#rif

Regrettably this RIF/layoff will be kept quiet and the details of how many and where will never become a part of the public domain. To the rest of the world it never happened

Expect it on Monday.

For anyone who was RIF'd- how does it work with RSUs? Is that all gone or do you get paid out? I see present vesting dates are 3/1/2027 and 3/1/2028

Verizon is stupid because instead of offering a VSP package to those that are ready to go and have already mentally checked out and won't leave until they get a "RIF package". They lay people off that care about the company and those that are energized and proud to work at Big Red. So they lay off the loyal employees that want to work their and keep the dead wood that don't produce any output other than gas and they don't want to be there anymore. Management does not want to offer VSP, they want to choose who gets laid off. Stupid.

Lots of RIFs this summer and I know of a few people leaving of their own accord now or soon

If your state has 60/90 days notice, let’s say you have 15 vacation days left and 9 years of service - what’s the severance period?

I’ve seen a lot of great employees RIF’d in the past year. Even if you try hard your number may be drawn for the next round of layoffs.
Doing an AMAZING job and the bare minimum both amount to the same 2-3% raise.
Your bonus can be arbitrarily reduced in any given year because they feel like it, like when people lost bonus pay because of Quality issues despite having no impact on Quality in their daily work.
Promotions are few and far between.
Each time you are promoted, your chance of RIF increases.
We’re all constantly given more work without more pay because they are actively reducing headcount, but not expectations.

What’s the motivation to try hard? Is there any?

The next wave will likely be end of October which will land around the Q3 earnings call. Followed by early Jan or late Feb ahead of Q1 close.

Pretty much follows Enrique’s playbook from HP. He executed RIF in waves. We still have about 1B to go on cost savings. Saved about 400M so far.

I shared I took the vsp around the last working day and the vibes were hella weird. I mean it was kin of awkward our last day. Some people leaving due to vsp..some got Rifd ..supervisor got RIFD wasnt even there the last day.Did any of you get a vibe that your team was envious or ignoring you once you finally revealed you took the vsp or found a new job 🤔?Its unfortunate what the ISP people are going through. It just revealed how noncohesive that team really was.

Anymore on whats happening in Intl ? (RIFs, BT merger etc)

So rumor has it that people’s lives will change again on 9/14.

It is OK for you to be mad if you’re caught up in this and you lose your job. Not one person will be terminated next week because of your performance, dedication or hard work. You’re going to be RIF’d because of other decisions that are being made way above you. I have watched this company for years, make bad decisions and then clean them up via layoff.

And if your name and or your team ends up on the short end of this, it is going to be directly because someone, some human being made a determination about the value of your work. And I think it’s OK to channel that anger.

Because I’ve been on the other side of putting these lists together and it is way less scientific than people want to believe. Gender, race, age, and whether or not leadership likes you has more to do with this than anyone here would want to believe.

I’m sorry that everyone has to go through this now has to experience this. But my guess is you’ve been there long enough to have seen this and survive these. So no one should really be surprised that eventually they come for everyone.

And the only person that matters at Oracle is Larry. And what that means is that eventually all of these SVP’s who constantly survived the chaos one day too will be asked to leave the company. How different the leadership team books from but it was just 18 months ago and what it will look like 18 months from now.

For my money, it’s OK to think that the senior people in someway or sociopathic monsters because they’re so easily capable of creating these situations.

And after you get through your anger, things will be fine, but don’t suppress your emotion and or talk yourself out of feeling the disappointment that this will create.

And for the love of God, do not post a Moore message on LinkedIn about thanking Oracle for all the great years.

Good luck in the next week.

If you are a manager (Tech-LOB) then you are aware that couple of months ago we were asked by our MDs to give few team members for RIF. To meet that 'quota' my Dir made me open couple of new positions under me & peers.
Last week I was told that the RIFs to continue and if open positions are unfilled by Sep-15th, then it undermines our future work estimates and some of my current members will be let go along with cancelling open jobs. I have confirmed this informally with my close manager colleagues (SVP & Directors) . So now I am chasing my recruiters for quick interviews for wrap up !(sounds crazy, right?).
Are other managers in the same situation too?

Q4 is here, and job security at Lumen is looking more like a temporary condition than a benefit. The hyperscaler model points toward fewer Lumen employees and more contractors doing the work we used to do, while management bets on an AI/data-center bo-m that may not live up to the hype. At this point, the question isn’t whether our jobs are safe—it’s whether our names are already on a spreadsheet waiting for the next RIF

I have said this before, watch for reorgs they are the precursor to RIFs. If you end up moving to OCI your time is short. They will cut reshuffle and bleed. Sorry to the OAL org today. Other orgs moving under the grim reaper watch out!!!

Stay strong time to organize, embrace unions! The white collar is the new blue!

I can’t tell you much, but for those worried about OIM…I confirmed some actual samples of below pattern;

Don’t have aegis but RIF this time
Don’t have aegis and SAFE this time
Have aegis and SAFE this time

Just wanted to remind everyone that you have until the end of September to opt out of contra benefits or you will automatically get signed up for them. If you opt out, it goes into effect t on 10/1 so if you change your mind you have until 9/30 to change. Also just putting this out there…if anyone is d-mb like me and left their pension in VZ and haven’t looked at it, you may want to. I lost $50k in the past 3 months and I’m sick about it!!!

Just remember this is a reminder for you to get on your knees to your RIF overlords and thank them for the job you still have and a reminder what an absence of a job feels like. More psychological fear mongering wrapped up as "FIS Gives". Crickets all over the company, no real plans, no roadmaps, no clear direction. More RIFS to come, stay tuned.

What is the potential for a RIF/closure in Canada in light of current economic headwinds?

I’ve heard two people suggest another RIF will occur. Curious bit anyone else has heard anything. One person mentioned December.

That’s it? Does this mean we’re still in talks with Stripe because my understanding was some actual RIF’s in the thousands were coming.

Over 100 hourly people laid off today. Smaller number of salary laid off today.

They have to cut at the bottom to keep creating new senior roles. Developers in my group get RIFd and more bloat gets added

'FIS is looking for a VP, Head of Program Management & Strategic Initiatives to join our Technology organization at FIS in Jacksonville, FL'.

'At FIS, we're looking for a VP of Technology Partnerships & Vendor Management'

This whole thing has caused complete company wide paralysis. Best bet, spend the next few days working on your resume. If you're RIF'd then at least Oracle paid you to write your resume. If not, well then your resume is at least more current for when they do the next RIF in March '27.

If so, don’t think top users will not be on the RIF list? I mean Dan is BIG into AI I would think this would be layoff criteria 100%

I hear that Candescent performed a large RIF today. Anyone have any details to share?

I asked ChatGPT to review this thread and other public info:

ChatGPT predicts 60-70% change of Layoffs in the next 6 months

When
September–October - High - Repeated late-Q3/early-Q4 activity, especially 2024

January–March - Very high- Strongest recurring pattern; year-end financial/budget decisions appear to feed into RIFs

The biggest thing I'd emphasize is January through March. That's not just a general corporate-layoff pattern — Highmark's own layoff history shows a particularly strong concentration there.

Sorry I'm late to posting. I'm the same person who shared OIM database activity from the last RIF. Just seeing the anxiety here is making me sick and sorry for everyone affected. The last detail I can add is that additions to the enqueue table have seemed to stop. Not saying there won't be any more additions, but the activity in that enqueue table which is triggered during these RIFs has stopped. I hope those affected will be alright. Please rest and take care of yourself.

Did someone in IT give us a heads up like the open slack channel on the other RIF? Viva la resistance!!!!!

a well planned mind fu-k? Several groups have been subjected to last minute (or are they) changes to their status. Some with RIF dates are then given different assignments within days of their change dates, some inside the company, some not. Now, the only update is that these offers are now given, allegedly, with the option to take severance or accept the extension keeping their severance offer intact. Be sure to get that in writing.

The bloodbath has begun. Looks to be 15-20% RIF. Announcements for US to be rolled out by noon. India already announced. My team impacted 30%. Good luck all. This one is cutting to the bone.

So I am still bitter about my time at USB Business Banking. I was recruited away from my previous employer, a solid place, to work on the Greatest Product Ever Imagined - Business Essentials!! Told the opportunities here were endless! Well wouldn’t you know that after almost 2 years I was part of a RIF…BE was released so why did they need me or most of the others on my team?? (50’s, white woman, everyone left on my team India , but I digress). I’m still pi---d that I was lied to and basically lured away with lies only to be laid off right before Christmas.
I used my network and landed a role before my severance ended, and I was not sad I was laid off. I was pi---d. Anyway, I’m still at that new job, it’s not with a big bank but is in finance, fully remote, and it’s solid and stable.

I guess my point is my bitterness lingers, but after reading about the cr-p you all are enduring here, I’m so glad I was laid off. Despite what you see about the market, there are opportunities! They may be with small, unknown businesses, but they’re out there. Nurture your network. It’s how I landed my new position and I’m convinced it’s how I will land in any future positions.

Sometimes, the grass is greener.

Dan make sure you include the team behind the updates in the next round of rifs

There's going to be waves of people leaving in September when the RTO policy goes into effect, and when Executive Leadership(ELT) realizes the reduction in payroll expenses isn't quite hitting the goals set by TPG, they are going to do mass layoffs. Entire departments will be eliminated if not reduced to a skeleton crew. High cost centers like Product Development will probably see substantial cuts, simply because most of that department live more than 30 miles away from an office, they're not going to cover relocation fees so it's easier to just cut. We are already seeing hiring freezes in PD when long-tenured software engineers left with no backfilling, budget constraints is the excuse given. I estimate that there will be massive RIFs in mid-October through December, then they will probably announce it in January 2027 just like last year.

Saw an org announcement that we now have seven CIOs with overlapping responsibilities (we had some of them before). I guess things were going so well with chief dipsh-t as CDIO that they decided we needed even more chief dipsh-ts. This played out at Optum a decade ago - spoiler alert: it ends with RIFs and consolidation.

After my departure from GTS last month I went through the process of moving all of my lines (as well as the lines of a handful of friends whom I talked into coming to VZ when I joined) to T-Mo. 16 lines in total. And I have to say, it was a delightful experience.
Only two nags to instead look for "deals", then you get the pin and account # that you need to give T-Mo. They have fantastic deals for people bringing their phone and number from Verizon. In my case the total cost at T-Mo is less than my VZ cost including employee discount (and therefore less than half compared to what I would have paid starting next month since you get one pay cycle of EDP and then it's full price). And I'll get $2k worth of pre-paid master cards...
With 15k people either RIFed or leaving on their own, and an average of maybe 4 lines per employee, that's a cool 60k lines lost. Well done, Dan. And thank you for making it a delightful experience!

We finally had the EBOS Townhall, postponed repeatedly after the VSP and RIFs started. Depressingly cringe, like trying to give a team halftime pep talk when 30% of the team left, 30% injured and the rest left to make up a 100 point scoring deficit. Carrie Milby looked bloated, stressed and overwhelmed while trying to deliver her "we got this" pep talk. For those left, Mission Simplify means doing more with less. God help us all.

…that you work for a company that wouldn’t p1ss on you if you were on fire.

A company that thinks it’s fine to have an all hands that unambiguously states that RIFs are happening in the next few weeks, even puts it in writing in a recap email, then does NOTHING, then does not even have enough respect for the human that it sends a follow-up email addressing what they themselves chose to put out there in terms of messaging. Accountability, you see, is only for us peons.

So yeah. Don’t sc--w over your team or the customer but “work to rule”. 8 hours. Don’t volunteer extra work. If you have a legitimate press contact share the email and that there’s been no update.

F@ck Enrique, executive bonuses, and this dying brand.

Trying to determine when the next RIFS will happen. Will it be early October with a December exit day?

Is the RIF ongoing or have they finished?