Can anyone confirm if there are plans to down-level certain bands? Would this down-leveling impact comp?
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@ea honestly, I'm a low-level nobody at this company. IDK how the he-l others got cut over me. They were certainly more involved in projects than myself. It has to be salary based or something.
@ea this is absolutely true! Directors in my department had teams completely wiped out last year and were doing tons of work. Of course the SVPs and VPs weren’t going to cut themselves this last round, so now too many directors who had deep knowledge and expertise are gone. So many were top performers. I knew one who had gotten the highest ratings the last two years in a row before the ratings were removed and who last year put up highest ever year-over-year increases for their goals. Ever! 8 months later, FIS showed them the door. What kind of company fires people like this? Hint: not a smart one!
I am shocked at some of the people let go. These were people holding things together
Earlier rounds took a lot of the bridge supports out, and now FIS is taking out the last remaining shaky pillars
@ap worth noting a lot of those directors without direct reports lost all their teams in the RIFs over the last two years. These directors are now doing their best to keep delivering for our clients and company by doing the work their teams were doing. Often with directors now trying to do the work that 5-10 directs used to do. That is what is not seen in this round.. loosing good people who are doing their best with reduction decisions made previously
@an I know of an instance of this (and we might both be thinking of the same person), but that was a situation of 'you can move to this job to be 100% safe from these RIFs or take the risk your current job won't be impacted'. Routes like that were suggested to many directors.
Very likely to down-title while keeping the same pay, but changing the pay band to align with the new lowered title. This would likely mean that people will be high in or above their pay band which will have them towards the top of the list on the next RIF spreadsheet.
Yes the program is called internally organizational health. This is for titles. I don’t know about the pay.
Your compensation is contractual.
They can’t just reduce your salary whenever they choose, that would be a simple breach of contract.
Instead they would have to compensate you into accepting/signing a new contract with a reduced base salary. Eg with a one time bonus, or alternate perks like increased vacation days.
Fire and rehire is another route but brings its own set of complications and obligations.
This is why companies these days prefer fixed term contracts. Open ended contracts are better for employees - your contract is very valuable.
@ap hahahaaaaa
Yes they will start with the CEO
@an I see lots of directors without direct reports already! Directing the wind I guess
I saw someone go from Sr director of product dev with 20 reports to account manager specialist to 0 reports
I have heard the same. Trying to flatten the organization. They did get crazy over using the ‘Director’ title. So I can of understand that