When are these layoffs coming? Next week? Budgets were cut and we were told we wouldn’t make it past summer...Thinking by Oct 1. Anyone have any insight?
11 replies (most recent on top)
Doubt you could postpone taking severance Until 2021 unless you are laid off in December. Typically, you need to sign the paperwork within 30 days - (waiving away your rights for legal action) not that you would win anyway...
Sorry to hear @7GF. They keep it so quiet.
From another company board - even if you could postpone (potential) severance to the next year, it might make sense to take it this year. Reason being that next year's reduced income might allow you to qualify for cheaper healthcare insurance on the Health Care Exchanges. Also, for high income people who have or will pass the Social Security limits this year, it would make sense to take it this year. (But does anyone know if it is even possible to postpone severance, should I get terminated?)
On the other hand, Open Enrollment is coming. People might just choose plans that they could afford to pay via COBRA if they were to lose their job. For me, that means that High Deductible plan.
I was in property and casualty and I was laid off. Last official day is October 15th. All they said was that they are restructuring due to Covid 19.
Also would like to know if the employee severance could be taken in 2021 rather than this year?
That would help with taxes. Anyone know if you can delay paperwork or something to get the severance payment in the next year?
Any idea if that will be the announcements for who is impacted or the employees last days for end of Oct?
They're coming at the end of the month.
Nothing was said on call, it was basically an intro with joe p and Christian white.
Any word on the re-org call? What is next?
I’m sorry to hear about these two also being let go. I know there was a smallish lay off in claims last week, and with the news of selling. It’s all unsettling. Mixed messages of “it will be years before anything happens” to “there will be big layoffs coming.”
By Oct 1 makes sense, it’s a pay week and that’s when it usually happens, but do large layoffs look good for them if they are trying to sell a piece of business?
They of course won’t say anything. We barely hear the news as it is, unless you know someone in the department that’s being hit, it’s all kept quiet.
Company is shady like that.
Any word on what’s going to happen to Ashish’s org/team?
Jim Kinney & Ashish Gupta were let go today. Big re-org. Meeting via webex called for 8:30am tomorrow for all staff to explain the changes.