So.... y'all told us about 8 weeks ago that the Compliance org cuts needed further review and we were told back then that in 6 weeks we would be hearing about the layoff decisions for our org. So.... dead silence, no updates, no communication. Anyone over here heard any updates from leadership yet? Any new timeline? We all know it's coming.... pretty cruel to keep us waiting to find out if we have a job or not. Especially practically right before the holidays now. And some of us noticed how the HR doc used to say if you made it to Oct 1 and then were laid off, you were entitled to your annual bonus. But the links on Workday that were sent with the assessment reminders clearly said if you are no longer employed on the date the bonus is distributed, you are ineligible to get it.... Would be nice to know what is happening to us in this org....
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Would be pretty funny to have it change from "how many people can we cut" to "we need to hire more people and pay them what?"
I was told by a well connected person within the org, that the external assessment company was taken longer than expected. The 6 weeks would have been Mid October. Anyway, between taking longer and Black Friday + Christmas holidays coming soon, the decision would be made next year. No idea whether there would be layoffs or not.
So what you're saying is that rumours on here turned out to be BS? Shocking...
Been told to expect sometime in January for the consultants decision for compliance, for whatever that's worth. Notably didn't say 2027 or 2028 or when he-l freezes over
I'm not surprised. Compliance and Risk is a total mess. None of the Risk/complaince tools works properly. The System or AI or what ever you want to call it is simply not up to the task. They bet heavily on AI to recognize documents, however the documents do not come in a world wide standardized form. The issue is that no one has said anything over the past years, they where all congratulating each other, no one wanted or was allowed to be negative or ask particular questions it seems. Now the outside company is telling them finally the truth.
I was laid off on 8/31, official today. I received a prorated bonus along with severance.
The external consultants have apparently shown them the mirror on their overall risk and compliance systems. Don't think layoffs will happen for next few months at least, if at all.
@OP you'll get a pro rata AIP