Thread regarding Paramount Global layoffs

I really hope the severance matched what was offered to us in Sept

Is there any chance they'll give us less than 2 weeks per year of service?


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| 2001 views | | 6 replies (last October 28) | Reply
Post ID: @OP+1k8ktemfh

6 replies (most recent on top)

I think their math negates the first year entirely. I had 7.5 years, and my severance basically came out to 13 weeks (6.5 years).

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Post ID: @d9+1k8ktemfh

It’s not. And no bonus.

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Post ID: @ah+1k8ktemfh

@a2 yes, it should. That was contracted as part of the stock deal. Note that it’s your award as of Dec 2024, won’t count what you got this year. And double trigger does not apply for those who took the RTO buyout.

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Post ID: @ag+1k8ktemfh

Well, if you believe the document Murray and if you are below the SVP/VP level, you'll get two weeks. Since they just lied about the timing of the cuts, who knows.

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Post ID: @a6+1k8ktemfh

Does the double trigger provision to vest all unvested stocks still apply in this layoff?

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Post ID: @a2+1k8ktemfh

Yes there’s a chance. Probably no bonus in this round.

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Post ID: @a1+1k8ktemfh

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