#reduction

Posts mentioning hashtag #reduction

Below are all the posts — topics as well as replies — that mention the hashtag #reduction.

Mention #reduction in your post to continue the discussion!

Non-Compete and Severance Clauses

For those that are impacted by the reduction in force, please check or have someone go over the severance agreement to see if there's a timeframe set for a non-compete clause. This would include verbiage regarding a timeframe of which you may be illegible for employment by a similar company offering a similar or slightly different role. While some states do have limitations on this, please exercise due diligence.

Example: You may be barred from working in a telecom or similar company for a period of six months before they would consider hiring you. You would go through the whole interview process, but then get hung up during the final selection due to this.


How They Decide Who Goes

•••
First they look everyone who has active corrective actions such as PIPs, verbal, written, and final warnings and attendance issues.

Then they look at who on the team is rated as high potential, emerging talent, high professional, valued contributor, and low potential. Half you probably don’t know about these rating bc your supervisor is NOT obligated to inform you of this rating but you are given this rating each year.

Then they look at 2024 EOY rating such as developing, achieving, leading (the ratings your supervisor is required to disclose during your EOYs and mid years) as well as what you have been rated thus far for 2025.

Then they will go off historical performance and what your direct supervisor or AD has to say about you and their personal input.

They will not use any of this data at all if your position or location has been RIFd entirely. And therefore you are susceptible to still being let go if you are and have been a high performer.


Drama movie

You all will be very disappointed very soon when you find out you are expecting a Drama Movie and the movie ends being a comedy....live on. There will be big changes and the normal EOY sheet cleaning but nothing extraordinary like you all falsely claim here....believe me not?....wait and come back here in two weeks


purge to Compliance forthcoming?

Is there a major round of layoffs about to hit the compliance department? Dan Veale, the global head of surveillance was reassigned to a far less prestigious area of ICRM. Jennifer Taylor, the Chief Compliance Officer of a major unit, has not been seen in the office for weeks. She also no longer has anyone reporting to her as per the global directory, of where till recently had. The Jersey City location is filled primarily with compliance officers, of where Citigroup recently fired a WARN Act with the state of New Jersey, that the bank intends to layoff 70 staff in that location the first week of December. In summary, the combination of an official WARN notice for a location housing compliance staff and the apparent elimination or reassignment of two senior compliance executives makes it highly probable that a major reduction in force is targeting the compliance department. Anyone else observing possible pre positioning ahead of a major change?


Upcoming Year-End Workforce Reductions 2025

Layoffs are anticipated before the end of the year, with WARN notices currently being prepared. The expected rollout includes:

Phase 1: 1,000 employees on October 20, 2025
Phase 2: 1,100 employees also on October 20, 2025
Phase 3: 400 employees on December 15, 2025

Employees may begin to notice subtle behavioral shifts in their direct supervisors. These may include unusually warm and supportive interactions such as increased check-ins, inquiries about personal well-being, family, vacation plans, and offers of help with professional goals. Communications may take on an exceptionally friendly tone, both digitally and in one-on-one meetings.

Such changes often signal that decisions have already been made at higher levels. In many cases, managers are aware of selections made by the layoff committee or may have submitted names themselves to leadership for consideration.


This message is not intended to create fear or panic. Instead, it is a call to awareness and preparedness. If you notice similar behavioral patterns from your supervisors, take proactive steps: begin updating your resume, reconnect with your professional network, and ensure your references are current and accessible. Staying ahead of the curve can make all the difference.



Writing is on the wall!

Fifth Third Bank has officially acquired Comerica, marking another significant move in what appears to be a growing trend of regional bank mergers under the current U.S. administration. Industry analysts expect further consolidation as economic pressures and regulatory shifts continue to reshape the financial landscape.

Meanwhile, Truist is undergoing internal restructuring. Sources indicate that between 500 and 700 contractors were cut last Friday in Digital and Technology divisions. While the company cited "policy concerns" raised by its legal department, insiders suggest the move was primarily driven by cost-cutting objectives. The timing coincided with contract renewal periods, and many agreements were allowed to lapse without extension.

Additional reductions are on the horizon, including cuts to employee benefits, further contractor downsizing, and full-time staff layoffs. Truist has faced ongoing challenges in the market, with underwhelming stock performance fueling speculation that the bank itself may become an acquisition target in the near future.


Gartner layoffs beyond Talent & Acquisition at

I can confirm there were layoffs well beyond TA, as I was part of group more than 110 research support staff that were unceremoniously informed that it was their last day at Gartner and given less than 24 hours to download their paystubs and say their goodbye to their colleagues. It was truly a brutal and emotionally devastating experience.


Berklee Layoffs Include 70 Employees

Berklee College Of Music has made some big changes to its staff.

Amid shifting policies and rising costs within education, the school said they laid off 70 employees.

Berklee has confirmed to WBZ NewsRadio that the reduction in staff made up 3% of their employee base. No faculty positions were impacted by the layoffs.

https://wbznewsradio.iheart.com/content/berklee-layoffs-include-70-employees/


Wonder if the layoff will ever update the site...

About Union Pacific Corp.:
The Union Pacific Railroad is a freight hauling railroad that operates 8,500 locomotives over 32,100 route-miles in 23 states west of Chicago and New Orleans (as of 2016). The Union Pacific Railroad system is the largest in the United States and employs over 40,000 workers. The company is one of the largest transportation companies in the world and is headquartered in Omaha, Nebraska.

We are now about what 28000 employees... maybe? And they HAD 8500 locomotives, they only are running maybe 3300? How many are stored broke or have been sold off?


Bloodbath in Global Functions today (for Group 1 - AMER)

Worst day in the history of this company, most of the people were laid off - global functions, AMER region.
Half of the people who got the letters have time only till Jan 23, then they will be laid off.
For rest handful of people, package is same, rest benefits go down, specially the bonus was reduced to less the 50% of the current one.
Curious case, a web marketing leader with 13 years was laid off, in comparison to a leader who just joined the company in July.
So much politics, so much biasness.

For Group 2 and Group 3 - leave while you can, only those will survive who are good at licking.

RR sold this company, sold the lives of thousands of people, shame on him.
worst CEO in the history of this industry.