Heard a rumor that because they are being outsourced, no severance.
True or False?
Why would the outsourcing make a difference?
I would live confirmation if true or false.
7 replies (most recent on top)
Outsourcing = 🚫 severance. If you were offered a position with the new company, you can qualify for your pro rata share of whatever bonus would’ve been given to you for the previous year. Outsourcing eliminates the stagnant management within U.S. Bank and allows an opportunity for an employee to grow with a new company at a higher rate of pay. If you are unfortunate enough to not have been given or offered a position, then you could qualify for severance at that time.
Those that are not offered a position are truly not good candidates to keep for the new company. They may be poor performers or they may be showing very toxic traits.
Nothing AI about my question. I just wonder what happens if your job is outsourced, but if you aren't offered a position, do you get severance?
This poster is taking other people previous posts (outsource/severance) and re-post it as a way to get discussion going, maybe for engagement. Wonder if this is an AI thing.
But what if they aren't offered a position by the new company?
I think outsourcing makes a difference because the outsourced employee gets hired by the company that takes on the work.
Yes, it's no fun but at least you stay on a payroll.
Perhaps others more knowledgeable can comment further.
Since our department is waiting for the axe to drop on us I reviewed it and being outsourced is one of the ways that equates to no severance being paid. I know several in my state that have been with the bank well over 20 years so I’m sad for them if this true.
There are several clauses where severance is not applicable. You can find the Severance policy by typing Severance in the search bar of the internal “My Total Rewards” site.