How sad is it to have a single week during the entire year where we can consider ourselves safe? As far as I know, Christmas week is the only time when there were never layoffs at Xerox. This includes the small surgical cuts of one or two persons that are happening constantly throughout the week. How low we've fallen.
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I was one of the people let go in the 2018 December IRIF wave. I was on a salary plus bonus plan (not sales) and I was 12 days from getting my $23k bonus, which was roughly 20% of my income.
They knew this, and that's why they had to do it before 12/31. Many in that December 2018 2nd layoff wave were higher compensation employees (B band at the time). All they had to do was let me go 2 weeks later....any time after 12/31.....and I could have received that remaining 20% of my income to help get me by until I found another job. After all, I had worked 99% of the days in the year, so I should have been entitled to that remaining 20% income. But since it was technically a "salary + bonus" plan they knew they could legally get out of it by letting me - and many others - go before the last day of the year.
It's the same thing they did to the 401k plan for everyone the last year they offered it. You had to be employed on 12/31 in order to get the matching funds. So, let people go before then and you don't have to pay it.
So, no.....there is NOT a "safe" time at that company. The only time you're sage is after you've left them for another job.
Not sure where you work but …
There is no “safe”period in Xerox
The second round of large IRIF's in 2018 were done in late December. Many of them were just a few weeks away from getting their year end bonus, but since they were let go before 12/31 they weren't eligible to get it. Lots of people lost bonuses that were 2 or 3x the size of the severance.
No one is safe, at any time, at this train wreck of a company.
Ohio had cuts the week of Christmas a few years ago.
The concept of “safe” baffles me.