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Insult to Injury with 401k with Elevance Health

So, after getting the RIF, if you've been there less than 2 years, you will not be fully vested in the 401K program; if you've been there less than 3 years, you won't see the additional 4% so all that money you thought you were getting according to your Fidelity account is a complete joke.

Your account will show a "forfeiture" for the matched amount. I think some of this RIF mess is to avoid having to match folks' retirement contributions they tout so highly as a "benefit."


Disgusted and frustrated EVPs and SVPs. Please chime in and help your hard working associates

Please please chime in and share some info here. When is the next big RIF that we will bombarded with while the mafia Frankenstein and his minion gang will savor an expensive drink over the rocks in their mansions watching associates and their families getting devastated already struggling to put food on the table !!! Shame on Frank B. and his fcky minions - you all shall be imprisoned. Karma will chase you down , wait and watch.


How much control your leader has when it comes to Rif?

I want to understand how much control a Sr director or above has when it comes to saving their favorites over people who actually work?

I know atleast 5 people in my org who got hired because they are related to so and so leader in one way or another. You can tell how bad they are at their work.
They could not even get hired based on their own capabilities.


Increase to ELV COBRA Payments?

Has anyone heard what premium increases will be applied to the Elevance Health (formerly Anthem) COBRA insurance for past employees (i.e., RIF'd)?

Elevance Health COBRA insurance is administered either by a third-party administrator (TPA) hired by the employer or by the employer's internal HR department. Anthem offers both COBRA (continuation of group health benefits) and benefits administration solutions, though it often partners with third-party administrators like Benefit Admin Solutions or Benefit Help Solutions to manage the administrative details of COBRA.


Sc--wed if you are riffed now and even more sc--wed if you are riffed later

A point I never see get made is how frustrating it is to deal with an even worse job market just because you worked hard. Yes, I might survive the next rif, or maybe the next two, but three rifs from now there will be so many unemployed white collar workers that it would put us in a worse spot. Sc--wed if you are riffed now and even more sc--wed if you are riffed later, really demotivating stuff.
OP: @aa+1k8r4n5xw

This.


The Customer

In every company that I have ever worked for, my focus has always been advocating for the customer, whether that be in new product development, maintenance of existing products, resolving issues that are encountered, or being available when the customer needed help.

I have had the pleasure/joy over my career of having worked at companies that had this same value set. It was vital that the customer knew that he could trust us to do him right

While at F5, I continued the value set of advocating for the customer, however I soon learned that this was not the value set of F5. I continually encountered strong resistance. Premature release of software, software that was buggy and customer sub cases that were ignored to name a few.

Since my RIF, I have interviewed with many companies and to date haven’t found one that places the customer first. It’s about stock price and revenue. And after F5, I choose not to work in that type of environment again.


question of benefits when picked for R.I.F?

I have a question over the benefits that Citigroup offers staff being laid off due to a Reduction In Force (RIF). I have heard that everyone keeps two weeks pay for each year that worked at Citigroup, but are there any other benefits offered as part of their package? What healthcare (medical) benefits are being made available? Only COBRA, or is does medical benefits continue for some time as part of the Garden Leave requirement? How about the bank annual 401K contribution, if I was to be RIF between November 2025 to February 2026, would Citigroup make any kind of contribution into my 401K in March 2026? Thanks in advance,


I was in a RIF last year.

Out of work for over 8 months, and it’s hard out there.

I had a number of interviews where I lost out to an internal candidate…

when I really thought I was going to be hired. I came back, managed to secure a substantial pay increase in the process.

I took the job without hesitation, after being out in a very tough job market. > 50, > 20 years in…. I have a radically different view now of this place.

I’m going to just try to hang on until retirement, I will move afterwards 2 years into a different position, no more loyalty to the area I work in.


Global Payments/TSYS

If you have any questions about GP/TSYS feel free to ask here.
Every town hall we’ve had this year they’ve given strict direction to NOT speak to anyone from FIS regarding the Global Payments/TSYS Issuing divestiture.
We also went through a massive McKinsey overhaul all year and what a disaster it has been. RIFs around every corner and most of us have had the same anxiety about “when will it be my turn” all year. The guy who was leading that effort from McKinsey is now the CTO of GP real interesting how that worked out…
We are not hiring stateside anymore, it’s either India which also seems rare these days, or Phillipines.


Notice

Those of us impacted by the FIS sale, please be aware that FIS is scheduled for a major reduction in force on November 19th. Word is this will include many of us that were hoping for a stable place to land.
The wonderful company we work for is also about to make another cut. Some managers met yesterday, other meetings will be held this week. It doesnt look good. So glad I started applying to other places. I am done with this bs.


COBRA and Laptops for Those Recently RIF'd

I wanted to see if it is me or if HCSC is really that disorganized in getting these two items taken care of for those of us that have been recently RIF'd. I am a REMOTE worker who was RIF'd back on 9/24/2025. I was curious if there are others experiencing the same as me. The contacts we were told to work with keep telling me it is coming.... We are almost at the one month mark and I have yet to get either below via mail, UPS, or even FedEx.

  1. I have yet to receive any instruction from the transition team or IT telling me how to return my laptop.
  2. I have yet to receive any instructions on how to apply for COBRA. We are less than 2 weeks from the end of our medical coverage.

Just curious if others are experiencing the same or if I should begin trying to get the information in other ways.


FLD - You Have A Decision To Make By The End Of October 2025

FLD - You Have A Decision To Make By The End Of October 2025

Do you continue the financial charades to keep the stock price up for maybe another 6 to 8 months, or do you do what is necessary to make F5 a world class Security Firm.

There are many of us that were RIFd over the last many years that would like to come back and make F5 a world class Security Firm.

Wait longer than 10 days and it will be beyond the timeline to make F5 a world class Security Firm.