#severance

Its been over a week, and I am no where near making a decision. Over 15 years at this company...kids, mortgage...this is horrifying... If we sign - and then get cut - at least we get something - but if dont sign - and they decide to cut us - we got nothing? is that right?

I am hearing that the severance does not pay out unused PTO. If true and if others can confirm, then use PTO as you accrue them.

If you were laid off, at least you get to walk away with severance. The rest of us are stuck with more work, higher expectations, and no extra money. I'm still praying to be notified.

It is my understanding that all severance pay will be taxed similarly to annual bonuses (around 22% federal + state/ss/medicare, totaling somewhere around 35-45% in NY). Are there circumstances where employees can opt to reduce the amount of taxes taken up front? Can anyone speak to this? Any HR reps in here?

I understand it’s state-by-state and based on tenure, but what has the latest severance packages looked like for those laid off from our wonderful company? Any information is appreciated.

I wonder how long this will last. I’m guessing two years to avoid severance pay. Having accounting folks in Houston seems like they had no choice because they were totally against it originally. Thoughts????? Hopefully the new mgmt is better but that doesn’t say much

I get it. This is hard. Nobody wants to see their team shrink, nobody wants uncertainty, and nobody signs up for a job hoping to navigate a VSP or a RIF (This is not a layoff folks).

But I've been watching this forum and I want to offer a different perspective, one I don't see getting much airtime.

Companies don't offer voluntary separation packages because they hate their employees. They do it because the alternative is involuntary. A VSP with real severance, extended benefits, and time to plan your next move is genuinely a sign of a company trying to do right by people, even when the business decision behind it is painful. They could have just surprised 20% of us with RIF notices on August 1st. You can disagree with the strategy and still recognize the humanity in how it's being executed.

The personal attacks on leaders here are something else entirely. These are human beings making decisions in a brutally difficult macro environment. One that no one fully controls. Venting is understandable. But some of what I'm seeing crosses a line that doesn't reflect well on us, not on them.

Some of what I have seen has honestly made me realize there are areas where this company can RIF, with some of the narrow sighted and uninformed nonsense I have seen these past couple of weeks.

We're professionals. We can be honest about how hard this is without burning the place down on the way out.

Heard about the layoffs today. I am sorry this is happening to you. Can you kindly share how much severance is FIS giving?

With the rumor circulating that there is more money than previous put aside for severance packages. Does anyone know if they’re gonna offer voluntary separation agreements for the US?

What happens if you find another job during the WARN notice period, but before the severance payoff date? What is written into the US agreement?

Are you taking the severance or are you applying for a new role?

Where can I find that info?

I've been thinking about this a lot. Working at BNY was like being in a bad relationship. Constantly stressed and unhappy but I stayed because it was familiar and the money was okay. Then one day I was let go and it was terrifying at first. But then the severance arrived and I had time to rest, to think, and to remember who I was before that place wore me down. And eventually I found something new where I'm actually treated well. In the end, leaving turned out to be the best possible thing for me.

The only silver lining is that severance seems to be staying as is. That's always been my biggest concern when layoffs happen.

Word is those that get a package have to sign an NDA, any insights on this.

just read a comment where someone shared 3/4 of their team got RIF’d, they could not discuss it and had to continue working until their last day.

TF?? meaning they couldn’t flat out tell anyone they were being RIF’d? or just couldn’t go into the details of severance, etc.? can anyone who’s been RIF’d provide insight?

‘cause not being able to tell your colleagues you’re getting cut is wild AF.

I know one thing, Leadership better let us know who’s getting cut asap. I don’t need to know who got the VSP approved or who got RIF’d. I honestly do not care.

I need to know who’s staying and if I’m staying, how much work am I going to have to determine if I’m going to bounce…

Oracle workforce shrinks by about 21,000 employees amid AI adoption

https://www.yahoo.com/finance/technology/ai/articles/oracle-workforce-shrinks-13-204431510.html

Oracle's total workforce declined 13%, or about 21,000 employees in fiscal ‌2026, as the cloud computing giant continued ‌restructuring its business, partly driven by the adoption of AI ​across its operations.

The company had a total workforce of 141,000 as of May 31, 2026, compared with about 162,000 as of the same period last ‌year, according to ⁠its annual report released on Monday.

Oracle spent $1.84 billion in severance payments and other ⁠exit costs related to the restructuring activities in fiscal 2026, significantly higher than the $374 million spent in ​the previous ​fiscal year, the ​filing showed.

It also said ‌in its filing that the workforce adjustments were in response to various factors, including management and product changes, performance issues, strategic shifts and acquisitions.

The decline in the workforce follows multiple reports earlier ‌this year about Oracle cutting ​thousands of jobs. The company ​did not immediately ​respond to a Reuters request for ‌comment.

Worries are quickly mounting over ​job losses ​due to AI disruption, as 196 tech companies laid off more than 119,800 employees so ​far this year, ‌according to Layoffs.fyi, a website tracking sector-wide ​job cuts.

https://www.prnewswire.com/news-releases/centene-appoints-lauren-m-tyler-to-board-of-directors-302806827.html

Improving the health of the balance sheet, one margin point and one severance agreement at a time.

Has anyone received their actual money from the severance for all of us who were laid off as of 6/5? Because don’t bother calling HR. They flatly refuse to speak with you. At all.

Can someone please share the terms of the latest LR packages? Looking to understand how many months pay / year of service, how long health care runs for, what happens to RSU's etc.

I would. No hesitation.

The new strategy seems clear - scare us into quitting so they don't have to pay severance. Managers are allowed to treat people terribly and threaten us with firings but I've never seen anyone actually fired. Let them try. I'm not doing them any favors. If they want me out, they can pay me what I'm owed.

Is there somewhere I can check?

I'm so over feeling overwhelming dread every Sunday. Give me severance and I'll happily leave. Even being unemployed would be better for my mental health than this constant torture.

PIL sweetening the pot in the way out the door

Thinking about retaining an employment attorney to look over my layoff paperwork and see if there is any room to negotiate a better severance package.

If you've used a lawyer for this, how did it go? Did the company offer more, or did you end up paying legal fees out of pocket for no change? Any advice or experiences would be highly appreciated.

This is excruciating not knowing really what to do. I feel like it's all a game. Spin the wheel or pass and hope you pick the right curtain. We live paycheck to paycheck as it is. Gosh if I was a zillionair I would give up most of my salary first to save jobs for others who literally need the money. I don't understand why one would think they need that much money. You could not take that many vacations or buy enough cars anyway so why just why are ppl so freaking greedy. You can't take it with you when your gone. Just so torn and literally having too many heart palpitations over this game show. This is unbelievable!

Does anyone know if the T&Cs on the sign off for the severance package prohibit the following:
Working for the competition .
Engaging with AT&T customers as a consultant as part of a private LLC
Any conditions on whistle blowing

If you're new to the company and get laid off, do you still receive a severance package? Or do you have to be here for a certain amount of time?

or has severance really change drastically for the worse over the years?

Anyone been able to confirm with the state of New York if they would approve of the UI Claim after being laid off due via the VSP? Sounds like each state is different. Based on my initial readings, sounding like this'd be an eligible scenario for UI benefits in NY.

I know several people who were riffed in June, and there are still rumors of larger global RIFs coming in July and August.

For those who make it through these rounds, whats the outlook for the rest of 2026? Do these cycles eventually come to an end, or is this just the new normal?

At this point, I’d rather be included in a RIF now while severance packages are still relatively generous.

So tired of this, let me work or let me go

For those who have just gone through the consultation, and where informed they were at risk in May, can you let us know of the UK package please

Does anyone know, if you take all your vacation for the year and then get laid off, do you have to pay back the part you haven't accrued yet?

The documentation says that I will notify Citi if I find a new job during notice period, and that they will pay the balance in a lump sum. Does that basically mean you get the balance of what is left of the 90 Days' notice period, but you lose benefits as well as PTO accrual from the termination date that you give them?

Thanks

Only thing I see is 4 weeks of additional salary for VSP.
I also see prorated bonus on the VSP offer. Not sure if this is just for VSP or prorated bonus is offered on standards layoffs too. Let me know if you have any insights.

We all know an involuntary round is coming, and it'll most likely have a lesser package attached to it. So those of us who want to stay can say no to a VSP just to end up laid off a few months later and with less to show for it. Kind of makes it really hard to say no, doesn't it?

Paychex has decided to layoff approximating 10 designers and over 70 developers. They are refusing to give any reasoning or criteria for why they targeted individuals, citing AI wasn't the reason and that it was for "business needs" and "sustainability". From what I've heard they gave former employees only 9 weeks of severance.