Has anyone anyone else heard rumblings that the severance package for the next round of RIFs is going to be reduced?
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4x4x4. It’s going up to entice more people. The first round was for the su-kers.
Here we f'g go again... this is the longest running rumor in the company's history.
It would not surprise me, but it's not a fact until an updated severance spd is posted on netbenefits.
It would make sense and people would still sign the agreement. Costs have to be cut everywhere in order to "delight customers" by offering lower rates. The other offer is $0. Many companies do not offer any form of severance.
@bh as a union employee with seniority, Nobody can make me go. It’s my choice. I don’t have to take sh-t. If I don’t think the offer is good enough, I will stay a couple more years. Blunt, but true.
The reason they offer a package is to get you to sign an agreement. If they reduce or eliminate the current package employment attorneys will solicit their services big time.
If they want you gone to reduce numbers, then you are gone and you take what is given. You are not a consideration, you are just a number that they need to correct on the balance sheet. So expecting good payouts or conditions is no longer a hope. When it happens, you will get the statutory notice and nothing more, then it will be for you to navigate the mess that is out there to find employment. Unfortunately lots of other companies are doing the same thing, so prepare for a long time out of work or expect to take cuts of 50-60% in salaries. It is rough, you only have yourself and your families to depend upon.
No package will be offered. Likely RIF with just one week of pay for every year.
If they want people to take the package they will not lower it, they should sweeten it
@OP ,keep making sh-t up.
No