Thread regarding State Farm Insurance layoffs

Will ET Employees Still Receive End-of-year Bonus?

The timing of February / March seems suspicious and I’m worried that the HCL sign-on bonus is meant to replace our end of year bonus, does anyone know for certain what’s happening?

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| 2721 views | | 11 replies (last January 18, 2023) | Reply
Post ID: @OP+1kFNJStT

11 replies (most recent on top)

Having never lived in BLM during my career....I have never had access to SF Park. Sounds like it was a nice perk for the locals.

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Post ID: @5anq+1kFNJStT

You guys are worried about access to SF park?! Lmao

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Post ID: @5hvi+1kFNJStT

@3mkr I asked this question before receiving my offer letter which came 2 days late. Chill out, turn your computer off and touch some grass.

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Post ID: @3urz+1kFNJStT

Do you even READ the material on year end bonus and how it works. What a d-mb question....

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Post ID: @3mkr+1kFNJStT

@1eqs - It's been stated State Farm Park access will be revoked. I've been going there for decades. :(

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Post ID: @2bbc+1kFNJStT

If I understood right the FAQ said if accepting the HCL offer the bonus is paid at the 100% level on the last paycheck of February, and when the full bonus is approved by the board in March, if above 100% the remaining amount will still be paid to any ex internal employees at that time.

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Post ID: @1bmv+1kFNJStT

They are getting their EIP (their end date is 3/31) and if they sign on with HCL, I've heard they get next years prorated as well.

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Post ID: @1oxi+1kFNJStT

EIP won't be paid until late March, but the severance and transfers to HCL have deadline of March 1st. Are they making an Exception to give them the bonuses 3 weeks after they are no longer with the company.

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Post ID: @1qed+1kFNJStT

I hope HCL employees get to use SF Park.

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Post ID: @1eqs+1kFNJStT

Has to be approved by the Board.

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Post ID: @1zky+1kFNJStT

Impacted employees still get their EIP award

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Post ID: @rdj+1kFNJStT

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