Does anybody know what severance packages look like these days at Hewlett Packard? I have read they have been changed for the worse, but nobody is putting down any actual details, just saying it is bad. I would be really grateful if somebody could shed some light on this.
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"If you break the signatory agreement, your blacklisted from joining (working for) all partners and vendors. "
Wow! That's a new one on me! I was laid off a few years ago, though, from HP pre-split...
Can someone please post the verbiage to that? What does one agree to? Not to "disparage" HPE, not to tell the truth about how awfully they treat their employees?!?! What their policies are?
I think there needs to be a lawsuit or ten or seventy, over that... If HPE buys pencils or electricity or paint from XYZ company, and one "disparages" HPE (tells the truth), one is "blacklisted" at XYZ company? Yet another way to "fence off" more and more native workers, so they (corporate America collectively) can then whine and cry about how they NEED more H-1Bs, since they just can NOT find qualified natives? Sounds like collusion and anti-free-market conspiracy, monopolistic practices to me! (And sort of like the Soviet Union, where there was but ONE employer).
Last I heard it was between 8 - 11 Weeks given years of service. Example 17 Years, you get 11 weeks. If you live in a state such as California which requires Vacation time to paid, your VACA and PTO will be included. DXC spin-off employees faired far worst. They only got up to Eight (8) Weeks, paid as a lump sum (not paid out over time like HPE). Therefore your package also incurred Capitol Gains taxes as well.
If you don't live in a state where they require Vacation and PTO time to be paid, kiss all those hours and PTO time good-bye, no payout. Also the package comes with a signatory requirement. If you don't sign, you don't get the last 60 days of severance. If you break the signatory agreement, your blacklisted from joining (working for) all partners and vendors. The likelihood of a favorable reference also possibly in jeopardy. Sweet stuff right.
Does anyone also have this info for Canada?
If history is a good indicator to predict the near future trends, then take a look at DXC post spin merge (HPE & CSC). The upcoming of HP and Microfocus will create another new entity in September the package is guaranteed to be less. And... the HR always reserve the right to change all severence T&C. Only speaking from USA...not in tune with other parts of the globe on regulations and governance of severence...from my personal experience, energy is better to spend on job search and not relying on "big" severence pay. If you feel strongly to wait for the ax to fall, it's your prerogative.. but don't hold it out thinking it's something sustainable. .. at DXC maximum was 6 - 8 weeks with 15 plus years of tenure ...I heard it's substantially less than what was offered to HPE pre DXC spin merge.