Thread regarding JPMorgan Chase & Co. layoffs

Anyone know what the RIF packages look like?

I've been with JPMC for 13 years, what do I have to look forward to if they RIF me?

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Post ID: @ZEczk4B

7 replies (most recent on top)

How long does it take to receive severance after you stop working? The problem in New York is that if you receive severance in less than 30 days after layoff date, you won't be eligible for unemployment insurance for a certain period of time depending on the size of severance. Any tips on how to avoid this situation?

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Post ID: @ZEczk4B-2bil

Two weeks a year for the first eight and three weeks a year after that up to a year max. You should get 31 weeks. Got my notice last week. Good luck.

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Post ID: @ZEczk4B-2juy

roughly 1 year to 1 paycheck

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Post ID: @ZEczk4B-1szf

I saw the email this morning but the link didn't seem to work

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Post ID: @ZEczk4B-1hdm

Seriously? Just read the plan details on the intranet regarding severance plan.

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Post ID: @ZEczk4B-1ski

I went through it a few years ago at Chase. You should get about 7 months pay as severance as long as you sign the document indicating you will no sue Chase for any reason. I got 60 days notice. I ended up relocating to a different location and staying with the company. Bottom line - between Chase severance and unemployment benefits you will have a long time to find a new position.

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Post ID: @ZEczk4B-kae

22 weeks pay

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Post ID: @ZEczk4B-utj

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