I was one of the lucky few to be impacted. Couldn’t have asked for a better separation package.
Ask me any question!
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Any SVP or VPs out? Number and department
I was just laid off, AMS employee in the IT PMO. I lose access to the Teradata network today at 5pm PT.
Severance is based on job grade rather than tenure. I’m receiving 12 weeks pay with 1 year, 7 months tenure.
Health benefits are covered in full for 30 days after termination, followed by up to 12 weeks of subsidized COBRA coverage.
AIP (bonus) will be pro-rated and distributed March 1, 2025.
Unvested 401K match is forfeited. No PTO payout given the unlimited PTO policy.
They’re providing 3rd-party outplacement services for up to 2 months.
Hope this is helpful. Good luck everyone.
March 2025 bonus will be pro rated as well.
Looks like the package you got matched what was previously posted internally (effective as of August 2024) with the severance based on job-grade (manager, senior manager, director) vs. years of service. Any partial bonus (non-RSU) payout?
OP here….
I was informed this morning on a call with my manager and HR.
Severance was in terms of weeks. I’m a senior manager so I received 14 weeks. RSUs will be pro rated for current year. Future vesting will be lost.
“Congrats, Happy for you, Nice.”
When were you informed?
what about any RDUs not yet vested?
What was the severance pay in terms of number of weeks?