At least 100 employees received notice on September 2nd giving them 90 days until their December 2nd termination.
My manager called me into a 9:00 a.m. meeting and said "I and requires you read to you the following statement...". The notice was legalistic and had no positive message (like perhaps You haven't done anything actionable). He had no other details for me and no specifics about severance. He said I would receive an official document within 24 hours and I received that in the evening.
Opportunity is given to apply for jobs internally, but I have much better opportunities outside and BSC just isn't a great place to work. The usual job search consulting and training is available through the so-called "talent bridge".
Severance information was listed in the document that I received and all full-time non-manager employees will receive two weeks severance plus one additional week for every complete year of service. It appears we don't get any portion of our performance bonuses like TIP because the grant date is after termination.
So a meager severance package and a dreary 90 day notice while they try to get some transition how do I say and hope that we go away at zero cost. If we leave prior to termination date we get no severance and we lose TIP bonus regardless. Leaving people at risk for being jobless and short of funds right before Christmas.
That's a cold corporate kiss-off. They definitely care more about savings than treating people fairly.
Prior to this jobs downturn for having I would have had my pickup jobs. I still am not too concerned but can't be sure. We were told in a training bridge overview session that They recommend spending 30% of our job time on training and job search. I think they'll be lucky and will say thank you if I give half. The internal corporate optics are not good when they push on people already striped of their financial stability and professional dignity.
The movie Office Space tells us everything we need to know about how to use the little power we have to not become victims of corporate greed and cruelty. Practice Quiet-Quitting and "Not Missing Work".