Top Secret…. VBO is now a serious potential maybe.
Secret Squirrel
13 replies (most recent on top)
@e8 to be honest - there really shouldn’t be any VPs that are individual contributor or people managing fewer than 10 people
@ew IC = individual contributor, meaning not a manager. This is an acronym used across the corporate world btw.
@ew Investment Consultant
@e8 What does IC stand for? (New employee question)
It is coming!
@e8 This might be true but we don't know what their target numbers are and if those tactics will get them to where they need to be in their desired timeframe. I wouldn't think they'd do one but look how quickly they did an about face on RTO, the same could be true for something like this even if it's not exactly like what they did in 2017 and 2021. None of us really know what's being discussed behind the scenes at that level.
There will not be a VBO - they are going to be demoting a bunch of IC VPs in 2027 and looking at that to force some attrition combined with RTO attrition - VBO is a thing of the past, we are in the RIF and demotion phase.
@ah the current retirement package isn't very good. Hopefully they do a VBO, but if they don't at the very least they should consider improving the retirement packageif they want to entice more senior people to leave and free up office space for RTO and create more opportunities for early career associates
Even 2 weeks per year is better than the current retirement package.
Man. I've got about 10 years left til I can comfortably retire, but I'd leave tonight if I were offered 3 to 4 weeks per year and the option to stay on insurance until Medicare age, then go work at one of the car washes or burger joints that beat Fidelity out on the Glassdoor list.
Really? Do they need to get rid of everyone who loves RTO as well as those of us leaving off the back of broken hybrid promises?
gonna need a lot more than a few weeks per year worked
I know better than to listen to a super secret squirrel, but I am here for the optimism.