Senior leadership has been terminating employees just before they’re fully vested or eligible for their end-of-year bonuses, disregarding the hard work and productivity employees have shown over the past year. This tactic, coupled with leadership's indifference to the number of terminations, has significantly damaged morale across the company. People are left feeling unappreciated, with many pretending to be unaffected while a sense of insecurity and distrust grows. Group leaders are disgusting minions.
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They only prorate your bonus IF it is included as part of your severance agreement.
The prorate your bonus in laid off from now until EOY.
Sick a-s ba----ds know vesting of 401k deadlines and cheat emps out of it too.
You sign away your ability for a lawsuit, which usually doesn’t go well anyway, unless you have a smoking g-n. They can’t silence you once you have received your severance and bonus.
If you are laid off in Q4, are you still eligible for your bonus for the year? Or at least part of it? How does that work?
Hold harmless so employees laid off can not sue the bank for wrongful termination I’m assuming.
To the poster who says the hold harmless agreement is not enforceable. Are you sure? Are you confusing it with non-compete agreements?
If you refuse to sign their keep your mouth shut corporate greed letter, can you still participate in any class action lawsuit?
I’m sorry, I’ve heard people are being forced to sign those documents silencing you, but honestly, not enforceable. I told my manager, who was given notice, that I hope he takes me with him.