What does it mean if multiple people in your department got an invite for next Wednesday saying Strategic Update from leadership do not forward?
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Post ID: @4hj+1jkh72137
Regarding the 401(k) loan, the rules are what they are, but that doesn’t mean you’re out of options. Don’t let this situation make you feel hopeless—there are steps you can take.
First, call Fidelity directly and explain your situation. They’ve likely handled similar cases before and may have guidance or options you haven’t considered. If that doesn’t lead anywhere, check with a local credit union or bank about a personal loan to cover the 401(k) balance. Since you were already making payments toward the loan, shifting that amount to a different lender might be manageable. Focus on affordability over the long-term details—just make sure the payment fits your budget.
It might also be worth looking into self-employment or small business opportunities, depending on your skills and interests. The Small Business Administration (SBA) offers startup funding, and there may be local programs in your state that provide additional resources. Additionally, if you’re facing job loss, check for unemployment benefits and other assistance programs, including utility support and supplemental aid.
One key thing to remember: any taxes or penalties related to the 401(k) loan won’t be due immediately. You have time to navigate the situation. Right now, your priority is maintaining stability for yourself and your family. This job is just a stepping stone. Use your network, apply to new opportunities (even temporary ones), and focus on getting through each day.
This moment doesn’t define you. You have options, and you will get through this.
@4hj+1jkh72137 I'm very curious about that situation- seems ridiculous for a 90 day pay back if your loan had approved range already. I may be in same position soon unfortunately
Can anyone chime in on the 401k hit I'm taking with this latest rebadge. I am literally already not able to pay bills on time. Single mom of 2 boys. Been committed to the comp. For 13 years . Now being told I have to pay my 401 k loan off in 90 days or be in default or pay the penalties and taxes! I am on fire about this. In between the panic attacks! How can they do this to sooo many of us, it feels so wrong . Can this be right ? I'm disgusted, hurt and so much more but mainly scared of loosing everything I worked for. :(
I got rif'd from Elevance in early May 2024. Took me several months to find a job, but it's a better job and a WAY better situation for me. The upper management at EH is HORRIBLE. They do not care one iota about their people despite the company making billions in revenue. Gail B, the ceo, talks a big game about great culture and accountability, and work/life balance but it's all bs. I'm so much better off away from them. Friends still there are being moved into roles with Deloitte but were told you have 5 days to accept it or you're simply let go (and no severance). They had other layoffs in the MN office and other offices over the summer and over the past month. Used to be decent place to work 5+ yrs ago...not anymore. Corporate vampires from a foreign country (you can guess which one) are largely in the managerial and upper managerial positions, and when that happens, the culture and morale get destroyed, and layoffs are inevitable.
How is PTO handled will it carry over?
< 300 to Deloitte (Phoenix)
< 400 to UST (Odyssey)
? to Kyndrl (Atlas)
supposedly 1000 from Carelon IT are out sourced and not in the US
Deloitte and UST switch is 4/1/2025
Any idea how many associates were impacted by the recent rebadging to UST and Deloitte?
Yeah a lot of us are getting moved to UST
For those who wanna know, if you don’t have an invite, you’re safe til next round. If you have early invite and you know there’s a big crowd, you’re rifed. They are trying to drop 80% and rebadge 20%
Good luck
Well, if some of your department is invited, but others aren’t….probably not good news🥺
Which IT teams/areas are being rebadged? Whole teams or E15 and above folks only?
Probably to announce rebadging. If you didn't get it maybe your safe or maybe you will be rifd. Who knows with these clowns
May we know which departments received these meetings? High-level is ok. Sorry for asking, but getting anxious and worried at the same time.
Impromptu meetings for strategy sessions with leaders from different states. Doesn't sound like rebadging. Another hush hush meeting after all the townhall meetings.
What a garbadge company this is
yeah. some got for monday and some for wednesday. seems carelon offshore folks got it as well
so entire IT out of elv this year is the plan???
Anyone know what are these Mon vs Wed meeting invites are all about. Im hearing mixed rumors that on Monday we would be letting know about rebadging and slowing they will roll out all the impacted associates and elv would still retain some. E15 & above probably…
I got one for Monday. I’m in IT.
Don’t let inept leaders and HR destroy your spirit. This will all eventually turn out to develop character and strength in you. I remember seeing the entire DBA team getting rebadged to IBM (Kyndryl) one morning years ago.
He-l Evan s is being destroyed by McKinsey. May be another competitor is behind all of this.
This is not fun at all! That to on a Friday evening letting these know. I literally pray god that those who are on the invite are safe. God please help!
Got the same type of invite but for Monday morning instead of Wednesday.
Not sure…it could mean the opposite too. May be this is an update meeting for those who are not being rebadged. But at this point, it would just be a guess unless some people leaders can confirm the strategy.
Why only few people in my team got the invite? Does that mean others are not getting rebaded?
UST global is a horrible company that takes too much advantage. Deloitte May be better. But still, this will be more like a forced marriage and nobody will get supplemental pay… RIF is much better option in my opinion.
Im hearing more about rebadging. Either its Deloitte or UST global.
Is this for DPAIO? May be rebadging to Deloitte?
Project Odyssey. Rebadging. Grab ankles for the ride.
I am thinking this is regarding rebadging or those who got this email may be moved to a different team or different manager. I personally don't think a rif email would go out this far in advance.
Your about to be let go more than likely