#rif

How many employees will be RIFed over the worst iPhone launch ever? Little to no sales….. little phone calls….. unheard of…….

How many employees will be RIFed over the worst iPhone launch ever? Little to no sales….. little phone calls….. unheard of…….

Curious, if anyone else thinks there's a case here. It would seem that Oracle, grants certain employees RSUs. The intent is to get those employees to stay and remain engaged over the vesting cycle. RSUs are valuable, no matter what the stock price is.

However, part of the RIF process is to cut individuals that have large amounts prior to vesting. It's not by accident, it is a standard practice. Seems to be deceptive. I'm curious on thoughts from this community.

Hello everyone ! I’m back and I hope you’re all happy and healthy including the negative ones that bad mouth Medtronic.. lol It’s been 4 mos since I got riffed since May 5th and I I’m living the dream but I have to admit I left my heart in Medtronic..I did not have a high paying job or position but honestly I was happy. The only drawback that I hated was getting up at 5 but nevertheless i had a great job with some of the best people I will ever meet in my lifetime. I think that was the best part of my job to be honest with you. They always helped me see the good in everything no matter how bad it was . I would have never known this if i had never worked there . You can call me whatever you want , bootlicker and such but in your face I’m one proud one right here . And if given the chance I would take my job again in a heartbeat . God bless Medtronic❤️

Hear of RIFS happening! Can you confirm locations!

Does anyone know the next notification date? RIFs are part of quarterly cadence at Centene. Last one was late because of VSP. When is next one planned?

Not a fun post.

This has come up on Reddit too: the September list of people RIF’d was reduced from the original (some estimates had it being 2-3x longer).

There were a few reasons and to why the was reduced and I won’t get into them here. But at the end of the day, the remaining people from the original list will get RIF’d and the plan is December after the quarterly announcements.

It’s the same story based on budgets (RSU) - North American resources are expensive. M-levels can confirm that the first couple of list drafts are way longer than the actual final September RIF.

December will be the next round for US, Canada and India. $$ and details will go out in the Q2 10-q.

If you downvote this post, you’re not doing anyone a favor. I told people on here multiple times the date of the September RIF was not Sep 1 but Sep 15, and was downvoted. Management gets trained the week before on layoffs. Always (email or not).

Apparently employee performance ratings weren't a factor in layoff decisions.

As folks are now stack ranked and downgraded to "meets expectations" in most cases and focal rewards are usually dismal and weighted towards RSUs rather than real cash.

Whats the point in trying harder than normal job expectations?

Also theres no guarantee you won't get a RIF before RSUs vest.

I left on my terms and conditions. I milked the company all the way until the end of my employment. Anyone can do the same before you get placed on a PIP or RIF’d. This company is so Mickey Mouse. They love to engage in psychological warfare as most Fortune 500 corporations use the same tactics, but I became the victor!

The Office of the Comptroller of the Currency has begun a new series of layoffs. Federal employee union representatives confirmed the job cuts. Reduction-in-force notices were distributed to employees on Wednesday. The exact number of affected staff and their departments remain undisclosed. Previous staff reduction plans included a buyout offer.

Washington, D.C.

https://news.bloomberglaw.com/banking-law/national-bank-regulator-begins-new-round-of-layoffs-union-says

It’s about trust!

Coming up next…RIFs!

I heard a couple of big names / leaders impacted this week. Any ideas on total impact?

From HR training I am pretty sure you cannot threaten someone their job because they ask you for help.to remove an impediment. Asking any HR person on here, current or ex Fiserv. This seems like a violation. This is how they are doing rifs when they say not performance based.

Anyone have a read out on the Mark Hura for North America's all hands call this week? Obviously I missed it being RIF'd on Monday.

Have they mention how many people accepted the VSP? And how many RIFs this year?

Possible RIF around end of year again, Thanksgiving / Christmas ?

According to the pattern, the sinking ship has been following there should be some RIFs tomorrow.

If there’s a god please pick me

I've been thinking about this because I've now been on both sides of it. I've made the calls. I've been the person on Zoom or the phone telling someone their job was being eliminated. And then last year I got the call myself. I thought I understood what that felt like because I'd watched people go through it and I'd had some really difficult conversations with people I cared about. I didn't. Not completely.

One day you're working. Your calendar is full, you're in the middle of projects, people are calling you, and you're thinking about what needs to happen next week or next quarter. Then suddenly you're not part of any of it. The company keeps moving, your meetings still happen, your work gets reassigned and eventually people you talked to every day stop calling. That's not a criticism of them. They still have jobs to do and you're simply not part of their working lives anymore. It takes some time to get your head around how quickly that happens.

That's why I have a hard time with some of the survivor posts immediately after a RIF. We lost great people, we'll raise a glass to them tonight, tomorrow we rebuild, we push on, we continue the mission. I know most people who write this stuff mean well, but think for a second about the people who just got cut. The company just told them they're no longer part of the mission. Trust me, they already know you're going to push on without them. They don't need you to tell them.

There's something else I think people who survive these things need to understand. If you've survived five RIFs, don't convince yourself you've somehow gotten good at surviving RIFs, or that continuing to survive means you're special or safe. I've been involved in making these decisions and that's simply not how it works.

Sometimes a product goes away. Sometimes the strategy changes. Sometimes they need to take cost out of one organization and not another. Sometimes two groups get combined and suddenly there are two people for one job. And when you get down into the list, HR and the lawyers are looking at it too. They're looking at age, gender and other protected groups because the company needs to understand whether the RIF creates an adverse-impact or discrimination problem. I've actually participated in this process. When you get into close decisions, factors other than who is the better employee can absolutely become part of reviewing that list.

So maybe your product survived. Maybe your particular job was needed in the new organization. Maybe you ended up on the right side of the ledger this time. Or maybe you just got lucky. None of that means you aren't good at your job. It just means you shouldn't assume the person who got cut wasn't every bit as good at theirs.

If you really want to help the people who lost their jobs, help them. Make the introduction, send the resume, pick up the phone, write the recommendation. Then go back to work. You don't need to post about how you're going to carry on with the mission. They already know.

And if you've survived five RIFs, maybe the lesson isn't that you're safe.

Maybe it's that you've been lucky five times.

any info when riffs come to EMEA?

Can one volunteer for it? How?

Vp or director?

I did not see the email of the RIf until about 8 hours later EST when I was able to access my work email just one last time, and there was an email sent at 6:01 AM. There, in that email, there is a link that you click to verify your personal email address along with your name and work email.

After that, I was not able to connect to work email. So if you haven't tried to reconnect into your work email, try again and you will see an email that says: Immediate Action Required.

The assumptioin is you will get documentation for severance and anything else in the coming weeks. I heard within 2 weeks give or take if not sooner.

Recently re-orged to Security and GRC from Cerner. Should we expect layoffs? Last rounds security teams were hit but not as strong as other groups.

I actually enjoy the work here and have some great coworkers. The problem is I've watched so many really good people get RIF'd that I don't feel secure anymore. Every few months there's another round. With the job market being this rough, I'm thinking I'd better start looking while I still have a choice.

Is it done for 2026?

I informally volunteered for any RIF in the U.S. No feedback yet from management. Hoping they snip me next week. Will keep y'all posted as the process unfolds. Or doesn't unfold.

Has anyone looked at the distribution of RIF employees? For those who were part of the RIF it should be in workday. It’s a 47 page document. Just curious what your thoughts are. I reviewed the data by extracting the PDF into and excel. I wanted to analyze it because I wanted to see what the age distribution was. I can safely say that 40+ vs 40 under age range did not have a statistical significance.associated with selection of older employees at least for the line I reviewed. The selection rate was also evenly spaced out among age bands between 8-11% on any age group. There was a disproportionate impact on Sales teams at 30%+ percent accounting for the majority of the RIF. I don’t believe these numbers include the VSP numbers.

RIF started sporadically beginning of September and ongoing...Some received notification early Friday before noon. And some genuine 'volunteered' to be on the 'list'. After I finished work at the end of the day, I felt surreal, sad and somber after leaving the building for ALL the people who were let go, I remember what someone said "all the good things must come to an END"

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.