#rif

I know there probably isn't a way to know if a RIF is coming for you but thought I would ask if anyone in hindsight saw some clues or saw the writing on the wall ahead of time? I am pretty overworked with responsibilities but have for the last several years reported to different people who do not (and have not made any effort) to learn even at a high leve what I do or take any interest in my work. I assume me being generally overlooked means I will eventually be next but then again maybe not because my supervisory team will not want to pick up my work when I am gone since they are so unfamiliar? I am ready for whatever comes. A little worried that someday Elevance my get rid of sub pay -because why not it is a cost to them- and that worries me.

This! RIF when not enough $$$ in the coffer to fund $10B Frontier. https://www.fierce-network.com/broadband/verizon-seeks-sizable-10b-fund-its-frontier-deal

I truly have sympathy for you guys. I remember having the same experiences. I moved to Hidden Ridge five years ago and that level of stress surrounding RIF time is a distant memory for me now. Sure, I don't want to be laid off but I just don't have to worry that much about getting another job. Last Friday, I went for a beer after work and ran into two guys that were partners in a company. After I told them who I worked for and what my job was, they told me they needed a project manager and offered me a job. They offered a salary that pretty much replaced what I'm making now. I told them I wasn't looking right now but we might have layoffs in our future. They gave me a card and told me get in touch if things don't go my way. My neighbor is an electrician. The company he worked for wouldn't give him off last Christmas so he quit. He went home for two weeks and the same company rehired him and bridged his time because they needed someone and couldn't find someone to replace him while he was gone.

Do you act like you are going to get RIF'd? The upside is you are mentally ready if you do get RIF'd. The downside is you caused yourself weeks of stress and worry if you end up not getting RIF'd. Like the saying says, "worrying does not change tomorrow, but ruins today".

Or do you act like you're going to be just fine? The upside of this is no stress and worry. The downside is that it hurts even more if it does happen.

What is your mental state during this time?

I’ve heard 11/13 or 11/20. Which is it? And what’s the scope and the extent?

This site was a good place for people to come and share knowledge of events that may impact folks, discuss the challenges of a RIF, and generally share information: USEFUL INFORMATION.
It's turned into a place where babies come to bi--h about working in an office, drawing silly connections to stock prices and earnings to RIFs (complete nonsense), and generally complain complain complain.
OMG JUST QUIT ALREADY.
Oh boy here come the negatives ....

Ok instead of having staff constantly look over their shoulder and wonder if they’ll be a RIF casualty, why not send out periodic emails to keep employees in the loop? Heck we got daily emails when COVID struck. If not they shouldn’t have mentioned 11/20 in the first place…I mean it’s good in the sense it gives us time to update our resume but it also stirs up fear and paranoia for several weeks.

If you do get RIFed, do you retain the stock awards you were already awarded?

If all these VP level leaders are getting Rif'd, then who decided which Sr Directors and ADs to Rif? If people were chosen for layoff before the VPs, then in many cases, the people deciding if you keep your job could very well not be good enough to keep their own job.

Now that the ranking lists have been submitted to HR and Legal, is there clarity on when VPs, AVPs, and SDs will receive confirmation of the impacted employees? Or is it simply understood that those identified as low performers will be RIFed?

I'm wondering if it is too late to volunteer at this point? Too late? Lists at point of no return? I know not too many here have a crystal ball..but some may.

Given that we are at the latter part of the year, does anyone know if one's STI gets paid since we have already hit our goals committed for the year, even if that means a prorated rate, I don't know if that happened in previous RIFs around the same time period???

Just curious..... When you get laid off, does Verizon pay you for your banked time off or use it or lose it?

Say you get RIF'd on 11/20 and have to work until end of Dec. How productive are you expected to be during those final 3-4 weeks?

If you had projects you were planning to finish before end of year, do you still complete those? How much effort do you put into offloading your work to another employee? Are you still expected to follow the 3/2 hybrid?

Or are you basically just doing minimal work during this time, and not coming into office?

What have you seen from lame duck employees in prior RIFs?

All managers of sites concerned have been told to make a list. Voluntary RIF Notifications to go around the end of November to early December with terminations taking place by mid to end of January. like before people will be given the option to voluntarily apply. The candidates will be chosen by the end of December and people will be notified the beginning of January

Will my experience certificate mention this anywhere? Will the other companies find out I got RIF'ed via background checks? Or will I be asked to drop my papers, and it'll look like I resigned?

Income RIF at the DV AZ USA location. Expect 20% of directors, managers, and employees to be laid off before Christmas

Microsoft should declare a 100% RIF at their Redmond Washington campus. Have all those employees move to St Louis Missouri where Microsoft can buy old buildings cheap for them to work in.

Microsoft should then donate the land to NASCAR where they can bulldoze down all the buildings to make room to build a Daytona 500 size race track with a full grandstand and a runway on the infield for Lear and Gulfstream jets to take off and land.
If Microsoft accomplished this the public would start having a favorable opinion of Microsoft then they do now.

Traditionally RIFd folks get 1 paycheck for every year they worked. Folks who took VSP got 3 weeks. Would be nice.

I am beyond retirement age and I have made it known that I volunteer for a RIP package. Do you think anyone will pay attention? Save a young guy, RIF me!

How long does Verizon let you keep the 50% employee discount after leaving? I upgraded my phone earlier this year, so I’d still owe on that, but I’m trying to figure out how long the discount stays before I lose it. Any former employees know how it works?

The district manager told my boss (area manager) that he is going to have to cut 1/4 of the 1st level managers. Does anyone know if this is true? I recently switched from a local manager in construction because I thought contractor services would be safer and I wouldn't have to deal with OPT's. Now I am worried because at least before I had people that reported directly to me. Has anyone heard anything concrete? I'm seriously considering volunteering because I cannot handle the stress. My new job is so much better than when I had to babysit union OPT's but I'm afraid I made the wrong move going to "supervising" contractors.

Directors and sr. Directors are getting 30 months package for leaving the company. Others will get max. Of 12 months package

If you get notified that you are included in the RIF. When will your last day of work be?

Will your severance package be paid out in tax year 2025 or 2026?

Will you get to look for other positions inside the company?

Any other wisdom you might have to share.

Have they announced expected numbers/departments for RIFs at Plymouth?

Next week. Brace for impact. Incoming...

One Verizon soon to be so far up in you

Re-org, Regional Consolidations, all questions answered 13Nov. Submit accordingly

WARN ? F warn.

Will the RIF impact any contractors, or just employees?

Doing this the week before a major holiday makes it more depressing. Not just for those on their way out but for the peers who are left behind to pick up the pieces until the next set of RIFs. Put us out of misery and tell us sooner

I keep seeing post about RIF's / layoffs / etc, but wondering if those have more to do with local field maintenance technicians and not Building Automation staff.

I haven't heard of anyone in the few hundred people I deal with on a monthly basis getting let go. I'm not based out of any major hub.

Certainly glad to hear it. I just thought we would have heard of more cuts, especially within Ambetter. And especially within Ambetter BH. Certainly hope it holds up for everyone, especially this time of year.

While we don't know exact count, rumour and water cooler chats are a buzz about ~1k cuts at each location / BU.

Majority of these are are level 6,7,8, squad leads, scrum masters and few 4,5 to make it seem random "business strategy alignment"

Sick joke, FU Bob 🖕🏻

Severance package was updated effective 11/1, that other poster was right

It's gonna be a fire sale.

Lol now Dave Shull is gone hahaha great job ruining Poly

Talked to two Grade 8’s - both in FI, who are extremely confident that there will be some sort of RIF this month, maybe 11/18. Sounds like a sizable cut.

Another person I used to work with in PI Phones, high up, confirmed. Anyone else hearing anything?

hey if you get riff'd ,theres nothing you can do,pick yourself up and move on crying about it on this site does nothing for you.

Let's crowdsource the next RA list for IBM. I will start:

1. Arvind
2. Rob
3. Nickle
4. Ric
5. Dinesh
6. Joanne
7. Kareem

VZ cannot put you on the list if your out on dissability..lol just some info

Some DPAIO folks are gone as of today. At least one VP and one SVP included. Is this part of a larger RIF this week?

Anyone here anything on Case Management / Customer Champion Team? Will there be any RIFs for them?

I am not saying CH11 is or is not imminent. But more actions are ahead. Some potentials:

1. More RIFs and firings
2. Changes to the severance policy to reduce total payment obligations
3. Avoiding pension fund contributions, forcing 0% lump sum option
4. Sale of the company
5. High risk schemes like selling our IP, reducing Microsoft license levels, buying auditors