Thread regarding Nike Inc. layoffs

Severance

Someone below mentioned weeks paid is now based on band vs tenure? True?

by
| 2276 views | | 8 replies (last ) | Reply
Post ID: @OP+1r6cKkXk

8 replies (most recent on top)

@sng hasn't been VALUES for over six months.

by
| | Reply
Post ID: @yhv+1r6cKkXk

For me it was 20 weeks at E band for 10 years service. Hope this helps someone. I dont believe band level mattered much from the chart I saw, and it was roughly 2 weeks/year, with a few extra weeks for people with like <5, <3 years

by
| | Reply
Post ID: @ddn+1r6cKkXk

Safe to use the last "VALUES" banded severance figures and map them to your current grade. It will be close, if not better.

by
| | Reply
Post ID: @sng+1r6cKkXk

If you know anyone laid off since September , ask

by
| | Reply
Post ID: @grl+1r6cKkXk

They will tell you and yes there is a grid given in your paperwork. No idea to know if everyone’s paperwork is different and when they gave me mine I had to sign I wouldn’t share what I got or I risk paying back my severance

by
| | Reply
Post ID: @shp+1r6cKkXk

Is there somewhere those details can be seen?
Ie: what would 20 years at band 40 be?

by
| | Reply
Post ID: @owx+1r6cKkXk

Yes, and by tenure “groups” not individual years. And each band # is in different groups (similar to e band etc)

It changed in September, so you can’t base it off of past layoffs

by
| | Reply
Post ID: @cnj+1r6cKkXk

Combo of both, band + Tenure, thats typically been the case at least as long as I've known.

by
| | Reply
Post ID: @fua+1r6cKkXk

Post a reply

: