#rif

You asked, we listened! Our vteam family let us know they wanted to reduce vacation accrual max from 150% to 125%. This gives our superstars more time to set the foundation to play to win. It also helps reduce severance for future rifs which delights our shareholders. I am humbled, honored and energized for all we have accomplished as we continue to build the future at scale - together!

Max cap being cut from 150% to 125% so they can take that off the balance sheet and not have to pay out that additional time when we're all RIFd.

for this month

Any updates regarding rifs in June?

Seems a number of below the radar RIFs happening in a variety of groups. Some higher grades too

I notice the new Pulse survey asks how long you intent to keep working at Verizon for, with no option to put 'until I'm RIF'd'.

Do they seriously think we'll indicate our intent to leave, so they can bank on natural attrition to do Dan's dirty work for them? They're making Verizon such an awful place to work, I imagine a lot of people are actively looking for alternative employment, but why would we share that info with them? I know I won't, and I'm actively looking for a new job.

Yall are starting to scare me lol.

This morning's memo from SK is effectively confirmation of everything we have been discussing. In corporate communications, an executive letter like this is called a "Pre-Announcement Framework."

When a CEO writes a long, weirdly emotional, metaphor-heavy letter (the fishing analogies, "caring family," "peace of mind") to the entire continent, it is designed to soften the blow for what is coming next.

Strip away the awkward language ("gently turn," "beautifully evolve") and look at the cold corporate math, this letter lays out the exact roadmap for the upcoming RIF. And it was painfully obvious.

Found out the executive team now has what is called a RIF week. One week a month will be when all the RIFs for the month will be completed during this week. Supposedly the week for June is the week of the 15th or 22nd. Doesn’t necessarily mean a RIF will happen in that given month, but they are now scheduling them moving forward. Nice to know.
Thank God we already spent the money on that successful golf tournament.

“At this time the company decision is that we are currently unable to rehire any employees that were impacted by the RIF. This could change in the future as we continue to review policy. If so, we will most certainly reach back out.”

Former manager and adjacent manager gave good feedback to HR. Hiring manager was going to make an offer and at the last minute this came through.

I understand that we have to go through a RIF with Engineering and Products.

However, why do we have so many people in HR and Finance? Not to mention the recruitment department where we currently have no hiring to do, yet there are around 50 people in that team. We also have over 90 people in L&D and 100 in marketing, yet we have had to cut roles in Engineering.

Many tech companies cutting the size of their HR departments - even Uber has done so recently. META and Salesforce too.

This feels like a very targeted and poorly thought through process. Arguably, AI is capable of replacing far more roles in these functions than it is in Engineering and Products.

There are leadership meetings here in Jax this week. Yes, the June RIF looks real, but likely around and between 17 and 24 June. I have not heard anything about the teams that may be affected, though.

Any news on this? Have any of these dates been confirmed?

How has this become the new normal?

Read a scary post. Massive layoffs prepared for end of Q3. Polish your resumes.

I actually want them to lay me off and collect my severance. kind of want to let my manager know if he has to pick and choose between people on the team, he can pick me, but I don’t want that to be taken as me resigning and missing out on severance. Best way to handle this?

Rumors are there will be new list coming for layoff every month after June. Main cuts will be in Communication, PMO, Product, Retail, Digital, Engineering, Data, Network, Infra, Observability, Martech and Security.

As an ex Ambetter UM who recently got the RIF treatment, I can tell you no one here really cares about anyone except themselves. CenTEAM is just an internal marketing tool to keep the grunts going. I thought I had made some real lifetime friends here. But after I was given my notice, my “CenTEAM” treated me like I had the plague. I hope everyone who actually cares makes it out as soon as they can

A new RIF appears to be in the works. VPs and above are holding all-hands meetings with Samantha at The Ridge in mid-July. With the ongoing Frontier integration, major reorganizations are expected, along with anticipated RIF activity beginning in Q4. This is expected to be a significant shake-up affecting employees across all bands.

Any ideas?

Close contact in HR told me more RIFS definitely coming and oh, this will be an annual thing. Good luck to who remains.

In all the 20 years Ive worked here ne we felt so unstable or unappreciated. Dumpster fire !

By 'final paycheck', I mean the check that comes a few weeks after your termination date and includes reimbursement for accrued unused vacation time (or, in the case of over 65s, all unused vacation days til the end of the year). Were any medical or 401k deductions taken out of the vacation pay?

More rounds of RIFs are coming at FIS, because that’s leadership’s answer to everything. Don’t fix anything at the top, just keep eliminating positions while our stock tanks and employees live in constant fear of losing their jobs. When are the CEO, CFO and other senior leaders going to be held accountable for the absolutely abysmal state of the business?

RIFS, PAY CUTS, YOU KNOW THE DRILL .....

https://www.abc15.com/news/business/honeywell-to-lay-off-60-valley-workers-ahead-of-aerospace-company-spinoff

Chandler site is rather small more like leased office space. Not sure exactly what went on there but I believe they belonged to corporate and not Aero.

We are always told that we are the safest, but any chance Case would be impacted with RIFs/Layoff?

I’ve been hearing rumors about a mid July RIF coming, but want to know if anyone has heard the same?

Haven't been here for awhile and looking at the postings I am shocked that people are putting up with this mess.

Managers/Directors openly disrespecting staff, threatening them in front of witnesses, making up jobs/roles but not compensating them appropriately, scolding them for not asking about pronouns to members who likely are clueless or will loose their mind at the question, insane micromanagement. and people are just putting up with it.

My Goodness!!! Use your power and the power of the policies posted in Workday for this and start calling it out. Being afraid of being Rifed is turning people into doormats. Stand up for yourself!!!

Follow the layoffs from May 28th, what are the next areas of Optum that will be impacted on the June 25th RIF?

Canon global is artificially propping up the stock value with huge buybacks at the end of May and throughout June. They did the exact same in the 2 months right before the RIF bloodbath in early July 2024.

If CUSA leadership is planning another wave of consolidations—particularly targeting specialized or manual internal roles to make way for the automated, U.S.-based remanufacturing model, the post-July 4th window (specifically between July 6 and July 20, 2026) is the exact historical and operational sweet spot.

If you're trying to gauge the temperature in your department over the next few weeks, watch for mid-June invites to "organizational alignment" meetings, sudden, quiet audits of your division’s specific workflow volumes, or any mentions from direct managers of "proof of life" for your department to rationalize its value.

Question in title. Alleged rumors that everything is supposed to be kept quiet for awhile

The new CEO needs a good run with rifs, net adds, and FWA. When starlink kicks in, all wireless carriers will lose MARKET share.

Well so much for the change in posture with new "leadershits" as folks are still randomly getting tagged and Rif'd. No news, no word, just the same old quiet layoffs to help bolster someone's 10 Mil stock target as a reality and not a bad dream. Exit while you can.

Bell Textron Inc. announced layoffs at its Amarillo facility. Approximately 30 employees were affected by this reduction in force. Company officials stated these actions align the business with market realities. They described the staffing decisions as difficult. These steps are necessary for the company's long-term success.

Amarillo, Texas

https://www.myhighplains.com/news/local-news/amarillos-bell-textron-inc-facility-reports-layoffs/amp/

A few members of our team left abruptly who were close to the senior leaders on our team. We were told their positions will not be backfilled.... Feels like a RIF is coming soon.

If so what dept ?

PFNA has been running an extended behind the scenes reduction in force for several months now. They call it North Star. They are using 2019 headcount numbers as their target for work force reductions. It has resulted in thousands of position reductions. This year they have severance packages if needed to get to targets. There are interim milestone targets they are working against. But the "ZBB" group is going around the country totaling up reduction targets for all sites that will be then be enforced. This is hourly and salaried. Targets for salaried focused on a salaried/hourly ratio of 13:1 or higher; cross checked with the 2019 headcount. It's a top- down, arbitrary number. SOOOO much has changed since 2019. To try and hit that number is ignorant and will result in substantial performance outages. You may as well have targeted 1971! the logic is just as valid. Classic Pepsico compression productivity. you don't need real strategic business plans, just place arbitrary, impossible targets on your field and gut your capability. Indra perfected this predatory leadership. Her protégés don't know how to do anything else. Pepsico has always believed in cooking the golden goose. How Ramon, Steven and others made deliberate business decisions that cost thousands their jobs yet they continue in position is a damning indictment of the board. Where's the accountability? I guess it's the fault of the frontline? Couldn't be the C-suite's responsible? nah, right?

I know OI and OT / ETIPS did...

How concerned would you be about RIF of your role, if your team received a request from your AVP for individual mid-year accomplishments to be sent to them in a doc, 2-3 weeks before the official Mid-Year Accomplishments submission portal is open?
To me, it signals more of a 'why should we keep you' than an official performance appraisal, but maybe I'm paranoid.