#severance

Does anyone know what is the policy for Severance pay in Texas and if/how it is tied to the number of years of employment?

Thanks

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?

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.

eom

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.

I'm not going to be surprised if in the future that's no longer an option. After all, it's not mandated by law, so I can definitely see this leadership deciding it's no longer "in the company's best interest" to keep paying it.

If you have confirmed information, please share it. Otherwise, we're just feeding the anxiety, and we're all stressed enough as it is.

Instead of having tons of messages, let’s do this:

• Position

• Department

• Years of Service

• Severance Offered

Why are there so many rumors about reduced packages, or people not getting one at all? I haven't heard anything concrete. Is this just conjecture, or is there a real change coming?

The macro labor market is weak with lots of retailers going out of business (experienced managers looking for jobs would take half of what I make).

Who else is ready for severance vs just coasting and taking the 25 pto +6 holiday=31 paid days off per year, profit sharing match, and bonus?

Imagine getting the top paid MGRs off the books now before the next fiscal year starts.

Create a new position that changes the store manager title and pay...Forcing this change.

The HR data shows store manager vacancy and turnover is already horrendous, so clearly the current system isn't working.

WOW, private equity would make so much profit!

Has anyone anyone else heard rumblings that the severance package for the next round of RIFs is going to be reduced?

The K-12 health care startup Hazel Health has laid off 135 people, about half of whom are clinicians. This is the second round of layoffs announced at the company in the past four months.

https://bhbusiness.com/2026/02/06/hazel-health-cuts-135-employees-second-layoff-announced-in-4-months/

On February 9, 2026, Forrester Research announced a workforce reduction of about 8% across geographies and functions, following notifications that began on December 15, 2025 and are slated to conclude by July 31, 2026. The company expects pre-tax expenses of roughly $10 million to $10.5 million in the fourth quarter of 2025 and the first three quarters of 2026, primarily for cash severance and employee benefit costs tied to these layoffs.

https://www.tipranks.com/news/company-announcements/forrester-research-announces-workforce-reduction-and-restructuring-plan

Panera Bread is closing its bakery facility located in Franklin. This action will result in the termination of 92 employees. The company is shifting its operating model to use third-party bakers. Panera staff will then finish the baked goods in-house. All affected workers will receive severance packages and job search assistance.

https://wbjournal.com/article/panera-bread-to-close-franklin-facility-lay-off-92-employees/

Anyone impacted by Dec 2025 layoffs still waiting to hear from HR? This is getting ridiculous at this point. No official notice if layoff (just the verbal convo with manager) - no severance notice, no box for laptop.

What’s going to happen to the Imperial Staff at Norman Wells after its closure later this year ?

I assume they were accounted for in the Sept decision a slated for a severance ???

I heard the money was good up there, su-ks for all affected.

Current Severence policy not accessible online! Can someone else check? Policy might be changing...

Right way to lay off: SAS - notice and generous compensation
Wrong way to lay off: WP - no advance notice, no compensation, employees left stranded in war zones

https://www.youtube.com/shorts/sPgnh4U6Oj8

Those who were impacted at the end of January, take the money and run as far away as possible from this place!!! A lot of non member contact employees are going to be doing the work of 3 people once this reorg is complete. Like the agile transformation 3 years ago and the massive failure that was, does anyone think this reorg will be any different.

Wouldn't it be smarter to wait for severance?

My team is half the size it was last year but the output expected from us is exactly the same. I'm overwhelmed every single day trying to cover the gaps. Getting a package to leave is starting to seem like a better deal than this grind.

I know a few folks who were recently fired for ridiculous things. That's been my biggest fear lately. Being laid off at least leaves us with some kind of a safety net. I'm not trying to minimize the impact of what's coming, just saying that sadly, it's no longer the worst possible option.

I'd take a buyout in a heartbeat if they offered it to my department. I'm wondering if expressing interest early helps your chances. Does anyone have direct experience with volunteering to be included in the reductions?

Layoff sometimes gets you out of bad environment what doesn’t work for you or the employer for various reasons. Regardless whether layoffs will transform Walgreens or not depends on who they keep and who they layoff. Some time it may seem like easiest thing for the decision maker to do is ask the management but what if poor management is what is hindering the company from making progress. Anyway, the best thing to do right now is wait for the changes. Recheck if you see light at the end of the tunnel after they make changes if you are still there. If you don’t like the changes and you did not get picked for layoff with severance package you hoped for then you should look for new job so you can make your life better. With that, the ball is in their court to take proper steps including re-organization, office that works for all, right person in right role etc.

Staying positive and hoping for the best is all you can do. Hope you all have a great weekend now. Don’t pay attention to all the chats and catch a great movie tonight or watch the Superball. But come back brave tomorrow.

As long as I'm given decent severance, I'll happily leave this place behind. I don't see anything positive in Oracle's future, at least when it comes to employees, so getting out sooner rather than later would be a win in my book. Again, as long as I get paid to leave.

Anyone else just wants a package at this point? I rather take the money. Leave this place and search for a new job with a long paid break. I think they purposely don’t pay us enough to make enough to save and leave.

Taking into account the company's cash position, have you considered the possibility that you may not even get a severance?

One interesting use case for AI is to analyze all merger of equal transactions, notably WPX and Coterra with Devon. ChatGPT seems to think there is a possible claim to be made that Devon employees should be entitled to change of control severance since WPX and Coterra employees were also entitled to COC. I’m not saying Devon employees who are severed should pursue legal action, but they should consider writing their legal documents differently.

Given how much Devon’s presence means to okc you’d think they’d treat their employees better. There’s also probably some TIF clawback provisions okc could go after if someone from the news wanted to run with this.

I have been waiting for the doc more than 3 weeks since I was informed on the RIF in mid-January. I am not sure why it takes so long to send the standard Docu sign via email on the separation. I just want to make sure I am not the only one. Did anybody receive the separation agreement?

Has anything changed?

On July 31, 2025, I was contacted by my manager’s manager via Microsoft Teams for a brief meeting late in the day. During that conversation, I was informed of a workforce reduction and the company followed its standard separation process. Immediately after the call, I returned my company laptop to a colleague and my system access was concluded.

On August 7, 2025, a representative from Human Resources formally reached out to review the details of the separation, benefits, and transition process.

My official last working day with the company was November 19, 2025.

On December 2, 2025, I received my final paycheck, which included payment for all accrued and unused vacation time.

Finally, on February 7, 2026, the company issued my severance payment in accordance with the separation agreement.

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?

Anybody know how to get offered the severance package if you were moved to another team? I got moved to a new department without any say in it, and I'd rather have the severance instead.

Q1 employees got there notice there last day is the 10 of February. Severance packages 1 week of pay for every year. Facility is closing and moving to Fort Worth.

Recently riffed and took severance. I recall seeing there was a “6 month cooling off period” in our severance details but I have logged into the severance portal and that information is gone. I cannot find anything regarding the details of the 6 month cooling off period. Only thing in my severance document is something stating that if I am re-hired by a Verizon company within my severance period I have to repay back a portion of my severance. Are we allowed to work for victra if we accepted severance or that is considered a Verizon company?

Where are all the “JOBS” that Amazon promised would be available to the 16,000 they laid off this month? Where is all the “SUPPORT” they claimed they would provide us to find alternative jobs within Amazon? Where is the “…..WORLDS BEST EMPLOYER” support Amazon promised us? Why are all the jobs disappearing from the internal jobs site all the sudden?

This horrendous company, albeit they paid me great money and moved my family and I across the country, bait and switched me only to be laid off and unable to afford moving back to where I called home. So here I am, sitting in front of a laptop looking for non-existent jobs from hiring managers that fail to respond to a courtesy slack introducing myself and explaining why I am reaching out (basically that I’m about to be homeless) today. When they do respond back, why are they telling me the role has since been filled when it was JUST posted three days prior?! I am OVER qualified for positions I am applying for and STILL no response.

I have been with Amazon almost a year and a half. The most recent Forte landed me TT, as confirmed by receiving a copy of the letter of recommendation from my L8 supervisor. I have had three different L8 letter of recommendations sent to one specific hiring manager, whom responds back to them stating they will reach out, only to have zero interaction with said “hiring manager”.

I have been assured, multiple times from a reputable source, that I will be offered a role before the date ends, but how am I honestly sleep at night when I have yet to receive any communication. Do not think, for so much as a second, that I am an HV1/2 or even HV3, I have proof I am TT. If someone who is “valuable” to Amazon, why do they allow me to feel like that nasty urinal cake from the men’s room of a sleezy capital hill dive bar?

This is absolutely depressing to say the least, this company has me sitting here contemplating things nobody should ever have to contemplate. I truly feel like I am being buried alive with a plastic stir stick to breath from.

Wish I had someone to help, someone like myself as I help my team find jobs. Ironically, to which I have already landed 3 of my 7 direct reports with roles before their severance date ends. Meanwhile I will likely be unemployed come May since nobody is helping ME find a job. How’s that for “… WORLDS BEST EMPLOYER”?!

I certainly don't wish for anyone to lose their job. I just want my severance so I can be on my way. This place has been toxic and utterly exhausting. There's only so much you can endure before it erodes your well-being. There's a whole life I've been missing out on for years. Don't ever let work monopolize your mind and time. The sacrifices never truly pay off in the end.

Between Q3 2025 and Q4 2025, FSB reduced FTE headcounts from 13,221 to 12,824 (379 FTE reduced). However, Salaries and Benefits expense went up from 1.74 billion dollars to 2.32 billion dollars. This does not include bonuses since bonuses are paid out in Q1 2026. Has Bank really spent so much on severances or has Bank hired highly compensated employees while cutting MSRs?

You can look up the numbers by going to FFIEC call report.

They reduced the lunch cafe hours, and now they expect us to come in even more? Are they trying to get people to quit without having to pay severance packages?