NOTE: There are some questions raised in the comments about the legitimacy of this report.
When Bank of America absorbed MBNA into it’s organization, they gave away three year protection packages to long term and high ranking employees here which meant that if they were laid off within that three year period, they would gain an additional one month to a year of severance.
This package expired on December 31st of last year, and today, five weeks after expiration, a large amount of employees that fell under that umbrella of protection are being let go. The HR rep estimates that 90% of employees that were let go today fell under that category.
The HR rep is devastated. The company directed her to make promises to people that they failed to follow through on.
So, lets simplify this. Employees that stuck it out past the three year protection mark are, some of whom were promised promotions if they stayed on instead of taking another job , are now being let go and screwed out of their packages a little over a month after it’s expiration.