Thread regarding Bank of America layoffs

Severance?

Is there a cap on severance if you worked at BofA for say, 30 or 35 years? Or do they just make you miserable so leave on your own (or make up a "cause" to terminate) to avoid paying these days?

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Post ID: @ZeZCQy7

7 replies (most recent on top)

The severance program is on the intranet.

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Post ID: @ZeZCQy7-jcwy

Same thing happening here too. Management giving the squeeze to get older associates out.

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Post ID: @ZeZCQy7-4joh

They'll try to make your life a nightmare before they'll ever concede to paying a severance. Worked there almost a decade, great performance reviews every year. Then they did everything in their power to make me miserable so they could hire a college kid for half my salary. HR and management is tone deaf and incompetent.

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Post ID: @ZeZCQy7-4xcg

Co-worker let go last week. 30 years worked for 1.5 year severance plus 2 week notice left that day

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Post ID: @ZeZCQy7-4yrj

Is severance spelled out in the employee handbook?

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Post ID: @ZeZCQy7-2xra

After you hit the 20 year mark, you get 3 weeks per year of service but it's capped at 72 weeks maximum.

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Post ID: @ZeZCQy7-2iqj

when I got severed, I had 19 years of service.......2 weeks for every year max of 1 year only

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Post ID: @ZeZCQy7-1lzz

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