Thread regarding Phillips 66 layoffs

Laid off last Spring: 2025 Bonus?

I was laid off last spring. I didn’t think to find out if we would get a prorated bonus in 2025 for the 5 months of employment in 2024. At my previous employer (a major), we did.

Thanks to everyone still working there.

by
| 1881 views | | 11 replies (last December 29, 2024) | Reply
Post ID: @OP+1w20mIL5

11 replies (most recent on top)

There are very few believers left. Everybody just wants BT to be over without having been called into a room with HR to be laid off.

by
| | Reply
Post ID: @bwxn+1w20mIL5

If they don’t compensate the few believers left there will be a mass exodus, of talent and intel. This is the last merry-go-round for many. The only hope is the “mass exodus” have a foot in with the new administration and can share the details of the hypocrisy that is P66. “US based” needs to be defined not only by the registered/operating location, but by the address of its employees. No corporate tax breaks for US companies that outsource their workforce to the detriment of US families and hire the best person for the job, be they white, black, blue or purple. It’s enough.

by
| | Reply
Post ID: @bxdz+1w20mIL5

Wouldn’t surprise me on the discretionary. I mean costs cutting doesn’t leave that budget out of the question. How far do you squeeze the turnip?

by
| | Reply
Post ID: @auij+1w20mIL5

Yeah, I wouldn't be surprised if the VCIP isn't amazing, since that would benefit employees at the expense of the shareholders (the horror!), but anyone saying they know what it is going to be is full of it.

by
| | Reply
Post ID: @abxy+1w20mIL5

A rando having access to the compensation and benefit business plan that is very tightly held by just picking the right network location? Sounds legit.

by
| | Reply
Post ID: @arpy+1w20mIL5

It was already budgeted into the business plan. Gotta know the right network locations 😉

by
| | Reply
Post ID: @ahro+1w20mIL5

KM already setting the stage for low VCIP.

by
| | Reply
Post ID: @9syg+1w20mIL5

Shouldn’t be hearing anything on VCIP yet. 4Q isn’t over and so results aren’t in. Can’t predict what it’ll be, but anyone saying it’s X or Y right now is full of it

by
| | Reply
Post ID: @9dzu+1w20mIL5

VCIP payout guesses? 0.125?
I hear it’s worst on record.

by
| | Reply
Post ID: @9yke+1w20mIL5

Thanks! I’m quite happy with how it all played out & that makes me happier! Hope it’s a good multiplier.

by
| | Reply
Post ID: @1srl+1w20mIL5

The 2024 FAQ says if you terminate due to retirement, layoff, disability or death you're eligible for VCIP, so I'm guessing you'll get it.

Hope things are going good on the outside!

by
| | Reply
Post ID: @1cos+1w20mIL5

Post a reply

: