#rif

Not going to lie, I was looking forward to it. I really don’t wanna go to work tomorrow for this company that has no direction or values.

This comment from a Fidelity spokesperson gives me pause and makes me wonder what the median age of those impact by the RIF is.

I’m 52 and was laid off last week. If you were laid off, share your age below.

“These changes are about getting the right combination of skills in place for where Fidelity is headed, including creating more room for early-career, hands-on engineering roles and streamlining senior leadership layers,” a company spokesperson said in a statement. https://www.masslive.com/business/2026/05/fidelity-to-lay-off-800-workers-but-hire-thousands-more.html

Hiring new people without giving them proper training after a RIF of a hundred others. You think strategy within CenterWell would learn, suppose not. VP of this group is cold and has no grasp on the new program. She does not care about concerns and only about the agenda in hand and won’t accept feedback,

Hope everyone is ready. VP here from LEGACY (not Heritage) TSYS... benefits will be changing next year. Expect changes with time off packages, 401K match, hybrid work (full RTO), and substantial increase in Healthcare costs. You heard it here first.

This company is a total mess. Precisely why I am included in the next RIF in July.

If you’re over 40 and you were affected, you will be receiving a list of those included in the layoff and a list of those not laid off. Not with names, but with titles and characteristics. It would be interesting to hear how many associates are on your layoff list.

Here’s what should be in it:

Mandatory OWBPA Disclosure (for Employees 40+)When a reduction in force (RIF) involves two or more employees and a severance waiver is requested, employers must provide a written document containing:The Decisional Unit: A description of the specific group, class, or unit of employees that was considered for the layoff (e.g., "all employees in the Accounting Department").Selection Criteria: The eligibility factors or criteria used to determine who would be laid off and who would be retained.Job Titles and Ages (Selected): A list of the job titles and ages of every individual in that decisional unit who was selected for the RIF.Job Titles and Ages (Not Selected): A list of the ages of all individuals in the same decisional unit who were not selected for the layoff.

If any VPs or EVP are in this form. Please please and please request Dan to do everything in one single go and stop these RIF. People's are mentally challenged everyday by listening to rumors and fake news. Be bold and if Dan requires customers to be his first priority then give employment to his beloved customers and run this company with customers and remove all employees ( Onshore and offshore)

I don’t get why there are so many trolls here. Why would someone in their right mind share their name, supervisor, or personal information just to prove whether something is real or not? Why risk jeopardizing their severance or employment situation just to satisfy random people online?

To the trolls, please stop. People’s lives are being impacted here. If these reports are true and people are seriously being affected, I genuinely wish you all the best. No one wants to lose their job.

So far haven’t heard of impact at NV. Could this be because an ongoing audit this week? Is RIF still possible next week?

I know of three people in GNC that have been informed that they are impacted. It's real and it's happening today. I am in GNC, and not a bot or a troll. Been at VZ for 20+ years.

if you dont know what that means you are a troll or too young at VZ to know anything about RIFs

Has anyone heard if CSS in brokerage is being impacted? If so, do you know what sites? I’d like to think not as they just told us RTO is coming and I don’t see how an immediate RIF makes sense when it’s clear they want to see people quit rather than RTO. It’s also a client facing inbound role for managed accounts. But, with all the changes the last couple years aimed at attrition and seemingly preparing for this moment, who knows…

Side question, if someone is laid off and has unvested shares, do they pay those out to any degree?

There will be no reduction if force tomorrow! It's all made up! This board will be dead silent tomorrow because not layoffs will be taking place at Verizon. Yes, there will be some that will claim they have been laid off but will not provide any proof of it, such as department, directors and mangers names to back up their claims. I'd bet my entire life savings that anyone that claims they got layoff tomorrow will not state anything to prove they did.. they just will come here as post just to show on the board there were layoffs. I am the person that started this entire May 7th date just to see how many legs it will have and wow, it has many! My advice to you all, really... find something better to do in your life!

what is the reason they have in the script for the RIF ?

New direct labor ZERO OT policy is an operational disaster waiting to happen. It wasn’t built on output data or bottleneck reviews, yet site leaders are threatened with performance mgmt if deliveries slip. Requiring personal approval from unresponsive executives for every labor exception isn’t management- it’s creating a bottleneck in itself.

Any word on how many?

I know we're all scared, I am too, but don't take what you read on an anonymous forum at face value.
There is no firm proof. Saying "I'm a people manager" anonymously is like saying "my uncle works for Microsoft" on Xbox live.
Fact of the matter is, if you are on a list whether it exists or not, there is nothing you can do about that until it is communicated to you allegedly in 2 days.
If you want to plan for the worst, great, not a bad idea to have a backup plan regardless of a RIF. Please don't let anonymous Internet posters scare you into getting sick over a possibility. Take a breath.

Do we know anything?

Will there be any more RIFs in Value?

My understanding is there will be another round of layoffs end of this month with the end date being middle of June. It is possible it slightly gets pushed back but from what I’m hearing they want the list locked and announced end of month. Optum insight and optum health for sure will be impacted.

Have that resume ready. It is
Not your fault. You all deserve a better company to work for.

Like many folks at Fidelity, most people don’t have a separate QCI meetings but those managers randomly schedules a QCI this Thursday can only mean one thing. RIF. The RIFs have been verified by multiple sources who have access to high level management. I got the random QCI invite this morning which coincides with managers getting the list of people on the list. Stay strong. Nothing we can do but move forward and hope Abby can catch up to the 3 trillionaires in the world while destroying countless families who have elevated her there.

The consensus seems to be this Thursday. I haven't heard much beyond that. If the rumors are true, does anyone know which orgs or roles are on the block?

And more next week? Is that the actual timeline? Just piecing together rumors and posts.
Good luck to everyone.

Following up on a previous post about Directors being required to list what they do to earn their paychecks. Anyone heard anything new on this? "Was asked to put in four bullets what my role is with metrics supporting it? Can’t say “Oversees” or anything high level. Is Director level being hit next?"

It seems like the roles impacted are only tech and agile.

What would be the reason to bring the whole company back other than phones, if there’s no RIF impact?

Based on what’s posted here if there’s so many groups with zero impact. Why make everyone miserable just to slash tech?

The July action will be the biggest reduction in force to date.

What do you think that means after 13k rifs. More rifs!!!

The concept of “reverse diversity” came to me during this chaotic RIF and ReOrg. Apart from architects and data scientists, it is the third problem Fidelity must fix.

If you have a team with 100% African Americans in tech, it’ll be odd. 100% African Americans in an NBA team, not odd. 100% whites in a tech team? Not diversified but also not odd. How do you rationalize the oddness of team diversity?

• Merit. If a team is not diversified because the only talents is from one origin, it’s not odd.
• Population. If a team composition (roughly) mirrors that of the population, it’s not odd. That’s why a 100% white team is not that odd in a white dominant society.

With this understanding, now think about the 100% Indians teams? (Of course I'm exaggerating to make a point but not far from reality). 100% Indian teams is such a commonplace in Fidelity tech that it’s not odd at all. There lies the problem.

• Are all the Indians on the team “talents”? Certainly not! Most are average or below average hired by fellow Indians.
• Are Indians the dominant ethnicity in America? Certainly not! A population minority dominates Fidelity tech.

Hence what we need is reverse diversity. Those 100% Indian teams need to be diluted to make them roughly mirror the population outside of Fidelity tech.

My department has a lot of deadweight and has been toxic/hostile since the start of the pandemic. I was hopeful there would be some clean up with the RIF but it doesn’t seem like we’re part of it since most of us are low level.

The head of my department appears to have been publicly demoted but that seems like the only impact. We’re back in the office full time but we’re not developers or project manager. What’s the point of us going back full time if the in office weeks will stay the same?! It’s impossible to get work done in the office because of how bad the culture is.

I’m kind of devastated. I was honestly hoping for better days after how much of an impact the last few years have had on my health.

Abby, you win. I am going to try to leave. I woke up thinking about how bad things are.

Anyone lose their jobs in credit balance? God I wish they would lay me off.

Checked with claude, they may save $600 M per year ongoing basis if they get rid of 10 percent people.

They are paying double for Mainframe and Cloud. Also schwab is much leaner at just 35k employees.

They may want to hire talented developers who recently laid off from Amazon or Meta.

Confirmed 5% RIF including Dinosaurs who would be forced to retire.

I don’t think there’ll be massive layoffs. Big ones are in the news like Meta dumping 8000. This is not a big RIF. My dept is barely hanging on with work we’re so slammed, so there’s no way there’s cuts. Not at the level going on here with speculation.

Anyone have info on how long they will give those who are laid off to stay in their role? I know sometimes it’s security walking people out that day, other times you can work for a few more months while you try to find another job.

I was told Architects are so special and loved by sr leader that they always survive RIF

long time coming?

People are getting informed now if their role has been eliminated.
5/5 will be official announcement.

Some are saying RIF’s are BS. I believe the opposite.

https://www.lightreading.com/ai-machine-learning/ai-mad-verizon-to-continue-with-cuts-after-ceo-s-jobs-warning

... are a sign of impending RIF. Anyone seeing meetings or L3 travel abruptly cancelled?