I was part of a RIF in early 2015, so obviously some time has passed since then. While I did secure a non-management position and elected to stay, I came very close to accepting a severance package that would have paid my previous management-level salary for a total of 40 weeks (along with all benefits) plus my annual STI (bonus). At that point, I had just passed my 20-year mark with the company, hence the 40 weeks of severance. I have heard that packages today might be quite that generous, but an employment attorney I consulted with described my offer as a 'positive outlier', expounding that it was one of the more generous he had seen in some time. I was also advised that, from a legal perspective, Verizon had its bases extremely well covered with regard to the RIF I was part of. I have had many friends impacted by layoffs over the past few years, and the majority of them wound up better off in the long run. I chose not to leave primarily because of the benefits (including 5 weeks of vacation) and the reputation I have built over what is now 23 years and counting. Still, I despise our current culture and hold senior leadership in utter contempt. And I was part of Verizon management for two decades.
Hope this helps is some way. And please know; you are nor alone in this and will ultimately come out okay. Hang in there!
Posted originally by Piso Mojado | Post ID: @QizPWGq-zfg , thanks OP, definitely something that should taken under consideration when exploring legal options.