Thread regarding Alliance Data Systems Corp. layoffs

Severance Package

Does anyone know the severance package that was given to the impacted associates? I’ve heard two weeks per years of service... is this accurate? Also, on top of tenure, do they include and PTO for exempt employees? Thanks in advance!

by
| 1651 views | | 4 replies (last February 3, 2020) | Reply
Post ID: @OP+13f0HTq4

4 replies (most recent on top)

I wonder if non-exempt employees received the same severance package as exempt employees did (if length if tenure was the same)? It would be a pleasant surprise if they did.

by
| | Reply
Post ID: @5qao+13f0HTq4

I was with ADS just under two years and received 8 weeks pay plus two weeks PTO. Another person on the team with less tenure than I had received the same. I’m assuming this was the minimum given to exempt employees. I think longer tenured were getting 2 weeks per year but I’m not certain.

by
| | Reply
Post ID: @3vcn+13f0HTq4

One worker in our area received 1.5 weeks per year. Not a leader.

by
| | Reply
Post ID: @vby+13f0HTq4

I heard we are getting nothing. That was for leadership, so if you're leadership , you might get something

by
| | Reply
Post ID: @col+13f0HTq4

Post a reply

: