This has not happened to me or anyone I know, and I've been curious: If someone gets notice that they are being RIF'd but they either already have an internal transfer lined up or - more likely I suppose - get redeployed...does their tenure at the company for the purposes of PTO / Severance, etc get reset back to zero?
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Years of prior service will not be paid as part of a severance package if there were is a break in service. Company makes millions by doing this…most likely due to the stock plummeting a month ago. It’s all about profits, not people.
You keep your tenure for benefits, PTO, etc. But as far as severance goes, should you be laid off, that starts at your most recent hire date. I had 11 and a half years in, left for a little over 4 years and returned. Then was laid off about a year and a half later. Was a bigger gut punch because I was expecting a much larger severance due to overall time. But was only given the amount of severance for someone who only had about 18 months at the company.
I was redeployed 2 years ago. I did not have a gap, did not lose tenure or accrued pto
apologies - I thought that thread was just for layoff specific news related to 8/10. I misread. Will stop posting here.
So I'd assume from your comments that while the PTO balance may drop off, the accrual rate would stay the same as long as there is a redeployment/transfer within a certain time period? Thanks for the insight
Use the 8/10 Layoff thread! You are distracting everybody’s visibility for today’s layoffs!
Tenure generally stays, or it has in the past, even if you have a multi-month gap between RIF and starting a new role. Your PTO balance will likely not roll over however unless you have zero gap in service, you may get to keep it in that case.
Your tenure will stay. So, if you had 7 years in, that doesn’t change. But if you had 2 weeks of unused PTO, that’s a good question. My guess is that’s gone. But you May be able to negotiate that with the new department/HR.