Thread regarding State Farm Insurance layoffs

Wave 2 info if you missed it

QTD date is 8/31

Involuntary severance is available

If you get a job in another location you must decide by 7/5, move there by 8/8.

12 month incumbency for people with new jobs

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Post ID: @OP+TRvlO50

7 replies (most recent on top)

How many ET folks deciding on not relocating today?

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Post ID: @9mzb+TRvlO50

Good Lord vvv

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Post ID: @1tra+TRvlO50

the State Farm bloodbath is just beginning. This is the beginning of a major economic decline that will change this area in ways that few can imagine.

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Post ID: @kef+TRvlO50

Hang in there! Friends who left 3/31 are doing fine.

Be thankful for what you're getting......

Involuntary severance can get you up to a years pay. Most companies give you a month or less.

In addition, as other companies like NIKE and other Tech firms eliminate PTO and absence tracking policies you get the benefit of cashing that too.

PTO is a liability on the balance sheet. Luckily for SF folks this is another benefit of not having stockholders!

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Post ID: @ezr+TRvlO50

The logic checks out

It's always the end of the quarter

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Post ID: @kuf+TRvlO50

8/8 or 9/8? Wave 1 date is 9/8

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Post ID: @jnu+TRvlO50

Dang. Well at least involuntary is coming. Hope the rumors about there being less exits is true.

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Post ID: @zbo+TRvlO50

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