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PSA: how to check if you're on the RIF chopping block

I can confirm a method to see if your role is impacted in an imminent RIF: Go to your HCM Service Apps > Personal Info > My Compensation and look at your "Effective Period."
If it has changed from "Ongoing" to a specific future date (a week or 5 days from now), that is very likely your termination date. This is exactly what happened to a colleague who was just laid off.
Has anyone else verified this? It seems to be a reliable early signal.