Thread regarding Symantec Corp. layoffs

In regard to your point:

4. If transition for upto 12 months you will get severance in accordance with symantec policy, paid by Broadcom.

Is there any documentation in that regard?

Does anyone have a copy of the severance plan at closing in Nov 2019?

For the UK, TUPE Law is clear:
(Copy/Paste directly from Gov.uk)

“If an employee doesn’t want to work for the new employer
Employees can refuse to work for the new employer. This is the same as resigning - they won’t normally be able to claim unfair dismissal or redundancy pay.

Notice isn’t required. The employee simply tells the employer, or the new employer, before the transfer happens. Employment then ends at the time of transfer.

If an employee’s working conditions are significantly worse because of the transfer, they can object to the transfer, or resign and claim unfair dismissal.”

So the thing to look out for is if your conditions are “significantly worse”. You could be entitled to unfair dismissal. (Now we are into court proceedings)

I’m not sure how this could happen since contractual agreements remain the same as part of TUPE and presumably you would only know they are “significantly worse” after accepting a contract of work and begin to experience working conditions under the new employer.

I believe one thing could be if Reading office closes and you have to travel hours into an alternative office.

You all are not getting severance . Don’t be dumb. Broadcom owes you nothing, Symantec has no skin in the game and many of you are a casualty . Who cares, s— it up and find s new job. Those of us laid off while you made fun of us got great packages and a lot more . So karma s—s doesn’t it, lol!!!!

Severance above and beyond that which is mandated by your jurisdiction is not a contractual benefit. Ie it is entirely to the discretion of the company of they pay it.
Having said that, we will get severance, big tech companies are terrified of unionisation and so will not rock the boat by refusing it.
And no, if we move to Broadcom we aren't getting fired. Broadcom will almost certainly honor our existing employment as continued employment if/when we get let go.

Broadcom divested CA service peole to HCL. HCL has no severance policy at all. For 12-month, those divested peole are still entitled to old CA severance policy; after 12 months, nothing.

SYMC service people might get into the same situation after the deal being closed.

@10sddouu-1rvw
@10sddouu-1xlp

Off course there is nothing wrong with being delusional ;)

If someone does not have a choice as to whether to stay with Symantec and are not fired for cause, then they are being fired by Symantec without cause regardless of whether they have accepted an offer from Broadcom. If Symantec takes away an employee’s choice as to whether they are to remain employed by Symantec, then they should be required to pay severance in accordance with their past pattern and practice.

I don’t agree that employees who refuse an offer from Broadcom are not entitled to severance. In that case, they remain employed by Symantec at the time the deal closes and should be entitled to the same severance as those who did not receive an offer and remained with Symantec until the closing of the deal.

In fact, I would go so far as to say the employees who remain with Symantec and accept an offer from Broadcom should also be entitled to severance. Such people are in the same position as employees who are terminated by Symantec at closing and have another job with a company other than Broadcom that begins the day after closing.

Make no mistake, everyone in the EBU is being fired (or forced out) by Symantec as demonstrated by the fact that unvested RSUs will be forfeited and employee’s will not be eligible for the annual bonus for fiscal year 2020. EBU do not have the choice to remain employed by Symantec to preserve those benefits. Hence, even employees who accept offers from Broadcom are being fired.

When you see the severance protections in the states or lack there of, and other considerations like the medical costs if you get sick, it can be difficult to take at face value that its the land of the free. A lot more legal protections in EMEA.

@10sddouu-1imc dude you probably were dropped on your head too many times that you can't think straight. Why would FAQ talk about people who will not get employment offer from Broadcom. If you don't get offer from Broadcom, guess what you are still an employee of Symantec, and then Symantec has to deal with you. If they RIF you, then whatever is the severance policy, that applies, there is no special severance or no severance at all, given this sale. Check FAQs or policy for standard RIF / Severance for Symantec.

Why is it so difficult for people to get this - this ain't rocket science.

Also don't forget that different jurisdictions have different laws. In Europe you simply can't be just terminated, you will get severance. Also your contract can't be just arbitrarily changed, changes have to be negotiated (in the UK we call this TUPE).
If you are in the US, well, you are living the libertarian dream :(

Even if Broadcom only acquires the "assets of Symantec Enterprise", people left behind from that Enterprise business who did not receive an offer from Broadcom, are still employed with Symantec for that time. Symantec will then make the decision that there are no jobs for these people and RIF then, which results in a severance on Symantec terms (or what's left as Norton+LifeLock).
I don't know why this is so hard for some people to understand - there is no black void anyone's getting s—ed into!

The CA acquisition was quite different. On the day of the close, all the employees become Broadcom employees, and then Broadcom performed its typical procedures.

For EBU, Broadcom has acquired the assets and will only make offers to those employees they want, which will be done before the close. Therefore, the employees not given offers will never be Broadcom employees, and so whatever Broadcom did in the past has no relevance.

It's all about what will Symantec do. Unfortunately, I have little faith in the company at the moment.

Also, try this:

https://www.google.com/search?q=CA+Broadcom+severance+site:thelayoff.com

@10sddouu-1imc, unless termed for cause before the transaction closes it would be hard to justify not paying severance if the recent reductions were paid severance and policy is to pay it. I would see a large lawsuit - easier and cheaper to pay out.

The employee FAQ is silent on your first category. It is by no means certain that this group of people will receive severance - Symantec has not so far been declarative on this subject.