#severance

Posts mentioning hashtag #severance

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October 15 eve

Rumor is massive layoffs tomorrow. Yet the severance policy hasn’t been adjusted downward, and I haven’t seen other obvious clues. Also it seems they should have done it in Q3 to offset the bad news we expect. Does anyone have insight? Otherwise I have to assume the big layoff will occur second week in December to capture it in 4Q.


WARN Act 1988

It would seem obvious that the WARN Act will be dismantled shortly since the bill was introduced by a senator who would be shunned today, and passed by a completely different type of congress than we see today. Not surprisingly Reagan did not sign the bill.
No question today's administration will ensure corporations have as much power to layoff as many workers without so much as a grunt. Removing guardrails meant to protect employees is their goal. Pay attention.


How IBM self destructed in 9 minute video

For those of us who fondly recall working for the most respected company on the planet in the 70s and 80s I think this sad video speaks for itself. This is the destruction of IBM Endicott campus which was a crown jewel of IBM founder and CEO Thomas J Watson for 42 years. He cared DEEPLY about IBMers and had engineers paint buildings rather than lay them off in hard times. Building after building and campus after campus all being bull dozed like this as perhaps the largest and longest RIF reduction in force has been going on since Gerstner came in 93. Since then there has been some recoveries but every IBMer (most from acquisitions now) put their head on the pillow every night wondering if I am next for the RIF or PIP the new trick performance improvement plan to avoid severance. In these building shards generations of IBMers were the best of the best.

https://www.youtube.com/watch?v=6qOck_46ZYc


Imperial Oil Sarnia transition – relocation or severance updates?

Hey everyone, what’s the latest on the Sarnia situation?
It seems discussions between management and research staff are still ongoing. There’s talk that some employees might be offered relocation options — possibly to Edmonton or other sites — instead of full severance packages.

The overall timeline also appears to be shifting, with the move now expected sometime in Q1 next year. It also sounds like some Houston teams are on hold with equipment transfers until there’s more clarity.

Does anyone have confirmed updates or insight into where things currently stand?


A commitment to those we lost with the new layoffs

Dear exited US Foods family members, It is with deep sympathy that I add this post. I am new to posting though I read this board a couple times each week. I had a horrible weekend just thinking about those of you that we lost. I wonder if the leaders of those departments that lost coworkers also had a rough weekend and postponed some activities to think and pray for all of you. I wonder if they talked to their family members at dinner or at a family meeting about how there are people that are hurting and asking them to pray for them or even do a volunteer activity together to make sure their kids grow up with empathy and kindness for those who are hurting. It seems the many RIFs at work are making even my department feel how bad these can be. I wonder if any of the executives or even our department leaders, who are well connected looked at the openings on Indeed or Linkedin and found openings and decided to call friends they know at those companies to tell them about one of our affected former employees to give them a better chance to recover? Or will they sit around and drink and watch the baseball or football playoffs or hang out with friends and laugh at a fancy dinner. My friends and in my and other departments all took time to do the considerate things above and are calling our friends at other companies starting today to see if they can be hired. We called our former associates to see how they are doing and plan to continue. Some were doing fine but most were terrified and not in a good place. Two of them were so angry and off that they said some scary things. We considered telling our security department but thankfully we read the articles and hearing of his interactions with others in our department, we do not have the feeling that the security department Vice President will know what to do. I wondered if he would just talk about it openly to everyone in the same way he has about other things going on in the company or with his previous employer. My friends and I have talked this morning and decided to check on the ones with the irrational or hostile reactions and try to get them talking about other considerations. We know you we all affected before the holidays and ask that you reach out to those you still know who are still here if you need anything. We might be able to help as friends with finding work or giving money or something. I know of one of you that cancelled a trip a week to visit your cancer stricken mom because you can't afford to now. We have gathered some money together and will call you today to send it to you to help you with those costs. We hope readers on here will do the same for those you know who are no longer with us. Those of us in Human Resources know the severances are small and the services that are being offered are not worth the paper they are written on. We will be there for you. I close by asking those still here to help your former colleagues. I also vow to join those on this board and do what ever I can internally to force our leaders to take action. I did not realize how helpless one can feel to hear scary reactions from former associates and feel like there isn't anything that you can do because you know the person responsible for dealing with those consequences is not a man of integrity and is in over his head. He had the nerve to talk to a friend of mine in another department and tell him how bad our Field Vice President was handling WPV incidents in the past and how she opines too much now when complaints surface when they have to work together on an incident. Telling our internal field leaders to just call him directly next time is not acceptable. You are now part of our Human Resources department and ask that you behave as such. We also vow to be more helpful on your needs in our regions and to help our associates inside to let them feel the US Foods that I have grown to love in the many years I have been here. This was suppose to be a short post but it is hard to contain my feelings of what is happening in our beloved US Foods.


What benefits are people affected by the WFR receiving? Were you able to negotiate?

A friend from Meta suggested that if I’m impacted, I should tell them I won’t sign anything until I’ve reviewed the contract with a lawyer. Has anyone actually done that and been able to negotiate anything? Any advice if we end up in that situation?


LA office to close

I heard from an AVP and SVP that T is exiting out of the LA buildings by early next year. It seems with the DirecTV sell off being completed, the company has no need to maintain office space or further operations there.

Anyone else located in LA hear anything? Are they being laid off and offered severance or told to relocate to Dallas first before that becomes an option? Does it make sense to relocate to Dallas in such an event?


Microsoft Reportedly Lays Off Shanghai Azure Staff Amid Ongoing Global Restructuring

https://technode.com/2025/10/11/microsoft-reportedly-lays-off-shanghai-azure-staff-amid-ongoing-global-restructuring/

Reports: Microsoft Shanghai Layoffs Offer N+4 Severance, Relocation to Australia Option

https://pandaily.com/reports-microsoft-shanghai-layoffs-offer-n-4-severance-relocation-to-australia-option


Augusta Sportswear / Momentec Brands

Augusta Sportswear, also called Momentec Brands, will close its Sidney distribution center.
Closure date is January 30, 2026.
58 workers will lose their jobs.
All layoffs happen at once.
Reason is consolidation to a new North Carolina facility.
Company cites softer demand and rising costs.
They expect better service and lower costs after the move.
All employees will get severance.
One role will relocate to North Carolina.
A few roles may switch to remote work.


Finally got the paperwork signed...

After 3 weeks, the separation agreement is finally done. Dell is covering 2 months of COBRA insurance (they cut us off a full week BEFORE he was laid off).

How long did it take for y'all to get health insurance reinstated? We're in OKC and I've been without medication for a month now. It's way too expensive to pay out of pocket (thousands). I'm afraid it'll be too late to use it by the time they reinstate & backdate it.


Benefits after layoff question

My husband signed his severance paperwork yesterday (after waiting for 3 weeks for them to get it to him) and they agreed to cover 2 months of COBRA.

How long did it take for them to reinstate the coverage after you signed the paperwork? They canceled ours a full week BEFORE he was laid off. (They claim they are "looking into it") But I haven't been able to refill medications ($$$$$) or go to appointments for almost a month now. I fear they will reinstate it too late for us to be able to use it - with the backdating.


Would you take a payoff next week?

Not sure how it works in US but feel free to comment. Maybe just Allstate Northern Ireland folks. Would you take a 9 month salary Payoff next week if offered or stay and ride it out a while longer?

Thumbs up yes, Thumbs down no.

Genuinely interested to see.

Me, I'd hope for a payoff in 6-12 months but not currently so probably a no


polite way to get a package?

3 yrs ago my children passed away from a rare form of cancer. This last yr my marriage fell apart. I've never even told anyone even close this at work. I dont want to be another sad story sounding pathetic, but I would very much like to be laid off. I want to feel something again, not numb, not seeing sad faces, fake faces at work. I've been thinking if I get a package I can go live in Mexico or something for a while, the people there seem happy. Any advice is welcome.


Severance Pay - Share your Numbers!

Bored. I can’t hide the fact that I’m nervous about layoffs. I’ve been with the company for over 8 years.

If you’re open to sharing, how many years did you work for the company, what was your salary at the time, and how much did you get paid? Did it include bonus? What’s the tax percentage they held?


Not to sound rude, but the people who don’t get laid off will have it harder

Getting laid off is probably the best thing to happen to someone. You get a paid vacation for whatever your severance covers. You don’t have to work. All of your work is just dumped on some poor soul who was chosen to stay. You can do whatever you want. If I stay, I’ll be jealous of everyone who goes.


Accenture spent $2 billion in 3 years... to sack employees!

Accenture has reduced its workforce by more than 11,000 employees in the past quarter, spending over $2 billion on severance in recent years as the company undertakes a major restructuring driven by automation and changing industry demands.

https://www.msn.com/en-in/money/topstories/accenture-has-laid-off-over-11000-employees-it-has-spent-over-2-billion-in-severance-cost/ar-AA1NZs2v?ocid=finance-verthp-feeds

https://www.indiatoday.in/technology/news/story/accenture-layoffs-11000-jobs-cut-2-billion-severance-ai-shift-2798987-2025-10-07

Accenture layoffs: How much did IT consulting firm spend to reduce its workforce?

In fiscal 2024 and 2023, Accenture recorded business optimisation costs of $438 million and $1,063 million, respectively, primarily for employee severance, according to the company's annual report.

https://www.livemint.com/companies/news/it-layoffs-how-much-did-accenture-spend-to-reduce-its-workforce-11759850757340.html


Timely advice - If you are let go from Truist

Here’s something most people don’t realize: banks settle 98–99% of wrongful termination lawsuits before they ever reach trial. That’s right, only 1–2% make it to court. Why? Because they know what’s at stake, it's cheaper for them to settle than actually go to trial.

So if you’ve been let go and you belong to a class protected by EEO laws; you owe it to yourself to talk to an employment attorney. Many offer free consultations, and that one meeting could completely change your outcome.

If Truist offers you severance, do not sign anything yet. Severance agreements are written to protect the company not you. Once you sign, you forfeit your right to sue.

Instead, speak with an attorney first. You can file a discrimination charge with the EEOC, get a “Right to Sue” letter, and bring your case to federal court. You and your attorney will file a lawsuit with the federal court in the federal district you reside in.

Here’s the part they don’t want you to know: settlement amounts are significantly higher than whatever severance you’re being offered, in the tens or even hundreds of thousands of dollars.

You only get one shot at this. Make it count. Stand up for your rights, and don’t walk away without what you’re truly owed!