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ISP packages

I wasn’t eligible for VSP. If RIF’d, what can I expect? There’s nothing in policy any longer surrounding severance. Will I even get a couple weeks work of pay for just under 2y of service? Anyone have historical knowledge?


Chances

Should we assume those who were NOT eligible for the vsp are safe?? Seems like the only ones affected are the ones with vsp offers?? I also assume that if we’re not laid off we will be dealing with the fault out. But im PCC so idk how IT, or any corporate roles would impact me


UMV Organization is going to get RIF'd senior leaders leaving

Heads up: if you're on UMV, many of the senior leaders are leaving. This is one of the orgs that will get RIF'd and moved offshore with Cognizant contracting.

Leaders who took Voluntary Separation Package

Kristen SVP,
Nicole VP,
Jeremey VP

and many other managers and engineers.

Maybe they know something you don't? If you don't have a plan, start planning now.

https://analyticsindiamag.com/ai-news/cognizant-lands-centene-mega-deal-worth-over-500-mn-report


Offshoring Medicare - just announced

Just had a department meeting, they are offshoring Medicare bus ops. made it sound like enough people took the VSP to offset lay offs but also said they didn’t know and it was above them. They claimed the VSP was a separate initiative from this and the “timing aligned” not sure how it aligned when this news could have made people choose the VSP. Not sure why they would wait to announce this after the VSP deadline. 13% of bus ops took the VSP they confirmed. Stated they were going to move people into new positions within the next few weeks which ironically aligns with the RIF date. Good luck everyone and congrats to those who accepted the VSP and it worked out.


Where my partially meets folks at?

I got a partially meets for the first time in my career based on very shaky reasons that didn’t reflect my work or feedback. Anyone else in my boat? I’m assuming this just makes me first in line for RIFs, but is it an automatic de*th sentence? If my part of the business isn’t hit will I be let go anyway? Obvs no one is psychic, just wondering about lived experience.


Who goes first RIF or VSP

I'm not sure who knows how some of these things work but the VSP gives the company the ability to plan a org flatten and restructure over time, that's the "Long Term" plan.

RIF is the big cut

So..... The order of things
Phase 1
String this along, a percentage have already and will just quit (voluntary attrition is best and cheap)

Then kick off the plan.
Step 1 - VSP notifications and dates are final
Step 2 - Month or so, after a period of time to give people that are not happy with their VSP to just quit on their own. (again voluntary attrition is cheap)
Step 3 - Some point around the month you'll see a sizable RIF to scoop out the undesirables that didn't take VSP.
Step 4 - Long departure dates, the workload will increase, metrics ill change, micro management will be the theme.


Severance Negotiation During Recent Industry Layoffs

With the recent layoffs and RIFs across WPP, Publicis, Omnicom, and the broader industry, I know many people are navigating a difficult and deeply personal moment.

For those who are comfortable sharing, were you able to negotiate any part of your severance package? I am particularly interested in whether companies showed flexibility around severance duration, benefits coverage, bonus or commission payments, equity, or the timing and terms of separation agreements.

No need to share anything confidential or identify yourself publicly. My hope is simply to help people better understand what may be negotiable and advocate for themselves during an already challenging time.


Confirmed: Supporting Function layoffs

Hot off the presses. Not really the presses; I found this out by accident via a careless senior employee. I’ll leave it at that.

Supporting Functions (Finance, HR, Legal, Gov. Affairs, Administrative Services, etc.) will see a RIF action. No timeline was mentioned. Names were not stated but roles were. Obviously I’m not going to mention those role titles because you can tell many of them are only held by one person. Eg if Nike has a role called “Director of Currency Transactions in Latin America” that probably means one specific person. I made that example up but you get the point.

It appears that like with prior layoffs there’s an emphasis on higher level roles. My surprising takeaway was the number of Director and higher positions in some of these orgs. For example one of these orgs is about 50% worker bees and 50% Directors or higher! This matches what I’ve seen in some Nike orgs where they became top-heavy when times were flush. Can’t have ten senior managers overseeing ten actual workers.

I can’t say I’m surprised. With a few exceptions I believe Supporting Functions has mostly avoided layoffs so far. It was going to be their turn eventually. Especially with those orgs that are top-heavy.


Sociopathic VPs

Is there a requirement for VP's to be sociopaths? They seem to be required to lack empathy or remorse and engage in manipulative behavior to achieve that level.

It is truly disturbing to watch them in action.

I think the annual RIFs are some kind of sick psychopathic game they love to play on us to keep people in line. It must give them pleasure to destroy people's lives year after year for no reason other than to advance their own career.


New CHRO

Beware the new CHRO Samantha H
My hubby works for Verizon n says she smiles big n projects positivity n then will turn around and RIF hundreds of y’all
If you have a chance, bask her how many people she layed off at Verizon
She and her people are notorious for retaliating against employees too so be careful


Rif'ing for more execs

Viasat logic = hire/promote more execs and lay off the "little guy" and make sure that those left behind work the job of three people for "market value" pay.... yeah right. This place is such a joke.