I imagine they will cut your access to everything excepting maybe a few things that you still need to use to communicate with HR and whatever?
What is it still accessible to an employee that was just LRed?
What happens with the gear you have (meraki, phone laptop etc etc)?
What happens with the subscriptions you have to things like Pluralsight, LinkedIn Learning and so on?
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1 month salary for each year over 5 or so.
Dreaming - at least in the US
So it is not minimum 2+3 for everybody?
I thought it would be like this
2 salaries minimum severance plus 3 more not to sue + 1 month salary for each year over 5 or so.
@1nwp+1swf0MY4, yes thats because they let you access to Webex, Workday, Internal Job Site and e-mail till your last official working day.
@1npg+1swf0MY4 depends on your service time but as far as I know 3-6 salaries. In my case it was 4 salaries.
whats the LR package like?
I remember that in the past you were given the option to look for another job within the company. Would that be possible with jist the restricted access as mentioned in this thread?
Download everything on a memory stick. Print all emails going back 18 months. Go to unemployment office file benifits. Kick back.
- and regarding your projects and work obligation: You are inmediately on garden leave and you are not allowed to continue to work or to attend meetings with externals representing yourself as a Cisco employee. Cisco IT monitors your devices (they install couple of days before your LR date a software for that; obviously without your knowledge..) and if you violate the rules you will be contacted by legal - and as mentioned you will put your severance in high risk. So just dont work :))
In my case and from other affected colleagues which I know (EMEA region) severance payment is a lump sum which will be payed out latest 30 days after my last official working day. Important is not to violate anything from the severance agreement and to bring back all Cisco devices on time.
Understood, thank you, that is a more realistic scenario
How about the money question that I had ?
I have been LR‘ed within the last 12 month.
You will lose access to most of the tools within 24 hours (and as well building) - except Webex, E-Mail, Workday and Stock-Account. Manager asks you to put an OoO mailer. After that call/meeting with your manager you will receive an e-mail from HR with all instructions incl. severance offering. You must leave inmediately any Cisco facility.
You will have 5 workdays time to accept or decline the severance agreement. Be aware that all your activities on your Cisco related devices are being monitored since a couple of days before your LR date and Cisco IT will continue to monitor it till you bring your devices back. Dont risk your severance, so be careful what kind of data you move to an external device or cloud storage.
On your last official day your Webex and Email account will be decomissioned. This is also the last they to bring back any gear like your laptop.
That's acceptable. Will the payment be issued as a lump sum once I sign the agreement not to pursue legal action, or will it be divided into installments?
I'm still unsure about my obligations during the specified 30-60 day period. Will I be expected to continue working on my current projects?
If I have the option to receive five months' salary upfront and have no work obligations for two months except for learning and get ready for job hunting, that would be an ideal situation for me! :-))
Some people received 30 days notice, some received 60 days notice.
You get paid for the full 60 day notice + 3 months if you sign an agreement not to sue Cisco
That seems too good to be true
So, hypothetically, if by the end of May they inform you that your services are no longer required, there should be a notice period. This notice period should ideally be shorter than the typical 30-60 days.
I recall from previous instances that individuals were given a window of time to explore alternative employment opportunities, request a leave of absence, or pursue other options. However, in some cases, the notice period to vacate the position was indeed around 60 days.
But there were certain conditions attached to this, resembling the following:
Depart immediately and receive compensation equivalent to 5 months' salary (though I recall seeing a different number mentioned in another context).
Depart within 2 months and receive compensation equivalent to 3 months' salary.
There was also an option to leave while still maintaining an association with the company, although I can't recall the specific incentive or rationale for this.
What I'm uncertain about is whether individuals were expected to continue working or undertake any responsibilities during this 2-month period.
Not true. You only retain access to basic HR, stock info, Workday, and Payroll. All other access, VPN, and building access is removed.
You have access to everything for 30 - 60 days. Then must return your computer within that time frame as well.