Quick question for anyone in New Jersey who was part of the Feb. 20 layoff wave.
Did you only receive half of your severance so far? If yes, have you heard anything about when the second half is supposed to hit?
Also, any word on the RSU payout timeline? Haven’t seen any updates yet.
Appreciate any info, trying to figure out what to expect. Thanks.
4 replies (most recent on top)
Same here, I got the NJ required severance, my last paycheck, STI, and pay for my vacation balance, so I am missing about 50% of my severance
@OP final pay for week 2/15, NJ required severance and vacation was paid out last week. VZ severance bal to be paid end of March. Six stock distributions showing vested on 2/20 - should start rolling to your individual brokerage acct starting in Apr.
Only the NJ portion was paid out now because you get that regardless of whether you sign the agreement or not. The remaining portion only gets paid out if you sign the severance agreement and it should be paid out within 4 weeks I believe. The RSU’s will be paid out within 60-90 days and not all at once. I called Fidelity to ask about those and that’s what I was told.