We will get our bonus?
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Why don't you move on and get a different job if you don't like. Why would you even stay with a sinking company anyways. Pretty sad actually.
This is such an evil way to see who is willing to stay and who isn’t. If you don’t take it, they will let you go because you weren’t committed enough to stay through the sell off. But if you do take it, the money is still theirs to take back? They essentially loaned you money? And if you don’t give the money back, what are they going to do? Sue you for it? Send out the corporate mafia? I hope someone is consulting lawyers over this. Smells pretty rotten to me.
It was announced today that if you accept the "cash incentive" you must be employed through August 31, 2025 otherwise you must pay back the incentive in FULL, even if involuntarily terminated (laid off). They will deduct the cash incentive from your final paycheck and accrued PTO. What a scam
To those asking about what if we get laid off, from what I've heard it will be case-by-case. I guess they're trying to figure out these terms before they send everyone the offer and ability to accept it, but I somehow doubt there will be anything solid about that.
The best we can hope for is it to be pro-rated and you only have to pay back a portion based on how far you made it into the year. However, it would not surprise me if they required a 100% return regardless of when the lay offs happen and waited until the last second possible in August to lay everyone off just to demand all that money back. This company has become just that sc-mmy and untrustworthy.
For anyone who is planning on attempting to stay with the company—take the money and immediately put it in a savings account that accrues interest and don't touch it until after August 31st. That way in case you have to pay it back for whatever reason, you still have it all and it won't hurt your financial situation, plus you at least have the little bit of interest money for yourself, even if it's not much. If you do make it to August 31st, congrats, you have money to hopefully get you through a future layoff or the very possible lack of raises and bonuses next year, too.
Was wondering that, had to submit an HR ticket to ask, my direct report asked this question and I didn't know how to answer.
If you get laid off, do you have to pay it back? I also wonder if you have to pay it back pre-or post taxes
For employees who retired (couldn’t take it anymore) late in the FY, they used to receive a pro-rated bonus amount. It appears those days are gone under the current leadership.
Especially since there was no bonus last year for Support Office employees.
Someone call Andy Jassy, Amazon CEO.
It’s akin to the so-called severance given to sevl ppl which was nothing more than hush money. Period.
I received a merit increase of 3%. Seeing as I didn't receive a merit increase the last two years, that's a 1% increase each year for the last 3 years. All while inflation was double digits year over year. The salary I receive today has less buying power than the salary I had 5 years ago, despite my salary today being ever so slightly higher.
The 'Cash Incentive' is great, but it's contingent on remaining employed through August. What a scam.
When Tim Wentworth received $12,000,000 in unvested Walgreens stock within his first two weeks here, was that contingent on the company performing well under his guidance? NO. Absolutely pathetic.
I'm glad they gave us something, but it honestly just feels like a slap in the face. Too little, too late.
Pretty awesome! 😎
No thanks. They have dangled the carrot too many times and pulled it. Fool me once same on you, fool me twice shame on me. And leaving the amount unspecified yeah you work and end up with 2%. Smh.
The reason they're doing it this way to A) not have to pay anyone who was laid off in FY24 and B) to keep attrition low during this FY because, and this is my own assumption, they're trying to look attractive to potential buyers. Whether that's for the full company or just pieces of it, I think FY25 sees Walgreens sold off.
It seems like there will be more layoffs since they mentioned that you have to stay employed until August 31 2025 day. Cheap PR ploy. It will be interesting to see if it's enough to make someone take the chance at staying that long.
It is just a dirty trick to get you to stay till August 2025. Instead of paying out the bonus NOW that employees deserve. You will have to put up with the misery till August 2025.
For corporate employees there is no Bonus. Instead, they will be giving an unspecified "Cash Incentive" which will be paid out in December but is contingent upon you being employed through August 31, 2025. Otherwise you need to pay it back.
No... I think it's like a cash incentive, but you have to stay at the company through August 2025.