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Old 05-09-2014, 06:58 AM  
BigRichard BigRichard is online now
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Laid off
So I got laid off yesterday and my work is offering me 3 weeks of severance for signing this release agreement. There is basically some demands like I won't bad mouth the company and I can't sue them for anything.

It has some wording about releasing the company from "all such claims and demands related to salary, bonuses, commissions, incentive compensation awards, incentive shares, vacation pay, fringe benefits, expense reimbursements, severance pay and/or any other form of compensation (including, without limitation, unpaid wages, commissions and compensation)".

Does that mean I can't draw unemployment if I sign this then? Or is that something entirely different. Just wondered if any of the lawyers around here know anything about this?
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Old 10-16-2014, 02:51 PM   #61
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Just hoping to get the extra 8 months of pay...
HP just split into two companies. Internal word is an additional 5K layoffs each. I'm in between assignments ATM....
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Old 10-16-2014, 02:52 PM   #62
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Just hoping to get the extra 8 months of pay...
I thought "volunteering" gets you that 8 months (which is pretty good, regardless of your tenure these days).
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Old 10-16-2014, 03:22 PM   #63
morphius morphius is offline
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I thought "volunteering" gets you that 8 months (which is pretty good, regardless of your tenure these days).
No, here the severance is locked. It used to be that they would throw in an grand if you did, but that was the only difference.
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Old 10-17-2014, 09:16 AM   #64
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Wow! I was on a team of 6, 2 people volunteered, and only 1 was left standing at the end. UGLY!
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Old 10-18-2014, 11:58 AM   #65
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Nobody in my department was let go. Wow. Guess they went for the employees with big salaries and got their quota.
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Old 10-18-2014, 12:35 PM   #66
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Old 10-18-2014, 01:09 PM   #67
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Nobody in my department was let go. Wow. Guess they went for the employees with big salaries and got their quota.
It depends where you were, some groups were annihilated. My group only 1 of 6 is left, another 2 groups are completely gone. Another group had enough volunteers that they didn't lose anyone else. I've heard there is another big cut next year already in the works, but that might be on the business side instead of the IT side. Just yuck...
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Old 10-18-2014, 01:12 PM   #68
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Just hoping to get the extra 8 months of pay...
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Wow! I was on a team of 6, 2 people volunteered, and only 1 was left standing at the end. UGLY!
So you got the 8 months? I saw on Facebook, but didn't want too be nosy. If you did, that was a ****ing brilliant stroke, and you deserve the windfall for being proactive about the whole thing. Bravo, man!

Folks, that right there is how you turn chicken shit into some gourmet chicken salad!
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Old 10-18-2014, 04:22 PM   #69
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So you got the 8 months? I saw on Facebook, but didn't want too be nosy. If you did, that was a ****ing brilliant stroke, and you deserve the windfall for being proactive about the whole thing. Bravo, man!

Folks, that right there is how you turn chicken shit into some gourmet chicken salad!
Yeah 8.5 months, plus a 10% raise at the new gig.
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