The rumors are all over the place. Does anyone know anything for certain?
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@dv more than 5 years, less than 10
@a6 what other T. Rowe thread?
@d3 Severance depends on your tenure with the firm. It can be more or less than the 3-4 months that you mentioned.
This layoff nonsense has been going on sneakily in pockets since the mass layoffs last July. For all those who think these are rumors wake up. They are trying to avoid the press by doing it in a sneaky fashion. Get your resumes ready. Hopefully those in charge who are making these constant bad decisions get what is coming to them as they continue to destroy innocent lives. By the way nice stock price. Joke company for sure.
Any idea how many people were impacted?
@d3 how long were you with the firm?
Marketing getting hit hard and global distribution. They really need to focus layoffs on the execs at this point. Ex. Phil K
@d1 hr said ill receive a last paycheck with pto and personal time included plus a cash payout that equates to three to four months. waiting for the full package breakdown later. good luck out there, i wish you all peace and that this gives those of us that need it a jolt to do something bigger and better with our lives
any severance? last date? I am one of the impacted
@cz Meeting invites were sent before 8:30 for sometime today. The meetings are 15 min Teams meets w/ HR on camera where they overview your exit package and expectations moving forward. You'll then get the details emailed to you today + an agreement sent tomorrow. You get 7 days to review and sign the agreement, if you choose.
@cx wait… sincerely did you get notified by email or receive a meeting invite. If people were told by email I’m going to lose my sh-t at this new low
@OP those that were eliminated were notified a little after 8am. well, the emails from HR went out. my "meeting" isn't until 9:45 so i get to sit with this.
@a3 which groups?
@ab what percentage of head count, ya think?
Yes. Definitive.
Yes, check the other T.Rowe thread
Heard it is happening tomorrow for two different groups.