#layoffrumor

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September 14 is the day - will it be emails again?

An Oracle RSU agreement publicly filed says unvested awards terminate when employment ends. Its definition can use the date termination notice is delivered, and excludes notice periods or garden leave from extending employment for vesting purposes. That means continued pay alone may not preserve vesting.

With September 15th being a big vesting date, I’d say with 99.9% certainty it’s coming Monday the 14th. This date was corroborated by an M7


Were there any warning signs before you got laid off?

I know all of us at Fiserv live under this persistent threat of a layoff looming over us, but I was wondering if there was anything in your immediate range where you thought you were going to get laid off and eventually did. What were the signs? Not enough work to do? Offshoring work? Lot of deconverted clients to sustain the business unit? Financial losses specific to the business unit? Etc. Or were any of you genuinely surprised you were targeted for the layoff.

Personally speaking I would not be surprised because there are many warning signs in close proximity to me but not just simply that Fiserv isn't doing well as a whole. Too much disruption and offshoring is what I've been seeing operationally.