Thread regarding SAP layoffs

When to expect severance pay?

My entire team was laid off on March 4th. Most of us had until April 15th, some April 30th if they had scheduled interviews for other positions. The separation agreement stated that SAP would release the severance and cobra payouts within 60 days. Does anyone know if they are holding peoples $$$ for the full 60 days? So far no one I know from my team has received any payouts. Thanks in advance if anyone has insight on this topic.

by
| 1356 views | |
Post ID: @Z3ZKWeC

8 replies (most recent on top)

I reached out to SAP yet again regarding my unpaid severance, this is becoming seriously inconvenient and the last thing I want to be dealing with right now.

Working for this company has been nothing but let down after let down and of course the end of the saga is getting laid off and having to bug them to pay up on what's due.

by
|
Post ID: @Z3ZKWeC-zanj

Please try to get your pay soon. There is talk in the greyvine that end June there will be more reorg in some Cloud departments.

by
|
Post ID: @Z3ZKWeC-xqjj

My last day was May 15th and I have yet to receive my severance. What is going on with these folks? I am trying to get my life together and this delay is costing me and making things harder. Thanks SAP!

by
|
Post ID: @Z3ZKWeC-wmjp

My last day was April 15th and I got my severance on April 30. They did what that had agreed to.

I was upset about getting laid off. Who wouldn't? I have already started another job and am banking the severance. I genuinely liked my job and was challenged and stretched and compensated well.

Hope everyone out there lands at a new place in a timely fashion.

by
|
Post ID: @Z3ZKWeC-5piy

If anyone is still waiting for their payout you need to call SAP HR Direct. My last day was April 29 and my payout was in my bank account on May 15th. The only reason SAP could legally hold your payout is if you did NOT return SAP equipment. IT gave me a receipt of all my equipment I turned in before my last day. Good luck to all.

by
|
Post ID: @Z3ZKWeC-2oka

My last day was April 15. I have not seen any severance yet.

by
|
Post ID: @Z3ZKWeC-1fat

I heard from someone who also took the early retirement package and they hadn’t received their payout yet after leaving Apr 1st. Maybe SAP blew all the money on SAPPHIRE and the Lady Gaga private concert!

by
|
Post ID: @Z3ZKWeC-mbn

2017 layoff people get the package in 50 days, termination meeting on 10 May with 30 June payout date.

by
|
Post ID: @Z3ZKWeC-eat

Post a reply

: