We all know an involuntary round is coming, and it'll most likely have a lesser package attached to it. So those of us who want to stay can say no to a VSP just to end up laid off a few months later and with less to show for it. Kind of makes it really hard to say no, doesn't it?
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@c6 Do tell.
How long were you with the company the first round? I think tenure and salary is a huge factor in the VSP. Mind giving us a clue?
@c6 Did they bridge your gap in service or reset your hire date?
I got laid off last year by the company. Declined severance and applied and got another position. The severance I was offered with last years layoff was significantly more than this VSP offer
@aj I could not find anything on usual standard severance. I am seeing conflicting post about how many weeks. I have seen post = if you were offered 10 weeks with 4 extra weeks you will probably get 10 weeks if involuntarily laid off. Does anyone have more insight or a better guess on prior knowledge experience what the usual severance.
They should absolutely give you the same payout as what was offered in the VSP if you say no and get laid off anyway. The extra perks like the extra weeks and bonus and COBRA, i would understand that - but the other amount - you're right - if you could offer that for the VSP you should definitely be able to give that at involuntary layoffs.
The other thing I've been wondering is - if you accept the VSP, and then get denied (as it is subject to approval) - can they still lay you off in the next wave? Because that right there would be some sheisty shizz and would open them up to a ton of lawsuits I would imagine....
Ther fine print on the VSP - "estimated - is so d-mb....so you're saying I could accept thinking that's what I'm getting and then get what - half that much???
@ag This is the issue a lot of us have, what is the non-VSP severance package? Some are saying last year's layoffs the severance was 12 weeks regardless of how long you were here. Health Net of CA used to have it documented in the employee handbook. I have not seen Centene's policy in writing for non-VPs.
@a2 I’m thinking the involuntary amount will be minus the 4 week enhancement offered with VSP and maybe no cobra payments
The primaty disclaimer at issue is the payment amount which is not guaranteed. Neither is when you are released.
...part of the 2023 layoffs, those were involuntary layoffs, however they still made us sign disclaimers and disclosures if we wanted the severance and the same thing now it does not make any difference if it is voluntary or involuntary, the only difference will be how much $$ and value the severance will be to you.
I have the same thoughts, but I'm still not accepting the VSP... the disclaimers alone were a hard pass for me. I feel like this is all a psychological game and fear tactics to save face.
could you imagine if it came out that 9K employees were laid off (not saying that will be the number), but could you imagine?
I think their reputation would absolutely tank if the involuntary layoffs receive less of a payout. we all have proof of what the initial offer was; if they can afford this initial offer, they can offer the same amount if it comes down to it.
It's wishful thinking, but I'm trying to stay positive 'cause all of this is bullsh*t.