Since it is obvious that the company wants to quickly reduce the number of employees, why not offer a voluntary severance package? I believe that the numbers of people who would accept it would be significant.
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Pay me to separate! Really! Why don't you just leave? Maybe you can get the U.S. Tax payers to fund you while you look for that next job that meets your stay home job so you can go shopping and do yard work?
It’s more economical to move your job and have you quit. It’s all dollars with them.
Wake up folks. T is in bad financial shape. They will not be giving out $.
I expect I won't receive a penny of severance unless I totally sign away my right to sue over my job loss.
This is correct. You will be required to waive your rights to sue to qualify for severance.
And get it notarized.
Nah, just a click "I accept" on a website is all they need. I just went through this. Got the money (whatever is left after 30% in taxes taken out) about 4 weeks later.
Based on current balance sheet, there are no packages anytime soon.
Adding 5 billion to the debt then claiming 4.3b fcf should be a clue. There are still levers they can pull but none of them are good for employees or shareholders. Maybe needed though. Too much debt too much payroll and too much dividend cost. Paying relocation and severance is still the right thing to do. Always lead with integrity. They aren’t.
I expect to get fired soon, with 6 month severance. Did I pick that? No. But at&t says I did. I expect I won't receive a penny of severance unless I totally sign away my right to sue over my job loss. And get it notarized. Silence is bought, then it's end of game for me at ma bell. Many years here.
Last voluntary severance package in the SE was $50,000 plus SIPP in 2020.
Now, what would give anyone the notion that Stink would want to do anything that is decent, will help employees, but will cost the company some cash?
Offering voluntary severance would require a huge outlay for T. What's their motivation when they can accomplish the same thing with their "voluntary" mandatory relocation scheme, where anyone declining the invitation to overturn their lives on the chance T will retain them six months later has "voluntarily" resigned, saving T both the extras of a severance package as well as letting T off the hook for any unemployment insurance they would be obligated to pay due to layoffs?
I was offered a Voluntary Management Offer in 2016 (with severance). It took me about 5 minutes to decide. It fit correctly with my retirement goals.
Why give you packages when they can frustrate you enough to quit? Move your jobs over 100 miles from your homesteas. Only thing is, they wish they'd done this sooner instead of laying you off and pay you severance. Last I heard of any employee packages was in 2015.
Check the financials. T can’t afford any packages.
They believe there will be many whom just quit due to RTO
That would make it too employee friendly. They pay some severances, just to keep the pressure up with by-weekly layoffs, but ideally, they want to frustrate people enough to just quit on their own. When we all look and think what theyre doing makes no sense, make no mistake, it does to them.