#rif

Seems Apr 30 RIF was all just rumors.

hi,
Hoping anyone impacted today might find this thread and post whatever info they can for the rest of us anxious souls.
Good luck everyone! ❤️

Over hiring in past 5 years
AI is coming
Space is limited
100% in office is coming
RIF coming to go back to headcount 65~70K

in all the chaos today there are now rumblings that with RTO impacting the campus, boston dev ops is first on the block

The rumor-mill has been surging - lots of people in Santa Rosa and one of the Galway sites (not Parkmore) are having a lot of anxiety. Everyone is talking about it, but no confirmed sources. Speculation is some announcement May 4th-6th.

Thoughts on recent all hands and VS future with hopefully F2 and F3 operational?

Are there any specific performance review for leadership? Rooting for RIFing Girish?

Are all of them who have been given 4 (no pip) this year and rif'ed later are ineligible for rehire? If anyone is hiring manager here confirm it?

When do you get the meeting invite from your manager? How long does the meeting usually last?

not till monday, make us suffer over the weekend?

just for the 'fun' of it?

at least MD gave the all clear for riffs on Tues, then we at least knew we had a job, lateral move, in some cases a raise.....but this nothing till Mon?

guess we wait.

seriously this place....

Some true RIF, some positioned as "remote roles no longer remote, take it or leave it". All areas of company affected.

If people donate to the PAC do you guarantee they don't get RIF'd?

Sounds like all departments in both companies have been told the last two levels of Orgs will be settled in late May through June. This means mass layoffs at this time. Curious if anyone is being told different, later in the year etc.

I know some at the Director level are not being retained and are already aware

Are the RIFs really expected to be worse than usual? There’s always some level of reduction in force, but a lot of what’s being said doesn’t seem grounded in anything concrete. It’s hard to imagine them cutting a third of OI or Health with so many active projects underway. I also haven’t heard anything from our controller or VP that would suggest cuts on that scale, nothing. I wonder if they pull names out of a hat…

Anyone hear anything about SAI? RTO or RIF?

One rumor was May 5, anyone have a good source one way or the other?

Be homest how many of us really want to get RIF we this point? I mean 100% seriously, not just joking around saying it. I do! haven’t yet told my AD, as I’ve seen it make no difference because AD will always pick the low performers over a strong performer that’s asked for it. They do what’s best for them only.

Heard on the grapevine Hugo is being moved to Parkmore Galway and the other Facility in Galway will be closed. A lot of good people will be on the chopping block. Every year there have been RIF’s but this year will be the big one.

Anyone know if home and community or house calls will be impacted?

Please drop any WellMed RIFs here!

Brokerage, Wealth, WI, PI are all under WEALTH as a BU.

Back in 2024, they split Wealth into Personal investing (PI) and Workplace Investing (WI) that had some impact and layoffs.

But the move did not make sense long term and hence with Emerson's and Bob's move Brokerage, PI, WI are again considered "Wealth" as a one BU and there's push to consolidate operations that do similar work.

With that, there will be obviously some redundancies that will be introduced.
Some slackers who have been coasting for years, will be exposed along with managers pets and those managers who are responsible for encouraging these pets.

Majority of these "pet owners" tend to be CL and GCLs, not just in Wealth but across company.

What's unfortunate is that there are some chapter leads who got "lucky" and are now "Engineering leads" but still promote favouritism.

It all stems from their own insecurity, they downplay achievements of high performer pushing them to deal with all sorts of stress, anxiety and uncertainty.

They will talk big game in the face but seriously lack basic documentation skills.

In two weeks, a RIF will take place at WI ,Wealth & Brokerage. The SL/CL roles will be combined, and SLs will be asked to assume G8 positions. GCL roles with fewer than 8–10 direct reports will be eliminated. In most cases, GSLs will take over the responsibilities of GCLs.

Very nervous about the next two weeks. Anyone know the potential impact to SL in WI? My group is thin so it’s baffling to think we will be impacted.

How many years does one need to grow a company? A lot of people have been RIF’d due to age, pay, or non-performance.
I had to perform each year! I did not get 5 years to show if I’m worth my salary. And did not have a parachute of $42m to go away either

I say the experiment is over, let Sarah and her C-Suite go and find a true leader and visionary. Not a glorified data analyst.

rifs strategy team with impossible plans and centers losing staff daily...is this whole thing planned? carson and welsh is coming to cash in soon. then why buy more clinics? anyone know more? rumor is more rifs in july

Here is what I don’t understand. All reps and managers come on here to complain knowing that with this regime nothing is going to change. Look at the East same d-mb VP and same d-mb senior directors. They are a click. They hire people that will not rat them out or people that will not question their poor leadership. None of them have 1 leadership bone in their bodies. Ask any of them about their plan to lead their teams. It’s all calls and pips and write ups. The funny part is she said on the all managers call you need to inspire your reps. Bit.. you can’t inspire your yourself. If there is any real leadership they would all be gone now. I’ll keep this job till I find something else or better yet I hope I get riffed.

First, if you were laid off or soon to be laid off, I’m sorry that it happened to you. Unfortunately it’s a sign of the times.

In 2024 the RIF happened to me, I’d like to offer a few few suggested next steps to guide some of you through this process. This is just one person‘s advice, so take it or leave it at your leisure.

1.) Take some time to process your feelings. You will be hurt and angry and a whole bunch of other feelings that you may think would never happen to you.

2.) write down as many projects and details as you can remember in a notebook. You’ll need this for resumes and interviews later. You’ll also be surprised at how much you tend to forget once you no longer are in the day today rat race.

3.) if you’re eligible, get to know about the unemployment insurance process. Note that you’ll have to make a appearance in person and get approved before they start your benefits. Also, this can only happen after your last day at Nike. Learn the process now and prepare accordingly. Know that unemployment payments are really not gonna amount to much, so don’t count on them helping you cover all of your bills.

3.) your severance will only be taxed around 20%. You think you’ll have hit a windfall, only to end up owing a bunch of taxes next year. Don’t spend it all and make sure to save some for taxes. In fact, if you plan to get another job this year, more than likely, you’ll end up owing taxes next year.

4.) brush up your résumé even if you don’t intend to get a job right away. That act of realigning your professional documentation will help you get your ducks in a row.

5.) start leveraging your network now, ensuring that you have a strong support system, as well as ideas of next roles.

6.) don’t get a job right away. Take some time to de-corporatize yourself and spend time with family and friends. Try not to blow your severance as you’ll be relying on this to help pay bills during the time you’re unemployed.

7.) stop reading this job board, it’s only gonna make you more depressed and angry. If you’ve been laid off, there’s nothing you can do about it…accept the situation and move on (somehow).

Good luck!

SD just told me that on May 7th there will be a RIF and it will be 10% across all markets and bands, AI driven. I will be out on sort term for 60 days and wanted to know if I will have a job to come back to. My SD said I am good but their will be a 10% RIF on May 7th and a few co-workers might not make it so not to be alarmed when I come back. Good luck all, and May the force be with you all!

Everything with WI is re-orging. I heard first week in May it’s announcing and paired with a RIF. Mostly affecting squad and chapter leaders.
OP: @b3+1kpv2g06d

My useless manager is getting riffed wef June 30.
He was totally useless. I need to tell him and executive team about it.
But I am too nice to tell him before he leaves.
Any suggestions?

Anyone know if WM Tx Will be hit with RIF next week?

They had layoffs on March 19th, cutting just under 100 people, again yesterday April 23rd and rumor has it there will be another one on May 22nd. Under 100 means they don’t have to disclose anything and keep on going.

Lake Mary will close the 2nd and 3rd floors. Probably be told to work from home and then rifs after that.

Between Ai and Ai and TMI we it’s coming to a close.

Thanks for your candor.

Update from Dan notes that the bone tree office is no longer penetrating the market, so this office is confirmed to be closing. All employees moving to previous WFH model, and then RIFs determined at an “unannounced” date. Sounds like there will be some consideration regarding the amount of candor an employee demonstrates.

Just looking for some clarity:

What offices are closing and which date is the actually real for a rif. Either way I know we will have a big one prior to October due to the Stock Award being given that month. So obviously VZ will need people not here prior to that month. So Q2 or Q3 rif is in play. Will VZ wait till Q3 or is May actually for real?

1) Rumors site starts getting more and more input/traction.

2) Big news media start noting potential layoffs possibly leaked by Dan and or his communications team. This lessens the blow when they actually happen internally and also starts painting a picture to the market. (Dan just noted AI will result in 20-30% unemployment for companies

3) Teams notified to work from home a week prior to the layoffs.

4) During a payroll week, Mon/Tues for Senior Directors and Thursday for the rest. The expectation amongst many well connected is Thursday, May 7th. VPs and higher are probably Earnings week w NDA. Probably will be same 15 min script for those impacted starting around 9am. And then all hands for folks remaining around 11am.

What else trends are anticipated here?

For everyone stressing about losing your job, stop worrying and start planning.

When the Marcus massacre hit in August of 2022, I knew we were entering a new era. Right then I made peace with the fact that none of us were safe. I went into uber saving mode, paid off as much debt as possible, didn’t make any large purchases like cars or houses. I just saved!

Fast forward almost 4 years, I survived countless “reorgs” , staff reductions, etc. watched lots of friends and coworkers leave for no good reason. My luck ran out and I was RIFd a couple months ago. I’ve taken the time off and relaxed, it took a couple weeks for it to really sink in. But once I had purged the toxicity of that place and could see it for what it really was, I was happy.

I drive my kids to school every morning, work out every morning, drink coffee and read or listen to music. I spend an hour or so looking at job opportunities. And also thinking about going back to school because why not.

Don’t stress, just make peace that you’re going to get hit eventually. Save, Save, & save and be prepared.

Any idea how many and which teams are impacted? They reorgd our entire engineering teams and i heard massive layoffs are coming on 30th and again next month, with 4 rounds planned as contact center is generating dozens of millions of overhead losses each year and on top of the list for 2026 cost reduction. Our VP jumped ships leaving us in a deep mess, TBH he was an a--hole and a nasty red neck type snake with a foul mouth. All Sr directors and above have been asked to provide a list and their bonus will be determined by the cost savings and offshore ratio they can show. My wife is close to a Sr director even he doesn't know how many but provided a vague explanation while asking her to compile a list

Pls list any department or area with active RIF’S . Maybe we can see a pattern ?

May should be interesting with the big exodus. Who will be out?