#advice

Anyone else receive this notice today? I hope more class action settlements will follow for employee mistreatment and unlawful practices.

Survived this round. There will be more rounds.

Assuming that I have about 7 years of experience, late 30s, mid 200K total comp, wife is not working, have a toddler. No debt/mortgage (renting in So Bay). Working in sales.

Is there a rule of thumb for how much should someone like me have to have saved to hedge layoff risk?

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?

If your EMG is talking about “how we work” and is having your leader write out each of your job duties and what it entails, that is the first step in deciding who gets their 60 days notice. Word of advice, make sure you let your leader know EVERYTHING you do, even if it seems small and non interesting, the more the better.

Anyone consulting or thinking of consulting legal counsel to review the separation agreement? Anyone already have done so and could share any potential areas of concern within the terms, etc?

Everyone has an opinion and a certificate on the wall, but nobody seems to know how to actually run anything anymore. Where is the management that has done the job before and can make a call? Because I am not seeing it. What I see is vague suggestions, meetings that end with no clear decision, and then people just doing whatever they think is right. Give me a real leader over a room full of advisors any day.

Especially if you're younger and recently joined Elevance. Save up six months of expenses. Keep interviewing even though you're employed. Find a way to make money on the side. Don't let this place have all the power over your life.

Work your hours and go home. Take your vacation days and actually disconnect. Hit the gym. See your friends more often. Learn something new so you're not stuck here forever. And talk to real people, not just LinkedIn connections.

Did you see some of their World Cup kits? We could learn a thing or two from them at this point. At least somebody still seems capable of putting out work people get excited about.

Let’s come together as one community here and post a list of real lawsuits won against U.S. Bank. Employment Discrimination Retaliation Consumer or anything else as long as it has to do with U.S. Bank. Let’s compile a list here with links and anything else that is helpful.

Bonus points for recent/ongoing lawsuits.

None of us were ever promised or even hinted at being given any form of loyalty. You were PAID to do a JOB.. Given money in exchange for your time and services, with the expectation of providing a predetermined outcome to the organization.

You can (and SHOULD) be let go of at any time and place that they see fit. If the organization decides that your services are no longer beneficial or in THEIR best interest (not your best interest), then letting you go is the ONLY move they can or should make. Be HAPPY and GRATEFUL that they were so GENEROUS, they went above and beyond the AGREED upon contractual obligations by providing you with EXTRA monetary compensation and even in offering post-employment transitional support.. things that do not benefit them in any capacity. Instead, these things actually create unnecessary costs and responsibilities, per each person that gets let go, just to “help” the same people that end up shiing all over it. They dont owe you anything that you didnt already agree to, stop being so annoying and bihing about being dropped. They calculated that youre role was dead weight, or was costing them more than it was providing. Emotions arent at play here.

Sorry, I had to get this off, some of yall are pathetic. Confidently acting like a teenage ex girlfriend that has abandonment issues and extreme chemical imbalances in the brain. You were never given or told anything to incite a reasonable expectation of loyalty, it has always been their money for your time and services. Be happy they did more than they were required to, and go find somewhere that you can actually provide value with your expertise.. instead of soaking up all the pitty party bath water in an online forum. This is the stuff that employers look for in someone to tell them NOT to hire you.

I was laid off 3 months after starting here. Looking back, I missed the signs. Exploding offer, nervous recruiter, vague job description, no salary range. Learn from my mistake.

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.

If you are disappointed with Fidelity then don't limit your posts to a hidden forum like TheLayoff. Go to Glassdoor or other more public review sites and share your experiences there. Yes Fidelity can and does game the system but even a few negative reviews can help someone avoid a mistake and maybe bring the score closer to where it belongs.

Can people go from AVP to SVP? Or stories that this has been done?

Is there any general rule of thumb for how much someone should save to get through a layoff? For example, someone making around $60K with about five years of experience. Asking for a friend.

Does anyone know if there are specific employment attorneys working with Edward Jones associates? I am being set up to be let go, probably so they won’t have to pay out the large amount of severance I would be due.

Need advise what to do with PTOs as I am one affected by the recent layoffs.
Do we get them paid out or take them prior to leaving?

A trade secret is legally defined as confidential business information that gains economic value from not being generally known and is protected through reasonable efforts to keep it secret. In U.S. law, this definition is most clearly articulated in 18 U.S.C. § 1839, part of the Defend Trade Secrets Act (DTSA).

📘 Core Legal Elements of a Trade Secret
Under federal law, information qualifies as a trade secret if it meets all three of these requirements:

Secrecy — The information is not generally known or readily ascertainable through proper means by others who could benefit from it.

Economic value — The information has actual or potential economic value because it is secret. Competitors would gain an advantage if they obtained it.

Reasonable measures — The owner takes reasonable steps to maintain its secrecy (e.g., NDAs, access controls, secure storage).

If any one of these elements' stops being true, the information loses trade secret protection.

🧩 What Counts as a Trade Secret?
Trade secrets can include virtually any type of business, technical, or scientific information, such as:

Formulas (e.g., beverage recipes)

Processes or manufacturing methods

Algorithms

Customer lists

Designs or prototypes

Negative know‑how (failed experiments that reveal what doesn’t work)

The law covers both tangible and intangible information, regardless of how it is stored.

🏛️ Authoritative Legal Definition (DTSA)
Under 18 U.S.C. § 1839(3), a trade secret includes “all forms and types of financial, business, scientific, technical, economic, or engineering information… if (A) the owner has taken reasonable measures to keep such information secret; and (B) the information derives independent economic value… from not being generally known.”

Efficient workers got punished with more work.

You will never get paid what you’re worth.

The exploitative people in charge are paid for their cruelty.

People who don’t care are the happiest at their job.

Hi All,
Some great people are here, and I am looking for your advice on how to negotiate salary and benefits. from North america in prov offer process.
What GC band do specialists get hired on?
What salary base for that GC band?

If you are a retail rep please comment on examples of your assistant manager/general manager how you are forced to add things to customers accounts

I started with Fido when Reagan was president, now I'm retired. I've seen how they have been able to keep bad news out of the media or at least they control the narrative. Ignites is a great newsletter for the financial industry that sometimes has news before it breaks. I signed up for free using my company email when I worked there.

If you’re sharing real info, include specifics. Team, Department, Band, Title. Ideally two of those data points. Otherwise we’ll assume it’s false.

• Band 7, Cx design

I spent close to two decades at Nielsen before my "demise." The one thing I could say for Nielsen during all those years was the company was NOT going to go under! Lol. So many companies out there hang on by a string - and that's some real stress for employees. I've been involved in the ad measurement game since the early 90s (even while in college). The demise of Nielsen has been predicted for years but never really happens. This article is prob the best I've read out there explaining why. Well worth the half hour read if you're still in the biz or just an outside over the hill observer like myself. Enjoy https://new.adotat.com/p/the-nielsen-bonfire-who-s-holding-the-match

Bypassing the thick of L1, L2, L3, L4, L5's above me? And the middle men/women of the DARN and chairman's line?

I know we're all scared, I am too, but don't take what you read on an anonymous forum at face value.
There is no firm proof. Saying "I'm a people manager" anonymously is like saying "my uncle works for Microsoft" on Xbox live.
Fact of the matter is, if you are on a list whether it exists or not, there is nothing you can do about that until it is communicated to you allegedly in 2 days.
If you want to plan for the worst, great, not a bad idea to have a backup plan regardless of a RIF. Please don't let anonymous Internet posters scare you into getting sick over a possibility. Take a breath.

anyone speed read overnight???

Background, fairly new engineer less than 3 YOE and im on a new team (not by choice) and the team is not what I was expecting it to be. This role/work is better suited for someone with more experience. I want to leave this team already and advice on this

Let’s share some here. Real ways to get through a layoff, since many people here are very worried.

https://www.eeoc.gov/how-file-charge-employment-discrimination

Not here to contribute to saying a layoff is/isn’t gonna happen.

That being said, I took 0 hours of PTO when I was laid off. I was surprised when I had my PTO hours paid out to me in cash. That and equity all paid out to me in a lump sum for each.

So, if you believe you’re getting the axe… don’t take PTO. You’ll be paid a bit more extra as a parting gift.

All these posts about how fantastic it is that the stock is at 92. For those holding on, and not selling and diversifying into other investments, or aren't cashing out now; re-read this post when the market corrects. It will.

The best thing you can do is diversify your portfolio. Take CSCO profits now. Before it's too late. Take the proceeds, and simply invest them in simple index funds. Or; take profits now, and pay off debt. Mortgage. Car Loans. The future you, decades out, will thank you.

Yes, I had CSCO RSUs, CSCO Stock Options (the old Cisco Options from the late 1990s/early 2000s), and Cisco ESPP. Never, at any time, did CSCO ever exceed 25% of my total investment portfolio. Ever. I always took option and ESPP profits and rolled them into simple total market index funds. Max out Roth IRAs with the ESPP and RSU proceeds. You will thank yourself later.

Save your market gambling for using the Cisco Brokerage-Link function to day trade things like SPY and other index funds. Save the speculation for that aspect. Leverage Brokerage-Link functionality.

There is safety in being diverse. You are wasting a HUGE opportunity cost, by having an all-in-one basket, waiting to be all lost at the next correction, 2008-ish market meltdown, or CSCO stock demise. It is amazing yes it is at 92; but look at the curve of CSCO going back to 1990s.

Writing this as former CSCO, and living in a neighborhood with several CSCO friends, waiting for their payout, in their $750,000 homes, coupled to serious mortgages and BMW payments. Stop living life shackled to the speculation that this thing is going to keep running. Take your profits now and simplify your lives.

I was guilty of handing on too long to have options and ESPP accumulate, but then as things got very miserable with Cisco corporate ideology changes, I downsized my life financially. I felt shackled in staying because of a number on paper on what it could all be worth. I dumped the ESPP, the RSUs, and paid off all the debt. Then Cisco dumped me. All good, it was the best thing that ever happened to me. Now financially and more importantly mentally free from the whole game.

Writing this in hopes that somehow it inspires someone truly as miserable as I was at my last two years at Cisco to do the same. Now may be the time. Cash out. Get your life back.

By the way: AI play on it. Go put all your RSU shares, and ESPP shares, into ChatGPT. Go ask her how much you will get AFTER taxes. You will be astounded how much Uncle Sam is going to take. Another reason to take the money and run.

Shout out to the anonymous posters who give us warnings on internal decisions made by our management teams. I know that there are some trolls who try to dilute the quality posts, but when I identify the well meaning posts, I take them to heart and apply them at work, which has helped me avoid pitfalls. I hope I can do the same if I learn anything key that can help you, my fellow Wells Fargo anons!

I started realizing somethng - - maybe i just needed to get better. so i did. i practiced speaking, interviews, technical systems, and problem solving. i practiced in front of a monitor with a random picture up, like i was talking to a real person. i built projects every day, pushed code to github, learned new tools, and forced myself to adapt to ai even though i was still releuctant about it…

at first, i really thought the problem was me. but after getting better and doing stronger interveiws, i started realizing something else. this market is broken!! i know that sounds like an excuse, but i can take criticism. i was a marine corps infantryman. i know what hard things feel like, and i know what it means to improve…

but i also know i’m not the only one. i know 10 to 15 people, some with 10+ years of real experience, who still haven’t found work after months of searching. companies say they want thoughtful engineers, but right now a lot of them just want speed above everything else???

one company gave me a 3-hour full-stack assessment. they said it should be 50% manual coding and 50% ai-assisted. i followed every requirement, built the feature, deployed it live, and even went beyond the spec. they rejected me and said i “didn’t do enough.” then they showed me another candidate’s submission, and it was basically the same thing, except they had thrown in 30 more ai-generated features!!

that’s when it clicked. companies say they want engineers, but many of them want someone who leans fully into ai, ships fast, stays available, fixes whatever breaks, and does not slow down to think too much about security or long-term quality. i’ve asked multiple companies about security in this ai-heavy market, and the answer has basically been the same: features first, move fast, worry later…

that is a dangerous mindset, and it will probably backfire eventually. so if you’re a software engineer going through this, give yourself some grace. you may not be a bad engineer. you may not be a bad coder. you may just be trying to survive a market that is demanding unicorns???

take breaks. go outside. spend time with family, your dog, your cat, or whatever keeps you grounded. don’t let this job market destroy your health. you are skilled, and the market is just ugly right now!!

maybe one day this bubble pops, and we all get paid to fix the mess it created. until then, take care of yourself…

Monitors for efficiency are back on property, all supervisors have been instructed to conduct more camera ops testing, and violate agreements if need be under the guise of insubordination. Any refusal will result in automatic being pulled from service pending investigation, senior employees have already been pre warned, and instructed that even good faith challenges will result in being pulled from service, with conduct becoming the leading charge, rather than the task being challenged.

Keep a close eye on your phone that day (5/7), early morning calls is a call when ur shown the door…….

As someone who was let go from another company, here are a couple of things I'd tell my younger self:

• Take some time to process everything that happened and what it means to you financially
• It's almost impossible not to speculate why YOU. Whether there was a specific reason or not, it doesn't matter anymore
• Connect to that ex-Nike linkedin group. I heard good things
• Once it is all said and done, avoid coming back to this site

You'll feel the urge to state your opinion, and share something like "see, I knew this was going to break!". As someone who actually did this, I only regret my decision of doing so, because it took me longer to move on from being let go.

I have seen d-mb decisions that had to be rolled back later on. I'm sure Nike has done some d-mb stuff that will have to be undone. But, if I were you, stop checking this site if you no longer work here. I've only found helpful to know when these reorgs would happen so I can start prepping my resume/interviews in the event that I am cut off.

have a great one

This regards the very much worries have I about my manager’s manager. My address and phone number the manager has access to. But he must be called out. Never will change. He must go. I do not have the trust for human resources. They will certainty side with him. Please advise.