#rif

I believe I’m cooked my manager asked me if I wanted to take the next rif package. He then asked me if I was ready to retire. I’m The only one left onshore for my team so I feel like they’re gunning for me for the next rif. I make $184k including STI bonus. Do you think I’m overreacting?

I was let go last September and at least had a Zoom call, unlike the March mass e-mail RIF. Now that Oracle has a taste for e-mail RIF I can't imagine they go back to hundreds or thousands of zoom calls. Either way, if you are on the list your computer access will be disabled almost immediately after notification. Get your personal documents off of your work computer while you can, and ask for the personal contact information for people you want to keep in contact with. You won't have a chance later on. When Oracle decides they are done with you, you are done in an instant.

Anyone on the Health Net / health plan side seeing RIFs hit their team yet?

Anyone from NC affected by RIFS?

Our department was hit hard, about 20 positions sit empty from retirement, VSP, and RIFs.

Anyone on the New Hampshire plans getting the boot?

Last year, the 10-K seemed to foreshadow a significant round of layoffs, given Oracle’s roughly $2B restructuring budget.

The FY27 10-K, by comparison, indicates about $300M in restructuring costs, and at least some of that appears to be tied to completing restructuring actions initiated in the previous fiscal year.

Am I missing something, or is this year’s restructuring budget much more in line with Oracle’s typical fiscal-year spending rather than suggesting another unusually large RIF?

I see lots of jobs open so why are they not trying to move people who are on the RIF list to these spots? Yes, some require specialized degrees, such as nurses, but many of them don't. In 90% of these jobs, people can be trained to do them. Why would they let experience walk out the door? People who've been here for years could easily transition. Is it because they're going to bring in new folks at lower pay? Make it make sense.

Our VP on infrastructure in BTS was let go yesterday. We have an all hands call this afternoon, I'm assuming to learn about a reorg.

I watched a Senior Director that was supposed to work all week go from green this morning to the gray x. Their schedule is blocked off indefinitely (I was going to schedule a meeting).

What are the tells?

Any PL's get let go today? I noticed a few in my dept were offline today. My PL logged off aroud 9am and never got back on. I hope not, because I really enjoy working under them. If a PL was let go, it wouldn't be immediate, would it?

What departments had some RIFs today? And how many? If anyone happens to know because no one is really being transparent in all this. Sad for the ones who were told today but happy for them that they get to move on and have some closure.

Not breaking any news, but this quarter ain't over yet!

FIS has history of RIF-ing employees in Q4.
That way you lose year worth of 401K match.
Market is slow in hiring. Most companies are in holiday mode.
Usually this is done as revenge against employees.

Their last day is 9/4. Got a random meeting today on their calendar with higher ups and HR. For their safety and making sure that they are not retaliated against, I will reveal nothing about them. I am sad to see them go. They didn't deserve it.
Random meetings are being sent out. It is happening right now as we speak.

Will be receiving documentation regarding severance info, job assistance, end of benefits information in the mail in about 2 days.
Normal procedure, nothing new here.

Anyone from PA Health & Wellness impacted by RIF?
PL said all 35 from PAHW who requested were approved for VSP with varying end dates. No mention of any RIFs yet.

Any idea if today's RIF has impacted just LOBs or corporate departments as well? Especially, any layoffs in marketing?

Has anyone from ambetter been lay offed today?

What a weird set of circumstances. I want to leave. They pushed my VSP to 11/27. People want to stay and nope.

If so please share your State/Plan

I’m so sorry that we are all going through such an anxious time right now. I wasn’t eligible for the VSP and am almost certain to be RIF’d — so please know I understand the fear and anxiety. I hope everyone impacted ends up better than they were before.

I was wondering if anyone who has been RIF’d today can share whether or not they were offered any kind of severance?

So seeing all the RIF posts from today. Anyone from NJ? Have you heard anything about Fidelis NJ?

If you were RIF'd today, please provide STATE, LOB, DEPT. plz & thank you. also, good luck out there

Got my message at 9am.

I am hearing about folks getting meeting invites today and marked as private. RIF discussions may be starting today.....

Does anyone know how the company is getting around the Worker And Retraining Notification (WARN) that I believe the company is subject to.? The numbers involved in the various RIFs imply they should be filing WARN reports.

I know the earlier round included 60 day Admin Leave which would allow them to get around it but the latest rounds don't seem to be so generous and not include the 60 day admin leave.

I am on a team of about 12 and we had 2 employees within a week fired. Makes me wonder if a new approach to RIF is setting unrealistic standards, allow team to fail and fire without offering severance to save on the bottom line. Trust absolutely eroded in this company.

Thoughts?

Capone pronounced like the famous chicago gangster... this is more appropriate that pronouncing as cap one. Corrupt, corrupt, corrupt. Sad, sad, sad. I have seen so many new posts about the new RIFs this week, and just as many, if not more celebration postings on LinkedIn about new job acceptances, promotions, and brand new job postings. This company is The Worst.

How depressing it must be to work for a company in a hot growth market who can’t grow revenue. Get out before they RIF you. It’s like being in a bad marriage. I understand why you would stay if you have minimal savings or just like living in San Diego. But for your own mental health just walk out right now. You can thank me later.

I raised a HR case to get RIF'ed.
In one hour my manager sent me meeting invite. We discussed the terms and on amicable terms my position was made redundant. I was given full severance package as per terms in FIS Handbook.
My Location is Alpharetta, GA.
Just open a case with HR, they will consider it with open mind. In fact, I encourage everyone not happy with current events.

I’m grasping at straws here so take it easy on me in the responses please. I’ve noticed from reading posts on here that a few departments are having townhalls in August which is when RIF is allegedly supposed to occur. My department doesn’t have any townhalls scheduled until September after the initial VSP separation date and it’s 1 of those choose between 2 different dates type of meetings. I feel as though if we were laid off it would be 1 day only, the option to choose is making me feel as though we won’t be affected by RIF’s. This whole fiasco has been a disaster! I don’t want to dox myself but I work in PHCO.

I wonder if anyone on the RIF list would become part of the August RIF / involuntary layoff after VSP accepted and approved if we had an extended exit date? This would allow Centene to save on the “enhanced benefits” and since they are great at changing things.

Any new organizational updates from PI?

Another 10% is leaving on top of all the layoffs this year already. Any word on additional RIF?

A couple ppl have been able to move their VSP date which seems crazy. We were told Dec 11 but several have now moved to 9/4.

Some new teams have already been formed while some remain untouched with no new direction. Are we sitting ducks? Our leaders are leaving and we aren’t being told anything.

Anyone else here being told anything at all?

Also KT suing Centene? And naming KC?

I heard info would come out this week but that doesn’t match up with the 8/12 date I see listed by other users. Anyone in the know with how many accepted the VSP and RIF notifications?

Someone commented on a post-

Supposedly, the next RIF will be in November-ish. I am hearing from multiple "hush" sources that this one will be performance based, mixed with "Re-badging" instead of severance. Supposedly, this means you'll just show up and your badge won't work: You can have IT issue you a new badge under a new 1099 contract or you can willingly leave--meaning you quit on the spot and aren't owed anything, or you continue to work but as a 1099 no benefit worker.

This info is also based off similar late-stage McKinsey overhauls that have done similar things.

Is there validity to this claim?