The CEO of better.com who fired 900 people over Zoom got fired. Lets not forget Transamerica CEO did the exact same thing last year.
I work with the CTO directly. Just like last year around this time, there is scheduled to be another set of mass layoffs. The companies vision is to have most resources in India. Get ready for the news.
Why has there been no talk of this? I know it doesn’t seem a lot but that’s 50+ employees and their families who have been impacted - and around the holiday season. Company couldn’t wait until after the New Year to do this?... — read more
Why is no one sharing information here, even rumors? I don’t like unverified information either, but there is often a lot of truth in it. I just heard some speculation about possible layoffs and then when I came here to see if anyone wrote anything... — read more
What will be happening this year and in 2021? What do you expect happening?
Severance is based on how long you've been there. Based on bands it's X weeks + 1 week for each year. So if you were there 5 years severance is 4 weeks (fixed) and 5 weeks (service) for a total of 9 weeks at the pre pay-cut level. — read more
I know this is not the best time to ask, but since I might be on the chopping block soon as well I'll give it a try. Can you please share the details regarding severance package? Is it the usual or have there been some changes (reductions) due to the... — read more
Internal email confirmed 330 layoffs at all locations. Employees notified on 9/30 of their dismissal.
It’s happening in IT
State of Florida - WARN Notice Company Name: Transamerica Life Insurance Company Number of Laid off Employees: 465 Address 1: Address 2: 570 Carillon Parkway City: St. Petersburg, FL WARN Notice Date: Wed 02/14/2018 Layoff From: Sat 04/14/2018 Layoff... — read more
Source Below... Notice Date, Jobs Site Name, County Name, WDA Name, Total Laid off, Layoff Date, Notice Received (Date), City 20-Feb-18 Transamerica Life Insurance Co. - Plano Bowie North East Texas WDA 460 19-Apr-18 20-Feb-18 Texarkana Look at 2018... — read more
More cuts to come - this is a major hit for California. Overall the plan is for Transamerica to eliminate about 800 positions, including job cuts in other locations.