I moved this from the main September thread as it was getting burried over there. I think more people will see it here and it has some good points. I've provided the source...
Let me try to answer several questions that I have seen posted, sorry for the length...
- layoffs that are attached to some name/codewords, normally have been for large outsourcing of jobs (think IT jobs to IBM years ago, 3 yrs ago more jobs to big blue, and then recently the 1400 claims) sorry I do not have the names for each of those. Those codewords are usually the name of a project.
- in the past group notification has been for outsourcing of jobs, when not out sourced they are impromptu 1x1s from your mgr. Then when you get on you wait for a special guest from HR
- I was part of outsourcing 3 yrs ago to big blue. An invite to lots of people was sent out including names that I looked up that were HR folks. A following email/invite was an email DL which for a short time was open to anyone to see, it contained those affected. Someone got a clue and hid that. Then the emails/invites after that folks were BCC'd
- retirement age is 55 yrs or older and 10+ years of servcie
- as to the severance pkg, go to home page in browser on company computer, you can search for the word severance or look for Supplemental Unemployment Benefit Plan. You may want to look at the Excess Termination Benefit Plan. That one is not for everyone
- note if you are at you will be 62 or older during your severance period there may different rules that apply to you
- retirement package does offer you the option of buying insurance. Last I saw the price was not cheap
- COBRA is available to all laid off folks. This can last 18 months and by law companies are allowed to charge you 102% of the cost.
- as stated on another thread on this site, changes to medicare/medicaid are going to impact revenue in 2024 so changes are happening now
- I have heard that 7x7 is about span of control. Think less levels of mgmt and possibly not as many people reporting to a mgr
Source:
5 hours ago by Anonymous | 16 reactions (+16/-0)
Post ID: @5efu+1oCCYtTZ