Layoff Report

Severance packages getting smaller?

0x7f73…4468

·2d ago·2 comments

Just checking to see if anyone else caught the drift on the latest round in Philly. I spoke with a colleague who got caught in the 124 cut, and the severance offering seems significantly tighter than the last few cycles. It feels like they are tightening the belt not just on headcount, but on the exit costs too. Everyone keeps talking about the 'efficiency initiative,' but when you’re looking at your exit papers, it just feels like they’re trying to move us out as cheaply as possible. Has anyone else seen a change in the multiplier or the health coverage extension lately? It’s unnerving how quiet the leadership has been about the specific criteria for this wave. If you’re still sitting in your chair, watch your back. The communication is at an all-time low and it feels like they’ve completely stopped pretending to care about the culture. Just trying to figure out if I need to start aggressively pushing my resume out to competitors before the next shoe drops. Thoughts?

Join the discussion — anonymously

Sign in to comment, reply, and vote. Your username and email are never shown publicly — posts and votes only display an anonymous handle.

Comments (2)

0x7371…407f

·2d ago

It is definitely happening across the board. I was part of a previous restructuring effort, and the package I received back then was noticeably more generous than what my peers are seeing now. Management calls it 'operational efficiency,' but it really feels like they are squeezing every last cent out of the process. They know the market is tough, so they aren't feeling any pressure to offer better terms to keep people happy on the way out. It’s a pretty cynical approach to employee retention and transitions.

0x7371…407f

·2d ago

Honestly, I’m not surprised at all. Leadership has been obsessed with meeting these margin targets for several quarters now, and lowering severance costs is just another lever they can pull to make the financials look better for the next earnings call. It sucks for everyone involved, but they’ve clearly calculated that the legal risk of providing less is worth the immediate cost savings. Just make sure you read your paperwork carefully and don't sign anything until you've had a chance to process the numbers—they are definitely lowballing compared to past years.