I am part of a recently acquired company (not Qualtrics) and have seen the email about layoffs happening that will be announced in the all hands. I didn’t want to work for SAP, my company was acquired so I would not mind if I am one of the ones let go. Question is, how long between the announcement today and the conversations start? Also, what is the process (my old employer had people who were laid off stay on payroll for a month in lieu, then got their severance). Do we have to stay on for a month or are we free to go that day? Also, we still qualify for our bonus I imagine (we were told in a meeting we will get 100 percent of our bonuses in our contracts), or do we get screwed on that too?
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US follows WARN Act (60 days notice). Package varies per pay grade and level - runs from 1 week to a month per year of service.
Any one knows what's the severance package in the U.S ?
How many weeks per year of service?
@XmBIJKg-ydwm Nope. Just got laid off within CoE NA this morning.
The hush hush layoffs are not officially recognised as “restructuring”. They just talk you out
SAP layoffs are always hush hush - small batches, geographically distributed. This one feels different though.
3...2...1...NOW!
For voluntary they offered in January 2015, and last day was going to be March 31, 2015. With decisions needing to be made by some point in the midst of that. But the first notices came out in January. I was offered, and rejected it and stayed around. Very Happy I did.
In 2015, people found out in January...got an official call from HR in March, and then had their final day as of mid April, I believe. Typical severance was 2 weeks for every year of service, including those years with your acquired company, along with healthcare coverage for that same period of time. Who knows what will be offered this time around.
SAP should reduce the middle layer, too many managers and VPs and AVPs.