Are people terminated immediately or do you have to stay on for a few weeks? I'm just trying to figure out what to expect.

I've been pretty much told that I either need to step down and walk away from my role or go through the process of being let go. Is severance even an option?

My coach just got fired. And there appears to be mass lay offs at Overland Park.

The fact you cannot remove this garbage from your computer is grounds for Microsoft's CoPilot Team to be fired without receiving any unemployment benefits.

I was let go in 2025, ADP site still has not W2 posted for 2025 which seems odd. Perhaps it is paper only if let go?

All full time remote employees are being terminated by EOY by sc-mbags who put every one of us in a wfh status while keeping offices closed and sitting empty. We have been treated like we aren't employees here, segregated from everything and everyone, blocked from getting promotions and given false ratings on reviews which includes those not full time as well sc--wing all of us out of merit and jobs as well. Theres no way this is legal cause it goes beyond being “at will”. You dont have to go to these extremes in that case

This is going to be amazing to watch unfold. What you all need to keep in mind is that if your state is at will, trash like bny can terminate without reason. However what they legally cannot do is mark you below or terminate for performance if you were on track at mid year and had no issues leading up to that. I know several with lawyers on standby the minute they say terminated due to poor performance . They can also be sued for other reasons you need proof of like discriminatory actions so you have to document everything for proof

Anyone know why RDE got let go?

The retention bonus should be paid back if the termination was voluntary by the employee. But I was fired. So, do I need to repay it?

Anyone has retention bonus agreement from 2024?

Hi, all. I was wondering if BNY discloses reasons for termination to a new employer (also a bank) during the background check. I was told that legally previous employer can only share / verify dates of employment and title. But is there a possibility of this information being shared whether it's by phone or some type of system? Thank you.

first time IM. will be happy if have a severence package...

Being laid off on the spot with an email or in a meeting with management and HR is bad enough already.

But was anyone here "managed out" which either led to you resigning or a termination of your contract? I believe the official term for this is constructive dismissal/discharge.

1) If you say NO. Will submit before March 4.

They will hold you until 6mos just like what they did to the CSO folks. Basically, they do nothing getting paid. Wait until you get released so you can get the severance and can file unemployment to the state as you are marked being surplussed.

If you accepted a new job in between 6mos. That is consider a resignation.

2) if you say YES and no plan to drive on the new location - you will get terminated. State unemployment will not be an option.

While on medical LOA that exceeded FMLA protection I was informed that my portion was no longer available for me to return to, and that once I was cleared by my doctor to return to work I would have 30 days of unpaid leave to find another position before being terminated with no severance.
Of course it's pretty much impossible to go through the hiring process at corporate in 30 days, so i ended up being terminated.
After filing for unemployment I received a letter from the Arkansas Division of Workforce Services accusing me of fraud due to my indicating that I'd been laid off, but that Walmart had reported me as having voluntarily quit.
Fortunately I had documentation proving Walmart wrong, but I'm curious if anyone else has had this happen to them and if there might be a pattern of intentionality here on the part of Walmart to try and avoid reporting too many "quiet firings".

Let go from Hagerstown after 11+ years, no reason given.

Anyone else having problems accessing the new prescription benefit, Rightway? Account has been deactivated. I called Rightway and was told their not sure why it's either an error, employee not eligible, or termination. This benefit just started 1/1/26

essentially the company gives you 2 weeks notice that you’re being laid off. They tell you about it on the notification date, and you have to leave that day, but your last day of employment is 2 weeks later. Your severance doesn’t begin until after the term date, so effectively your severance is 2 weeks longer than what they tell you it is
OP: @a6+1ke9wcgvt