#severance

Two decades of service, and my biggest hope is getting cut with a package.

Pretty much was biding my time and hoping to get rif'd last year. Collected my max severance pay and cashed out 30 years of stock at it's peak of $345. Retired now and living my best life...thank you Oracle and sorry for those of you sticking it out at the current stock price..

What do we think is next? Stocks haven’t gone up, there’s a million and one projects in connected care that don’t seem to be going anywhere. Is the sweet release of severance awaiting any of us?

Any reductions compared to the last time?

PepsiCo has announced permanent job cuts affecting 184 warehouse employees at its Tulsa, Oklahoma facility. These separations are scheduled to commence on or around November 15. The company stated that all affected warehouse workers have been notified of the impending layoffs. While the warehouse operations will be significantly reduced, the remainder of the Tulsa production facility will continue to operate as normal. PepsiCo is offering redeployment opportunities and continuing wages and benefits through the final day of employment for affected staff.

Tulsa, Oklahoma

https://me.peoplemattersglobal.com/news/strategic-hr/pepsico-schedules-184-permanent-job-cuts-from-november-15-51030

A new agreement has been reached between UPS and the Teamsters union regarding driver severance packages. This settlement resolves a conflict over a controversial voluntary buyout program. The deal limits the "Driver Choice Program" to 7,500 drivers nationwide, offering them $150,000 for early retirement. Buyouts will now be awarded based on seniority, prioritizing long-term employees. Union leaders stated the agreement protects workers and contract rights, while UPS affirmed it supports employees during operational changes.

Louisville, Kentucky

https://www.wdrb.com/news/business/ups-teamsters-union-reach-settlement-on-driver-severance-packages/article_5c3d580d-0787-49dc-bdd1-6ea3503ad594.html

Question 1 - Is there the option to defer severance to the next calendar year? Question 2 - Is remaining vacation paid with normal paycheck or with the severance?

Bayer plans to lay off approximately 76 employees in Hawaii. This move is part of operational changes and consolidation of farm activities. The company aims to better align its resources with future needs in plant breeding and agricultural technology. Bayer will continue operations on Oahu, Maui, and Molokai. Affected employees will receive severance packages and support services.

https://www.staradvertiser.com/2026/07/24/hawaii-news/crop-seed-producer-bayer-announces-layoffs/

A union representing Bethesda employees has filed a complaint alleging labor law violations in Montreal. Workers were reportedly promised employment through September during severance negotiations. However, termination letters were sent that week, offering only the minimum legal severance. This action follows broader layoffs at Xbox, impacting over 3,000 employees. Similar accusations of bad-faith bargaining have been made against Microsoft in the US and Canada.

Montreal, Quebec

https://www.engadget.com/2221909/bethesda-accused-of-breaking-canadian-labor-laws-with-montreal-layoffs/

After another sleepless night, I realize that this job has cost me so much mental health that being shown the door with severance is now sounding much better to me than staying here and going through the same thing again and again. So bring it on, I say.

I always assumed layoffs came with a guaranteed cushion, which made them less scary for me. Yes, you lose your job but you get a decent safety net to get you through the unemployment stage. Then I found out severance is 100% discretionary and now I'm spending all my free time job-hunting while I still have a paycheck.

I fail to understand that.

1. If you were previously employed with Oracle, but you quit or were let go with a severance, those were the terms you agreed to when you signed up. The severance is actually a bonus because Oracle could have gotten rid of you just by paying the notice period.

2. If you are currently employed with Oracle, this situation d-mbfounds me even more. Why would you want the ship you are sailing in to sink? If you are not comfortable for any reason, just jump ship. It's not Oracle's problem that the job market is bad out there.

3. If neither of the above is applicable, why on earth would you wish ill on an entity you are not even connected to?

I really wish to understand. Enlighten me, please. ELI4.

Last year, all of the remote employees in my department were told they need to move to OH or MN , if they decide not to relocate, they were given severance.

They also were not given option to move to hub that were close to home such as in AZ or TX.

We replaced all the remote employees by hiring in OH and MN.

Also recently, I talked to people in another department and they were told remote was no longer available, move to hub or get severance.

So GK was right when she said remote was grandfathered, meaning you aren’t getting fired.

What she didn’t tell you was, to keep your job, you need to move to a hub.
Being in office is not good enough, must be in one of the hub

I apologize if this has been asked already, but I could not search by subject. This question is for anyone who has received their final severance pay Did you receive any information regarding Cobra once severance ended? Has anyone signed up for Cobra once your severance benefits ended? Thank you.

Is Wells Fargo still giving severance packages to North Carolina employees? Long-tenured, high-performing North Carolina employees were terminated without severance after what they believed is due to manufactured performance issues being used to avoid severance obligations. Are North Carolina employees especially vulnerable to this compared to other states?

After being laid off, how much time needs to pass before you can reapply at GP? Without risking your severance.

I'm hanging on for a severance package. That's it. Considering the frequency of layoffs, I don't want to jump ship ahead of time and leave good money behind. I'm determined to leave, I'm just in a waiting pattern right now. I don't care if it's reflected in my performance. I've already given BNY much more than it ever deserved.

I was just wondering, do you think everyone that applied and took the assessment test is going to get a position? Or.. Will they use the assessment test or some other reason to weed out the ones they didn't want to keep anyway but didn't take the initial severance package?

I submitted for the VSP. As things kept getting pushed back I started looking for work. New job wants me to start August 3rd. Still no word from Centene. Submitted my resignation yesterday. No severance but I am so ready to move forward. Best of luck to the rest of you.

Sr. leaders: why are you still here? Cash comp at the 66th percentile, equity that hasn't moved since 2020. You're being paid below market and told the difference is in the stock — the same stock that just spent six years proving it isn't. Anyone with an equal offer should already be gone. And if you're lucky enough to catch a severance package? Take it. It's the best-performing asset this company has issued in a decade.

A Lakewood city councilor is demanding information from PNC Bank regarding severance and rehiring for nearly 800 former First Bank employees. These employees lost their jobs following the bank's consolidation with PNC. The councilor wants assurances that affected workers will receive adequate severance packages and future employment opportunities. If satisfactory answers are not provided, the councilor plans to propose moving the city's 20 bank accounts. PNC Bank stated they retained customer-facing staff and rehired over 250 technology colleagues.

Lakewood, Colorado

https://www.denver7.com/news/local-news/in-your-community/jeffco/lakewood-city-councilor-considers-working-to-pull-citys-pnc-bank-accounts-over-layoff-concerns

It's an excellent point made by a poster below. Many are hoping to cash out for the severance and feel entitled to do so. There is no disagreement with that. The sturm und drang has been real. Employees have earned that money. Now, they weigh whether hanging on for it will result in actually getting it. With the advent of the Cognizent bait and switch, it's a hard calculation. One colleague decided to bail after being je-ked around long enough.

Fortunately I was surplused on 7/1 after 28 years at Att. I’ve seen this company go from, a great place to work to a Stanky hole.

Anyways, when should I expect my last paycheck or severance payment. I haven’t seen anything so far. Knowing the inefficiencies at AT&T, I’m worried that this may take multiple calls to HR one stop. Only to find out that nothing has been done.

I was an R&D Engineer I with Medtronic for a year, with 7 months of prior co-op experience on the same team. In May of 2026, the project I was on was significantly gashed, resulting in functional leaders having less project work to give out than engineering resources available. Sadly, I was quite an easy target for the project to drop and my manager to no longer need. I'm posting the severance package here because I relied heavily on this site as rumors were swirling before the layoff.

My severance package:

• 2 months of "garden leave" where I still received full pay and was "technically" still an employee
• 4 weeks of true severance pay, given in a lump sum payment once I signed the separation agreement (no non-compete was given)
• Unprotected PTO payout (keep in mind that the protected PTO does NOT get paid out, so if you think you'll be laid off, be sure to use all of your protected PTO)
• MIP was still given (yearly bonus and additional 401k contributions)
• Unvested company contributions to my 401k will be rescinded, so after the MIP payout they will be taking $7k back from my 401k.
• They offered job placement help both within Medtronic and externally

All said and done, I couldn't have asked for a much better package (except the unvested 401k contributions being taken back). However, it still su-ks to get laid off.

Be prepared for a meeting to be put on your calendar after working hours. It will be your manager and an HR rep. The HR rep will be thoroughly unhelpful in answering questions.

A law firm is investigating West Suburban Medical Center for potential violations of the WARN Act. The hospital recently announced a mass layoff affecting 589 employees. This federal law requires employers to provide 60 days' notice before significant workforce reductions. Employees may be entitled to severance pay if proper notice was not given. The investigation aims to determine if the hospital complied with these notification requirements.

Oak Park, Illinois

https://straussborrelli.com/2026/07/20/west-suburban-medical-center-warn-act-investigation-2/

I had the impression that Chris was offered the position of next CEO, understanding that to decline meant he walked himself out the door. I guess it counted as an "involuntary termination without cause," which is worth $11M in severance.

Barry’s $11.2 million severance package for the involuntary termination of his employment without cause from Solventum is subject to his continued compliance with restrictive covenants, the company said.

https://www.medicaldesignandoutsourcing.com/solventum-ceo-pay-executive-compensation-severance-median-employee/

Thousands of Google employees have signed a petition demanding improved layoff protections. The Alphabet Workers Union is advocating for severance packages at least matching previous terms and the offer of voluntary buyouts before involuntary layoffs. They also seek the option of extended paid leave instead of lump-sum severance, particularly for visa holders. Additionally, the union opposes a quota-based performance rating system they believe unfairly impacts employees. These demands come amidst a significant increase in tech industry layoffs, with AI restructuring cited as a major driver.

Mountain View, California

https://hrexecutive.com/google-employees-demand-severance-guarantees-as-tech-layoffs-near-157000/

A law firm is investigating Hope Baking Company for potential violations of the WARN Act. The company reportedly ceased operations on July 25, 2026. This action may have affected approximately 250 employees. The WARN Act requires employers to provide 60 days' notice before mass layoffs. Employees who did not receive adequate notice may be entitled to severance pay and benefits.

Hope, Arkansas

https://straussborrelli.com/2026/07/20/hope-baking-company-warn-act-investigation/

Next round is August first week.

There will be no severance. You will be transferred to cognizant/zensar.

Either take it or leave it.

Was recently laid-off (displaced) from the Chandler site. I am getting a severance and paid out for PTO and two months of paid non-working time. At what point should I contact AZ Unemployment office? From what I can tell, I won’t qualify for unemployment benefits while getting severance. Is this true? I don’t want to sc--w myself out of the little bit of unemployment AZ offers as every little bit helps, but the AZ DES website is very confusing and impossible to get a live rep.

This company is the worst ever. They have no clue what they are doing. SMBC is for sale, probably sold already. Just let us go already. I'm not giving in though; they are going to pay me severance. Treating people like sh!t is going to work, and they aren't going to voluntarily leave.

I was let go after more than 20 years. I have to ask, why are you still at FIS? It is a tough market and the longer you are there without spending adequate time searching for a new job will hurt you. You already know it is a POS company. C Suite is filled with liars, and broken monetary promises. Are you too scared to try and consider something else or are you hoping to be let go for severance? Either way, neither will make you happy. You are losing out on potential other jobs that will be flooded with more candidates after more and more people are let go.

For those let go like myself, it haunts me every day and I feel your pain. I moved on but it took time. The pain, helplessness and uncertainty was real. My advice, network, network, network. Also, keep reviewing and looking into AI. It will be asked of you when you interview regardless of position or title. Don’t let your position on a spreadsheet define your worth.

Sc--w you SF and your overpaid minions who have watched the stock fall apart and a board that let the company go to cr-p with no changes the past few years.

Any idea what they are going to look like next week?

Anyone rif'd in the past collect unemployment? Do you file on your last day worked and get it after the 1 week waiting period or do you have to apply after your severance weeks are over? People with personal experience please reply.

Dan promised Wall Street ai-cs tech stack by November. That means more layoffs are coming to reach the $5b .. I expect more leadership departures to be announced soon since last week’s cuts don’t add up to the $500m Verizon wrote off in the sec filing for severances and real estate. Brace for impact.

seems like they are firing mainly developers due to cost reductions / the on going climate and moving developers to India. everyone's benefits were terminated and at midnight and were given the a standard bare bones severance.

1. Will the severance be paid as a lump sum, or do we have the option to receive it as staggered/salary continuation payments?

2. If paid as a lump sum, what tax withholding rate will be applied?

Thank you for your help.

The only question is how. I'm still here because I'm waiting to see if I can get laid off with a severance package. I don't want to quit and then find out I could have gotten something if I'd just waited a little longer.