#rif

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Next round coming up

I have a very trusted connection to a manager who is connected to a SVP in North TX and there is another RIF coming up mid-late Nov. Each time they have told me it’s been true so I’m guessing this next one is as well. I don’t have specifics but it’s a good number of people. If you have any PTO beyond 40 hours use it up cuz they won’t pay you for it. If you get past this one plan on applying for a new job. I don’t know how they can keep cutting so many and still function. I wonder if the C-suite gets wind of sites like this and reads the impact and disgust people have for them. People just want to work and make a difference and get a paycheck to live. Not get all involved in drama but here we are loving our teams but hating corp. it’s sad.


A103 /OC03  /PRRYGAXABBA/PRRYGAXABB1

So Uniti lay off levels reaching a size to push Windstream employees to switch the online community group to a new URL subdomain is happening, time 2 upgrade the crew to a bigger, better telecom layoff group. Why complain to ex-co-workers with Uniti, when there are ample AT&T RIF'd doinks to gripe at. And Verison, and Frunteer, and Tmobile, and

Sincerely,

Another Ex-Circuit Jockey


Fiserv to be acquired?

Lots of buzz on this or they might end up selling one of the two - Merchant vs Financial - lucrative stock price!!! save the ship from sinking while Franky and his gangsters sip some luxurious wine, watching sunset from his beachfront villa , laugh it out on hard working associates who are about to be RIFd big time !!! What a shame s**ky Franky


In Office Policy & RIF non-directional locations

Is it true the that Verizon wants to RIF most employees in non-directional locations in late 2026 and 2027 as part of the broader strategy to go lean?

Now that we have three main directional locations, Dan wants to accelerate the plan to shutdown real estate in non-directional locations (cost reduction), make 5 days in office and then start removing the employees in non directional locations. Of course some key ones would be asked to relocate.

This is probably not the case for the RIF this month but coming in 2026!


First RIF then VSP

Yes, it's true that RIF is due later this month. However, I heard that since Dan wants to make the org extremely lean, they are also planning for a VSP in 2Q'2026. Anyone heard about that?

Wouldn't that be interesting? Trim the fat once and then trim the folks sitting on the edge again?

Let's say you didn't get RIFed, would you take the next VSP?


VZ management is over staffed

It is crazy hearing about RIFs when we have so many executives and most people have no idea what they even do. CEO has a meeting, then the SVP has a meeting, then the VP, then the Sr director, etc. All just say the same things and ask what did you think about what the ceo said. If they want to cut costs start with upper and middle management.


Recent Layoffs

On Thursday, 10/30 a large number of IT employees have been affected by RIFs effective 12/31. There is no public acknowledgement of these activities. This was somewhat expected due to the ongoing expansion of Amgen India in Hyderabad, a decision made roughly a year ago for obvious financial reasons.
Impacted employees are offered severance packages that should help in the interim.


Doesn’t UHG typically follow Optum with layoffs?

It seems that, in the past, either UHC or Optum has a big RIF and then the other company follows 2 weeks later. The Optum RIF yesterday was pretty significant so wondering why I’m not hearing anything about UHC (thankfully). But I’m still thinking that this is the trend and wondering what comes (if anything) in 2 weeks. Seems all is quiet. Too quiet…


St louis Future

Yesterday was the CRG Governance & Supervision town hall. The future of the St louis location was discussed. For once a Sr leader was honest with the submitted questions:
1- Was asked if WFA is going to stay in STL. Leader paused & answered the questions very carefully. "STL is no longer a growth area". Said flat out they expect the firm to reduce to 1 building (and obvious reduce headcount). Said "that's been the plan all along since AG Edwards". He doesn't expect the St louis campus to close any time soon but it will it's pretty clear STL is no longer a core focus for the firm and will be reducing its footprint.
2- 4 day in-office work week across the firm? Answered would not be shocked but was not his announcement to make. Would come from 1 level up. (ie: its happening but not disclosing when). Explained some groups are already 4 & 5 days in the office.
3- AI will not take your jobs but ironically started the town hall acknowledging there were significant layoffs the day (Tueday) before and some people listed on the handout were already terminated.
It was refreshing to hear a leader be honest even though it was not the most positive answers. It is very clear from the responses that St Louis is not a priority for WFA anymore. How long it will last is unknown. Needless to say the auditorium in STL had a lot of shocked faces but not unexpected.


Insult to Injury with 401k with Elevance Health

So, after getting the RIF, if you've been there less than 2 years, you will not be fully vested in the 401K program; if you've been there less than 3 years, you won't see the additional 4% so all that money you thought you were getting according to your Fidelity account is a complete joke.

Your account will show a "forfeiture" for the matched amount. I think some of this RIF mess is to avoid having to match folks' retirement contributions they tout so highly as a "benefit."


Disgusted and frustrated EVPs and SVPs. Please chime in and help your hard working associates

Please please chime in and share some info here. When is the next big RIF that we will bombarded with while the mafia Frankenstein and his minion gang will savor an expensive drink over the rocks in their mansions watching associates and their families getting devastated already struggling to put food on the table !!! Shame on Frank B. and his fcky minions - you all shall be imprisoned. Karma will chase you down , wait and watch.


How much control your leader has when it comes to Rif?

I want to understand how much control a Sr director or above has when it comes to saving their favorites over people who actually work?

I know atleast 5 people in my org who got hired because they are related to so and so leader in one way or another. You can tell how bad they are at their work.
They could not even get hired based on their own capabilities.