Can I look it up somewhere?
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I heard it was around 5000 associates during each of the phases (Oct and Nov). That’s close to 20% of our 58K associates. I’ve seen a Staff VP and several managers get shown to the door. Kinda funny, the Staff VP decided to retire on Oct 20th, but the managers were RIFF’d. Double standard all around.
26 weeks is the maximum
@arn+1oHZBDzY is there a maximum number of weeks?
So when's the official last day? Does anyone know?
as stated in the "September Layoffs" thread
as to the severance pkg, go to home page in browser on company computer, you can search for the word severance or look for Supplemental Unemployment Benefit Plan. You may want to look at the Excess Termination Benefit Plan. That one is not for everyone
note if you are at you will be 62 or older during your severance period there may different rules that apply to you
Severance:
- if you are below a 14, it's 4 weeks base + 1.5 weeks for each year of employment,
- if you are a 14 or higher it's 8 weeks base + 1.5 weeks.
- Based on what i've been hearing, 5k is on the low end as I've heard it's between 10-20%.