"Embarrassed, Angry": US Company Vice President Fired After Receiving 25% Bonus
NDTV
Despite receiving a raise and a 25% bonus, the employee was informed that his position was being eliminated due to cost-cutting measures.
A former vice president at a US company was unexpectedly laid off despite recent recognition and performance. Despite receiving a raise and a 25% bonus in a recent review, the employee was informed that his position was being eliminated due to cost-cutting measures.
The former employee shared his ordeal on Reddit. "I was let go last Wednesday. I had been working at this company for 1.5 years as a VP and not once did I receive negative feedback. During my review in March, I got a very good raise and got an additional 25% bonus," the user wrote in a lengthy post.
He further shared that he was approached by the company's CEO and COO a week before he was being terminated and was told the decision was not personal. "They gave me 10 weeks severance," he added.
