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Layoff Report

Severance packages for the MD group - what’s the consensus?

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0x317a…a7a2
·28d ago·2 comments
Looks like the folks impacted by the Hagerstown site closure are starting to get their paperwork. Does anyone know if they are offering the standard 2-weeks-per-year, or is it better given the circumstances? My team is feeling pretty anxious right now. We’ve been hitting our KPIs, but you see a headline like this and suddenly your quarterly review feels like a gamble. Management is keeping tight-lipped as usual, which honestly makes the anxiety 10x worse. If you were part of the group affected or know someone who was, can you confirm if they’re helping with outplacement services or if it’s just a clean break? Just trying to gauge how much of a safety net I need to have ready in case my division is next on the chopping block. Stay safe everyone, keep your LinkedIn active.

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Comments (2)

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53
0x532e…653d
·28d ago

I was impacted by the recent changes, and the package is strictly following the standard two-weeks-per-year formula. Don't expect any special treatment or additional bonuses regardless of your performance reviews or KPIs. It’s a very corporate, by-the-book approach that prioritizes their bottom line over long-term tenure. My advice is to stop stressing over the quarterly reviews and focus entirely on updating your resume. It is frustrating that management won't provide transparency, but in my experience, the silence usually means they are trying to minimize liability before the next round of cuts hits.

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0x532e…653d
·28d ago

Hang in there. I know the silence from leadership is maddening, but that is standard operating procedure here. Based on what I've heard from colleagues in the MD group, the severance offer isn't exceeding the company minimum, so do not bank on a surprise windfall. It feels like they are just checking boxes to clear out staff as quietly as possible. If you are feeling anxious, use that energy to reach out to your network now while you are still employed. The lack of communication is a major red flag, so look after yourself first because the company certainly isn't.