I wonder what we can expect this time. From what I remember from about six months ago, people arrived to work to find their badges were not working. And some didn't even receive any severance. So excuse me if I'm a bit worried about what's in store for us sometime soon...
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To that administrator who wrote the comment below.
That woodland hills facility is remote for a lot of the week.
So why would they pay to keep it open.
It would save them a ton to eliminate the parking fee for each month from
the few people that occasionally come in.
CVS Health has selectively "fired" certain high paid employees to avoid paying out the generous Aetna severance package.
Marketing had layoffs today too.
https://www.courant.com/business/hc-biz-cvs-aetna-cost-cutting-layoffs-hartford-20201007-6i4yb3tlezhohos43d5q6itdvq-story.html?outputType=amp
Aetna policy for job eliminations is 9 weeks pay. If you make more then 80k severance there after. This severance pay is continued based on years in service. You MUST sign a release. You do not receive severance if your tenure was less then 4 years, but yoy will get the 9 weeks pay.
Simple chart under 80k salary 4 years of service. Severance is 1 week per year.
Over 80k-159k 0-3 years of service 3 weeks. 4+ years add a week per year. So 4 years is 4 weeks or salary.
Over 160k 0-3 years 17 weeks. 4 years equals 19 weeks of pay, add 2 for each additional year.
This is posted on myHR source.
Network took a hit. Finance is going to take a hit.