#severance

Posts mentioning hashtag #severance

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Statement from Blackbaud Fair Futures

Dear Blackbaud,

We are writing as a collective group of Blackbaud employees in response to Mike Gianoni‘s message regarding the next phase of the Workforce Strategy.

While the message states that the workforce will not shrink overall, it clearly acknowledges that valued colleagues will be made redundant over the next 24 months. For those directly affected, and for those remaining, this distinction offers limited reassurance. A strategy framed around growth does not lessen the reality of job losses, role displacement, or the anxiety created by prolonged uncertainty.

The expansion of roles in India and the use of AI as a driver of saving costs is simply unacceptable.

If this strategy is truly about shifting capabilities rather than shrinking Blackbaud, then we believe the following commitments are essential:
1.A clear retraining and reskilling guarantee for impacted employees before redundancies are considered
2.Transparent criteria for role evaluation and location decisions

  1. We demand a fair and equitable severance package for all impacted employees that reflects their service, contribution, and the disruption caused by these decisions.
    4.We demand that employees with outstanding vesting shares retain their full equity entitlements, with no forfeiture as a result of redundancy.

Given the erosion of trust and the uncertainty created by these decisions, we respectfully ask Mike Gianoni to consider resigning to allow for leadership better aligned with the values and stability employees expect. We are asking leadership to work with employees, not simply inform them.

We remain committed to Blackbaud and to our customers. We are equally committed to protecting our colleagues and ensuring that this transition is handled with integrity, transparency, and fairness.

Should leadership fail to engage transparently and address these concerns, we will begin organizing collectively and will consider industrial action

We look forward to meaningful dialogue.


Layoff Advice

Was picked and off payroll in 2 weeks. I didn’t find the PDF they sent very informative. Can anyone who’s been thru the process advise on best practices? What should I look to sign first, what should I handle first? What are some big don'ts ? Thanks in advance for positive assistance.


JE Notification Process

I have never been through this before, and am wondering how they notify people of JE. Does an email invite for an HR group meeting go out? Does your direct supervisor tell you? How are you informed of your severance package? My team and I are so worried. I wish we would know what tomorrow and the future holds.


NJ Warn

They exceeded the 50 employee layoff in NJ and failed to file the appropriate paperwork with the state.

As a result, they’ve advised employees who were scheduled to be laid off in 2 weeks, that they will be on payroll for another 3 months.

The best part is, the additional 3 months still does not satisfy the law. So why don’t they file with the state?

The company must now pay 1 week for every year of service in addition to 4 additional weeks pay.

“No, simply keeping employees on payroll for an additional 3 months (or any period) does not satisfy or cure a failure to file/provide the required NJ WARN notice.
Under New Jersey’s amended Worker Adjustment and Retraining Notification (NJ WARN) Act (effective since April 10, 2023, with key changes from 2020 legislation), employers must provide 90 days’ advance written notice of a covered mass layoff, termination of operations, or transfer of operations. This notice must go to affected employees, their collective bargaining representatives (if any), the chief elected official of the municipality, and the Commissioner of the New Jersey Department of Labor and Workforce Development (via specific forms and methods).
The law does not allow “pay in lieu of notice” as a substitute for providing the actual advance notice. Unlike some interpretations of federal WARN (which imposes back pay liability for the violation period but doesn’t explicitly prohibit pay-in-lieu alternatives in practice), NJ WARN is stricter in structure:
• The primary requirement is advance written notice (90 days) to allow employees time to prepare, seek new work, or access retraining.
• If an employer fails to provide the full 90 days’ notice (or any required notice), the penalty is not avoided by paying extra wages or keeping people on payroll longer. Instead, each affected employee is entitled to:
◦ Mandatory severance (one week of pay per full year of service, calculated at the higher of their average rate over the last three years or final regular rate) — this applies regardless of whether notice was given.
◦ An additional four weeks of severance pay as a specific penalty for the notice failure (this extra four weeks is not prorated for partial notice; it’s all-or-nothing if the full 90 days isn’t provided).
Keeping employees on payroll longer might reduce some practical harm (e.g., they continue earning wages and benefits), but it does not fulfill the statutory notice obligation or eliminate the employer’s liability for the additional four-week severance penalty. The law emphasizes actual advance notification, not just compensation.
Federal WARN (which NJ WARN builds on but exceeds) similarly requires 60 days’ notice with no explicit provision for pay-in-lieu as a complete substitute, and violations trigger back pay liability up to 60 days.
If a company is in this situation, the best course is usually to:
• Provide as much notice as possible immediately (even if short).
• Pay the mandatory severance plus the four-week penalty if notice was deficient.
• Consult employment counsel, as employees cannot waive these rights without state or court approval, and claims can be pursued individually or collectively.
For the official statute text and filing details, see the NJ Department of Labor site (nj.gov/labor) or the 2023 amendments PDF. This is not legal advice—specific cases depend on facts like employer size (100+ employees nationwide), number affected (50+ in NJ), and exact triggers.”


Returning monitors

Are we returning monitors and docking stations?

I asked HR answers and they only itemized laptop and concession device. I specifically asked about desk equipment and they did not reply to that part.
Also in the severance agreement it mentions laptops/other computers and devices. Nothing about Monitors/docking station.

What do we all suggest? Anyone from the previous rounds have any input?


TECDP PIP

Anybody know of any situations where a contractor or TECDP got hit with a PIP, or was unable to post-out of their role.

Seems to be a huge concern as a lot of the class is trying to get post-outs and are struggling, with some having to leave externally.

Definitely team dependent of course, was just overall curious.

I’ve heard of TECDPs that posted-out then got canned.

Does it come with severance?


Layoff Severance negotiation

Has anybody been involved with IBM for severance negotiation during layoff in the united states through an attorney . What is the outcome when the attorney is not successful in getting a bigger package . Does IBM still pay the 3 month severance even if you tried to negotiate through an attorney ?


As bad as BNY is, Pershing Management is worse, esp their Client Service Leadership

This company operates with an outdated mindset, and as a former Pershing Advisor Solutions employee, I saw firsthand how deeply the issues run. Strong performers were often pushed out or left on their own, while promotions frequently went to individuals who simply filled gaps rather than elevated the organization.

Middle management was routinely pressured to give artificially low performance ratings so directors could meet layoff quotas—often without offering appropriate severance. The result is a culture where talented people feel undervalued and unsupported.

It’s disappointing to watch, and I genuinely encourage high‑performing employees to explore opportunities elsewhere where their contributions will be recognized and rewarded.


It’s gonna be a while…

I was in the BenefitSolver to do something and noticed a new “Leaving T-Mobile” with resources for those laid off. It has a schedule for calls about benefits and severance, and those are basically every Wednesday through the end of April. If I got laid off last week I’d want to know all the details so why would I wait until the end of April?  Makes me think this won’t be over by end of Feb like many of us hope. 


Severance, retirement and Medicare

Just had a talk with my adviser about this whole voluntary layoff thing….With me I am so close to 65, I plan to get out of telecomm and pick up a mediocre part time job to cushion the loss of CC funds. Come to find out the upcoming deposit of my severance, any upcoming bonus, banked PTO, etc etc….will be held against me when I start my Medicare…the large deposit will be a IRMAA surcharge on both my Medicare part B and part D premiums. This sliding scale of 5 brackets will no doubly kick my Medicare premiums a few more hundred dollars per month. To those of my coworkers who plan to jump into retirement after the severance comes may take this into consideration. If anyone has any constructive criticism on this matter, I’m all ears.


Curious to see if people requested Early retirement in Spain and now are part of the RIF/ERE.

I was wondering if there are people in Spain who requested Early Retirement but instead ended up on the RIF/ERE list and simply getting the RIF/ERE Package instead of the Early Retirement package. I think Oracle abuses the fact that people conform the Early retirement program and are getting fired with a much lower payment.


Waiting for the upside

It’s been a few weeks since I was laid off, and nothing promising has landed yet. I keep hearing stories about how this is supposed to turn into a fresh start, but right now it’s just applications and silence. Severance buys some time, not peace of mind. I’m trying to believe the positive turn comes later, even if it’s hard to see from here.


Taxes Twice for VRSP Severance

So when I accepted the VRSP and received my pay out I was heavily taxed. Then to add insult when I received my W2 my severance was also included in there as well as if I had worked for the company longer then I had. Therefore taxed twice on the payout and not just once. Horrible company.


Severance W2

Has anyone laid off from the original wave received their w2 from 2025 for this severance payment? I called and asked for mine because I never got it, they were supposed to email it and I still don’t have it. I’ll have to call again this week.


About 1% of corp risk does anything

33% are doing the minimum waiting for the axe hoping for severance
33% are doing the minimum waiting to retire
33% are barely doing the minimum waiting to see whether they got another job.

the other 1% work because they dont know any better.

No raises...everyone fired every other Tuesday...zero chance of being promoted or getting exceeds...of course people are skating...there is no incentive to row the boat on a sinking ship.


It's all about the age

Removing people with seniority = removing OLDER employees. It's always the same. When they do a "reorg" with layoffs, they slice and dice the data to hide the age impact. Then they rinse and repeat every couple of years. They don't care about their "teammates." They routinely clean house of the older, more experienced and expensive workers to make the company's financials look better for "The Street" and try to improve the stock price. Most of those folks have 3 years worth of unvested restricted stock that they LOSE when they get laid off and then those shares revert to the company's coffers. They give people NO NOTICE, knowing 99% of them will sign their sh---y severance agreement waiving their right to sue because they need the money. It's horrible the way they treat people.

Good post, it should be in its own thread. The original poster is @7jc+1kd557pb0.


Bay Area CEO Gets $3.5M Severance Amid Mass Layoffs

Hundreds of employees were laid off by a tech company located in the Bay Area. Concurrently, the CEO of this unnamed company received a substantial $3.5 million severance payment. The timing of the executive's payout alongside the significant job cuts has drawn attention. This situation involved a technology firm operating within the broader Bay Area region. The specific name of the affected company was not mentioned in the provided headline.

https://www.sfgate.com/tech/article/workday-severance-layoffs-21346064.php


Cobra coverage

What happened to Crown continuing coverage throughout the severance period? I just filled out the continuation form and Crown is paying $38 and I am paying $2000 per month. This is my 3rd lay off in 25 years in the industry, its never been done with less respect and support than what Crown has shown. I will be surprised if the severance really shows up and I have no faith in the bonus actually being paid out. What do you expect from a company that allows unlimited drinks on the cooperate card?


Cigna to Cut 2,000 jobs reported in News Today

https://www.healthcarefinancenews.com/news/cigna-cut-2000-jobs

Cigna plans to reduce its global workforce by approximately 2,000 positions, representing less than 3% of its workforce.

The layoffs will occur by the end of February.

A spokesperson for The Cigna Group said by statement: "As we drive greater efficiency across our business, we have made the difficult decision to reduce roles in our workforce. This decision was made with deliberate care and focus, and we are providing a package that includes a variety of transition services for impacted colleagues."

Cigna did not give specifics on which jobs or departments would be impacted.

The news coincides with Cigna’s Q4 and full-year 2025 earnings release in which the managed care company reported better-than-expected results for the quarter but set its full-year earnings guidance below expectations.

During the earnings call, President, CEO and Chairman David Cordani announced the settlement of a lawsuit with the Federal Trade Commission over Express Scripts' insulin pricing.


Severance package on Sparq

Everyone should know what the severance package looks like for their grade level and years of service, as published in Sparq. For non-managers, you may be surprised by how few weeks are paid out. The severance package is unlikely to carry you until you find a new job. Use your floating holiday early in the year before using any PTO.