For all of you who were recently laid off, it is in your best interest to speak with a lawyer before signing your separation agreement.
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@gtax, Public Service Announcement, boomer. Even though it's bad advice...
Is your PSA rising or something? Odd comment for a layoff board.
But what about millennials with a lifetime of participation trophies to prove that they’re special? Shouldn’t they get a special deal from the Bank and HR?
This stems from our toxic employee base who simply must get over on the Bank.
Go ahead and lose your money on lawyer’s fees.
Getting over… the BNYM obsession….
Don’t try to use big words that are beyond your grammar level.
“ My lawyer basically told me that the contract makes me sign away all rights possible, allowing the bank to get away with the dubious redundancy action.”
You cannot say “the dubious redundancy action”.
Correct grammar is “I find the redundancy action to be dubious”.
Don’t worry, Ive been helping University of Phoenix graduates to achieve 6th grade English level grammar for a decade here. I’ve got your back.
In UK you have to get a lawyer to review the severance contract, and BNY Mellon pays u to a certain amount.
My lawyer basically told me that the contract makes me sign away all rights possible, allowing the bank to get away with the dubious redundancy action. But fighting it would be crazy expensive and probably not win more than the standard package anyway.
Should amend to say you should not hesitate to speak to a lawyer IF you think there is reason to suspect you are being done dirty, like discriminated or retaliated against.
Absent that, take the package and don’t waste the lawyer fees.
BNY’s “well documented” plan is to have numerous layoffs throughout the year so they can mix the legitimate layoffs with discriminatory ones (layoffs based on age, race, s-x, protected workplace activities, etc). They group them in a way that doesn’t raise any red flags.
Companies frequently use mass layoffs to hide wrongful terminations.
Why? Lawyers are expensive and BNY’s plan is very well documented. IMHO it would be a waste of money. Moving on and finding a new job is a better use of time and financial resources