I've heard there might be some severance reductions in the future rounds due to the pandemic and I'm having trouble believing even this place would be willing to screw over its employees so badly by doing something like that in the worst possible time. Can anybody tell me if this is true or not?
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Where did you "hear" this? Be specific.
They are capable and willing to do this. Just a couple years ago, they did have a good severance package for employees, a d they overhauled the entire severance program in perhaps 2017. It was when they were just starting to layoff their operations department. The guidelines became very stringent. The new guidelines said you wouldn't even qualify if they offered you a job within 50 miles of your current job, and one which paid something like 75% of what your current job paid. Also, the payout was going to be much less than what it previously was. Yes, US Bank would do it to its employees. I saw so much in my years at that bank. The motto that we always do the right thing was a joke. Our managers hardly EVER did the right thing. They were totally unethical. They finally got their due. I left before it happened. Their opinions of their self-worth was so unrealistic. They said it would never happen to them. I frankly wish I had been around to see it all end.
Don't fool yourself they are completely capable of screwing over their employees in this way. Remember it's AC's company............he only cares about the "shareholders" not the employees.