Yeah, I can't understand why people keep saying this bs about not getting severance. It's in AT&T's best interest to let people leave with this relatively small, hush money amount, if you will. They will gain nothing but a pain in the a-s if they force people out without severance pay. Literally, no reason not to pay it, and they already proactively stated they will. So, guys, please stop it.
I'm just going to leave this here.
There have been many posts about expected severance payout for management. My question is why is it assumed that it’ll be a 6 month payout? Is that written somewhere? What’s to stop them from changing it to a 3 month payout or 1 month. Or here’s 2 weeks pay, have a nice life.
Yes, it is explained in the severance policy. Most of us are talking about 6 months because most of us have been with the company for long enough to get 6 months, but those with under 13 years of service, will be getting less, if they are eligible. Sure, they can change the policy at any moment, but it's been around for something like 30 years, it's unlikely they'll be messing with it in the middle of this whole fiasco.
And the company can sit and wait for 2 months, 3 months, 5 months after you decline to move before it finally says, OK, here's your severance letter.
Hey, the OP quoted my posts from a few days ago. It's an honor:)
And yes, I agree with this statement, above. It's the most frustrating part for everyone affected, just not knowing how it will be handled. I wasn't sure at the time, but we had a somewhat casual conversation with my supervisor, where I was asked if I have considered moving, and feeling like I had nothing to hide, I honestly told them I would not. I didn't have any letters notifying me of a new location yet. The following week I received a surplus notification, with standard severance.
Here is what I believe will happen. There might be an official request to provide an answer to that relocation question, or there may not be, it might just be a question from a supervisor, and who ever answers "no", will likely be put into the standard surplus process, whenever the next round is. And like you said, maybe 2 months, 3, 5... Of course, people that live close enough to their work location, will not be asked to relocate, they will simply be told to start reporting on a specific date, so unless they get "lucky" and surplussed anyway, there will be no severance offered if they don't start showing up for work at the office.
You can look up the severance policy. It's technically 4% of your salary per year of service capped at 50%. So people saying 2 weeks/year is a good approximation.
The years of service is rounded to the nearest whole year. So basically if you have 12 years, 6 months (and maybe a day), you have maxed the 50% or half year of salary.
The same document gives your medical, dental, vision coverages. The latter two are easy to describe. They end at the end of the month of severance. Medical is more complicated and is based on years of service but the document can be found by doing a search from HR One Stop.
"My question is why is it assumed that it’ll be a 6 month payout? Is that written somewhere?"
Yes, the severance policy. It's accumulated based on years of service. Yes, they can retract or change it at any time, and have before, but no word that they're doing it this time.
T being broke is the primary reason for severance pushback and scrutiny.
It’s 2 weeks of pay for every year of service the employee has, isn’t it?
There have been many posts about expected severance payout for management. My question is why is it assumed that it’ll be a 6 month payout? Is that written somewhere? What’s to stop them from changing it to a 3 month payout or 1 month. Or here’s 2 weeks pay, have a nice life.
As some have pointed out, the idea that severance is not offered has been moot. BUT, it does not mean that there aren't strings attached.
The "you have to move" letter is separate from severance. If you get the former and choose not to move, you aren't eligible for severance immediately. Even if you have a job lined up that starts a week or two weeks after you decline to move, if you leave the company before getting your SEVERANCE letter, you don't get severance.
And the company can sit and wait for 2 months, 3 months, 5 months after you decline to move before it finally says, OK, here's your severance letter.
Just another way to eff with everyone. They likely want to push severance letters out until kids are back in school and even to the end of the year when companies tend to put hiring on hold. They want to throw everyone off as much as possible so they leave before getting that second letter.
The company leadership is full of subhuman filth.