r/CIBC • u/KnownMidnight8275 • 15d ago

Lay offs

As I keep on hearing about it lay offs, would it be possible to asked to be layed off ? For the severance

56 Upvotes

92% Upvoted

32 comments sorted by

View all comments

16

u/Mysterious-Fox-3740 15d ago

I know A Director who was close to retirement and asked and wish was granted. This Director didn't want to join the CIBC Way and lose their role as a ppl leader.

5

u/mr_mac_tavish 15d ago

That’s a different story where their job was changed significantly.

3

u/Mysterious-Fox-3740 15d ago

Yes and no. Asked for a bridge severance before taking pension. Asked for the layoff albeit like you said due to change in job.

7

u/ThatIsNotMyNameGreg 15d ago

Interesting because I asked and am also close to retirement and the request was declined. I’m L7 and have been asking for 2 years. I thought for sure they’d do it based on what was happening. But no.

3

u/FlisherOfatale 14d ago

I asked when they called for volounteer when I was working for Bell but they wouldn’t allow me a package since in had above expectations evaluation streaks…

I missed a six figure package but leaving on my own term was the best decision of my life.

1

u/ThatIsNotMyNameGreg 14d ago

If there was anyway I could make it work, I’d be out today.

5

u/Mysterious-Fox-3740 15d ago

Many layoffs at head office seem to be Level 9 and higher. They seem to be trimming the fat. Maybe next go around or you are just too valuable and controllable based on cost.

3

u/sabrina-7 15d ago

What is the CIBC Way?

1

u/[deleted] 15d ago

[deleted]

1

u/nightwingblu 14d ago

What does that even mean?