Thread regarding T-Mobile layoffs

Not much empathy for tenured who get laid off

I’m probably just a complete d-mb a$$ but I dont feel much empathy for laid off employees who have tenure assuming the severance packages match what is on magenta pulse.

  • 2+ months garden leave
  • 2 weeks additional severance per year of service on top of garden leave (max of 26 weeks total)
  • Additional lump sum payment for those 20+ year lifers who already should have ample savings
  • 100% bonus payout regardless of prior year performance
  • Next stock vesting for ICs (even more vesting for Director +)

This means those with 8+ years of tenure are getting 6 months of severance pay plus their stock and 100% bonus? This is much better than most Fortune 500 companies right? I get that the job market su-ks but if you have been at all prudent with your finances and have an emergency fund on top of severance then this could end up being a paid vacation for many. This doesn’t even consider unemployment benefits.

I do have empathy for young people or people with kids who are trying to make it in this crazy high cost of living world. But, tenured Gen X and boomers… no empathy for you whatsoever. If you havnt been able to save and invest for the past 25-35 years then I’m sorry for whatever circumstances led to this. Hopefully this generous severance package is enough to bridge you until retirement or social security kicks in


by
| 3311 views | | 21 replies (last January 20) | Reply
Post ID: @OP+1kf6rf0cg

21 replies (most recent on top)

Well, unfortunately us SDRs got sc--wed on severance it's only 4 weeks + 1 year for each year of service, so I'm getting 13 with 9 years of tenure. The layoff they did to us back in 2020 was much better, sad to see really after all of the billions in profit since the merger.

by
| | Reply
Post ID: @mv+1kf6rf0cg

Definitely a bad take by the OP here, while it is a generous package, not everyone situation is the same where this is good for them. The job market is absolute trash and hellish right now and people are not getting even interviews, let alone jobs. me personally? I’m in a position where i will be okay, i got savings, and can probably go a year without work (though not like i’m going to sit around, will find freelance work or something until i get a FT job again) but i have a coworker who spouse lost her job too recently and they have a house and 2 kids and running off his salary and they’re scared. So everyone has a different situation and everyone should have empathy (well….unless they were a complete a-s and deserved it lol)

by
| | Reply
Post ID: @fm+1kf6rf0cg

@by You really have no clue, do you? Uneducated? You do realize GenX employees can be in their late 40's? We can save all the money in the world and still need to work for 10 -15 more years to get kids through college, pay that "$800 (hahahahahahaha, idi-t) house payment and retire "comfortably". And that's WITH starting 401K as earlyas we could. Also, if you weren't T-Mobile prior to merger your pay was not nearly as inflated as it is today. If you haven't been someone who has received "treatment", you're not necessarily raking in the $. Ugh, you really are a jacka-s aren't you? Hate thinking there are people like you in my circle. Also, you seem pretty angry about AI - perhaps you should learn it!

by
| | Reply
Post ID: @f2+1kf6rf0cg

Lots of uneducated boomers and Gen X on here who didn’t save over the past 30 years. Sorry you can no longer afford your $800 a month mortgage on your home you bought for $100k in 1994. Sorry you have to support your adult children who can’t get a job because of AI.

by
| | Reply
Post ID: @by+1kf6rf0cg

@aq 4/2

by
| | Reply
Post ID: @bj+1kf6rf0cg

@OP WTF ? Tenured ? Only some of the former Sprinters are covered by a pension. Look at healthcare prices before you start talking about savings and government programs. No Obamacare subsidies and whats left was wrecked by implementing "healthcare for all... tuns out for worse healthcare for all.

by
| | Reply
Post ID: @b4+1kf6rf0cg

It's an amazingly good deal for some people. For others, the risk of being unemployed a long time or needing to take an inferior job weighs heavily. It's ok to have a little empathy.

by
| | Reply
Post ID: @b0+1kf6rf0cg

@aq if you're fired they'll tell you

by
| | Reply
Post ID: @ax+1kf6rf0cg

So looks like everyone impacted are getting WARN act pay through 4/1 or 4/2. Can anyone impacted please confirm the actual date?

Then 2 weeks additional severance per year of service (max of 26 weeks total). Question....Does the 26 max weeks include the 8 week garden leave? Or does the max of 26 weeks start after the 4/1 or 4/2 date?

by
| | Reply
Post ID: @aq+1kf6rf0cg

I have empathy for anyone who is having their life turned upside-down...Even coworkers I didn't have any particular use for, but that's just me.

Losing a job is up there with divorce or the death of a family member for life trauma.

I wouldn't wish any of those things on anybody.

by
| | Reply
Post ID: @aj+1kf6rf0cg

@OP you are obviously just another entitlement bi--h who also complains about not being able to buy a house, expects maximum pay for minimal work, and blames others for your own shortcomings. You and the rest of the most recent generation are standing on the shoulders of those who came before you that created all the technology and were the real innovators. So, STFU and go troll social media where you can feel tough as a keyboard warrior.

by
| | Reply
Post ID: @ah+1kf6rf0cg

@OP Gen X and Boomers have raised their families during the time you described which costs A LOT. Shame on you and your lowdown post

by
| | Reply
Post ID: @af+1kf6rf0cg

@aa I absolutely was disciplined enough and have significant savings. But as someone whose household income was cut in half 4 months ago when my agong spouse was laid off, it's a very real concern to be faced with the same thing. To claim not to be empathetic to ANYONE in this situation is unnecessary; however while you are licking your wounds and learning AI for your next job (because that's what you do - build the skills that make you valuable), tenure over 20 years will automatically be passed over without a chance. We will remain unemployed for a lot longer than you.

by
| | Reply
Post ID: @ae+1kf6rf0cg

Gen Xers and boomers grew up in a fantasy land where a college degree all but guaranteed a job. Most bought a home when they were far more affordable as a percentage of income. Furthermore l. they could work a majority of their careers without worrying about AI taking their job. Sorry if you weren’t disciplined enough to save and keep your lifestyle in check.

by
| | Reply
Post ID: @aa+1kf6rf0cg

GenXers are still raising has kids who are preteens and teens and need to pay for things like college and, I don't know, food for a family. Know why? Because we lived our lives for the company and started a family late. Oh, and guess what. It takes a 50+ GenXer a lot longer to find a job post layoff (if ever). So...I guess I'll return the favor of not feeling "emppathy" for whatever self-centered generation OP is.

by
| | Reply
Post ID: @a9+1kf6rf0cg

It still su-ks for people impacted. Some have families and kids and don’t always have the savings and 401k you’d think.

Also, Directors get a full year salary and 100% of unvested stock.

by
| | Reply
Post ID: @a7+1kf6rf0cg

Wtf is wrong with you and why even bother posting some BS like this. You must be a total loser and fun at parties.

by
| | Reply
Post ID: @a6+1kf6rf0cg

Yes, you are a d-mb a-s.

by
| | Reply
Post ID: @a5+1kf6rf0cg

@a3 do you not think the severance packages are generous? Were you not able to build a cushion during your working years to weather a storm? Stock market is at an all time high… but I assume you missed out

by
| | Reply
Post ID: @a4+1kf6rf0cg

“ I’m probably just a complete d-mb a$$”

Should’ve stopped there.

by
| | Reply
Post ID: @a3+1kf6rf0cg

Post a reply

: