So they pull our decades promise of subsidized healthcare with only a years notice and they're free from giving those of us who are leaving, a severance? This is just dirty.
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You seem to imply that just because someone want/gets severance they are hard up. Let me tell you that is untrue. Most employees contemplating retiring will do their due diligence in planning. It makes sense to capture all income attributes in the planning phase. This includes severance, unemployment, unused PTO, 401K, and pension. You would be making a big mistake assuming employees depend solely on severance in making their plans for retirement. T employees are smarter than you are giving them credit for!
@3hae+1bRYaFMc nailed it
Whether you think you deserve it or not….What will you do when the severance payout is depleted? Seriously….it’s just a bandaid on a larger issue. If you need to work post ATT, is it worth holding on to see if you get a few months salary? Just a question. Maybe working on finding your next job is a better strategy …Ya think?
And what are the responses by leaders like Legg and McFresh? "I don't want to talk about this anymore."
As bad as those eligible for retirement healthcare benefits and are being forced out this year because of it, it's just as bad for thousands of other workers who are a year or two away from it and have been scre*ed already. It they leave this year they get nothing and they won't get anything later.
To those who claim people are whiny, there are many people who took this job years ago because of total compensation. Its no different than those who go take civil servant jobs--the decision is made based on total compensation which includes benefits now and in the future. Or for those who take jobs at startups often with less salary but base decisions on other factors like stock options they might be given.
To change the whole equation after the fact is just plain wrong.
"The health subsidy isn’t all that grand."
Really? Take $800 a month for family coverage and multiple that by say 5-7 years.
I would rather the employees get severance than continue to waste money on more failed acquisitions. C-suite has the record for the most money lost ever, what a joke. No accountability.
Free pedicures…add that for me. I deserve that!
I deserve a new car…gimme one those too. With all the money we make for the company, they should pay my rent as well. They owe me! LOL
We deserve free healthcare and free housing too. Gimme, gimme.
You’re still voluntarily leaving so of course there won’t be a severance. The health subsidy isn’t all that grand.
Are you seriously hanging around waiting for a maximum of 6 months severance….instead of hitting the bricks and shaking every bush and tree to find employment? This is especially for those who have 10+ years of solid employment left. You’re wasting time, folks…..you need to strike that iron while it’s hot. Honestly, crying and whining about ‘deserving’ severance sounds pathetic.
There is literally a management as well as non management severance plan. Which states that if you meet the criteria, yes, they owe you severance according to the plan.
Merely an administrative policy created by T. Subject to revision or change at any time, in which case you have zero - as in diddly squat - in the way of legal recourse.
For example, T is free to change the management severance policy on the day before you are laid off.
What a bunch of whiners. I got sick of the place and left a month ago. 61, didn’t qualify for M75, didn’t care. Now retired, COBRA is very reasonable. Just do it.
“There is nothing in ATT’s employment guide that states they owe it to you”
There is literally a management as well as non management severance plan. Which states that if you meet the criteria, yes, they owe you severance according to the plan.
Of course, you aren’t entitled to severance if you leave on your own accord.
"we deserve severance"
LOLOLOL
The ‘pay your own health care poster is nothing more than a corporate / C suite troll speaking on behalf of the WEF saying we should have nothing and like it
There is a real clown on this board who jumps around these threads with the same message pay your own healthcare. This person is a ta-d of the worst kind hope he loses it all
Easy enough to say But after looking at how big Pharma and the insurance companies completely fubard the sick care industry making everything so ludicrously expensive it’s not so easy paying for your own sick care coverage unless you’re Obozocare eligible
Another way to look at the ‘subsidized healthcare’ ATT has offered historically is that it’s just a welfare program for people looking for a handout. Why not just pay for your own healthcare and stop looking for the company to do something you should do. Sound familiar?
After all, the rest of us worked hard, saved our money and are prepared to pay for our healthcare ourselves rather than looking for free stuff.
Kind funny huh!?!!!
There are a considerable amount of employees who are surplussed but not in the category where ageism is a concern.
The company covers this issue (ageism is a real problem and concern in this country) by providing docs with listings of job titles and ages. It’s a very ‘transparent’ way to disclose who was surplussed. And it prevents nasty litigation from former employees who believe they were targeted because of age. Those docs are available in your exit package, but most people don’t bother to read them.
BTW: No they don’t owe you severance. Period.
[quote]Most people are acting like it’s bonus money or deferred compensation you’ve earned. It.Is.Not. [/quote]
Correct! it's hush money so that you'll sign the paper that says you won't sue for age discrimination!
Next step (to keep it from being glaringly obvious), threaten to pull benefits from older employees unless they quit on their own.
What? Severance is not an automatic benefit for any company. There is nothing in ATT’s employment guide that states they owe it to you. It’s meant to offer employees a monetary bridge between employments. Most people are acting like it’s bonus money or deferred compensation you’ve earned. It.Is.Not.
Paying personnel to leave is not unique to T. Other fortune 100 companies do it as well. My a Cousin just left BP with a 6 month severance package and is 61yo. Vanguard does it to people as well and a lot of their younger personnel. A 50yo friend was given an incentive to leave after only 20 years with them. Well run companies want fresh minds and not lifers working for them, but they give respectable severance packages!
Will whine for free stuff.
They don't owe you anything but a paycheck, most people don't get anything like we did at South Central Bell, Bellsouth, AT&T??? well that's a different story. but I never expected anything from them. I am fortunate I have what I have but I worked my a** off for a long time.
Meet MR75. I'm in that Stankey 'sweet' group he wants to get rid of: just old enough and long enough in career to meet MR75 but nowhere near 65. Developer and too old to compete adequately with the youngsters Stankey and other corporations salivate at hiring and can't make the salary outside company at entry level or smaller company that will hire 50+ employees. Ticks me off that Stankey, who is in his 50s and been with the company 30+ years is trying to get rid of the exact employee category he fits. Oh wait. Except most of us who have managed to stay in the company after constant rounds of firings -- old enough to remember what 'surplus' really means which is 'fired' -- are actually good at our jobs. Wish the guy getting rid of us was then maybe company wouldn't be in the mess it is.
With jobs so easy to find, why would anyone tolerate the leadership in the company? Is your mindset, I am not the one getting benefit cuts it's ok? So long as it's happening to the other person, you are fine with it? What could go wrong with that mindset? If I were younger I would have left some time ago, and before you say it; I am leaving in the coming months. Let them go hire someone more concerned with pronouns. Will they work 12-15 hour shifts or will they be more concerned with the monthly LBGTQZFG meeting that night?
Many of us MR75 folks have long envisioned leaving with severance. Many of us will not now largely due to the retiree health benefits removal at EOY - ready to go... but still like the compensation/benefits... retiree health benefits is some additional incentive to leave.
Oh well!
Most of us MR75 folks don't have to work too many additional months in 2022 - with or without severance - to more than replace the value of those retiree health benefits. The closer to 65 (Medicare) you are the less valuable these benefits of course. And one would think there will be more surplus/severance in opportunities in 2022 and beyond. Most MR75s have good options - leave by EOY or continue working and give up those benefits.
If you made it to MR75, you probably have a healthy pension, you should have been taking advantage of decades of 401K/401K matching, you should have had the maturity of living below your means for decades (crazy talk, I know), and you should be financially independent.
Many should look inward and decide your situation is better than you think and/or you/not AT&T should own your current state/history of really bad decisions.
"Success is nothing more than a few simple disciplines, practiced every day; while failure is simply a few errors in judgment, repeated every day. It is the accumulative weight of our disciplines and our judgments that leads us to either fortune or failure." the late great Jim Rohn
Life is good.
“We deserve...” LOL
Um, no it's not unique to T.
This notion of "pay me to leave" is something uniquely ATT. In over a decade here, I still can't begin to comprehend it.
Where are all the leading industry benefits Stankey and Santone are always threatening to take away? Do they still offer adoption assistance and subsidized pet health insurance?
Welcome to America, friend. It's clear you've never been here.
pension is probably next.
I hear you, brother.