Thread regarding F5 Networks Inc. layoffs

Consequences for those who did not meet the 30 day requirement for RTO?

Just curious what the consequences will be for those who didn’t put in their 30 days in the office this quarter. More than 25% did not meet this requirement.

by
| 2421 views | | 11 replies (last February 1, 2024) | Reply
Post ID: @OP+1qh6aT6C

11 replies (most recent on top)

https://fortune.com/europe/2024/01/31/sap-remote-work-return-to-office-5000-employees-letter-betrayed-3-day-policy/amp/

by
| | Reply
Post ID: @Ateu+1qh6aT6C

F5 will follow the same strategy...

"[they] silently sack people without being required to give them severance or announce layoffs. I’ve heard similar tactics being used at other companies–mostly large companies–and it’ll only continue in 2024 as they make decisions that drive short term profits over all else."

https://justingarrison.com/blog/2023-12-30-amazons-silent-sacking/

by
| | Reply
Post ID: @favl+1qh6aT6C

People not going in 30 days a quarter are asking to be called out and either let go or limited in their career at F5. So many excuses….

by
| | Reply
Post ID: @fpwj+1qh6aT6C

stay away. put in 8 hours of daily work. aggressively look for a better company. leave when found. get away from the toxic environment.

by
| | Reply
Post ID: @6zqv+1qh6aT6C

"ineligible for promotion during that year"

yes, in addition to the fact that there are no promotions, no salary rise to cover a tiny bit (at least) of the inflation. Yet, they talk BS about revenue increase, company growth, etc., while paying around 20% less than a year before and asking to work more.

by
| | Reply
Post ID: @4yld+1qh6aT6C

It will probably be something more subtle, like what some other companies (AMZN, AAPL) are doing with their RTO policies. Employee's who don't meet their RTO objective more than one quarter per year will be ineligible for promotion during that year. Or RTO objectives will be part of org-level MBO goals, creating peer pressure from co-workers.

So far no major tech company I've heard of has come right out and started PIPs or termination based on RTO. It's all been more subtle carrot-and-stick stuff. And F5 is lagging the curve there, so I wouldn't expect anything extreme. Though I'm sure non-compliance will put you at higher risk during layoffs.

by
| | Reply
Post ID: @4pfd+1qh6aT6C

" I don't think f5 could manage losing this many workers and survive."

EVPs don't care. They have their parachutes worth millions.

by
| | Reply
Post ID: @2irk+1qh6aT6C

The return to office disaster: https://youtu.be/F6qzqbw7FtQ?si=CsAI1DrKnKp-D2M1

by
| | Reply
Post ID: @2aou+1qh6aT6C

25% of the employees could basically control this policy. Depending on the employee's level of experience/position they could essentially leverage the company into abandoning the RTO mandate. I don't think f5 could manage losing this many workers and survive.

by
| | Reply
Post ID: @1avc+1qh6aT6C

"The firings/floggings/beatings will continue until morale improves”

by
| | Reply
Post ID: @dzg+1qh6aT6C

Pure guess, but based on other observed patterns, I'd say a bulk email will come out early January reminding everyone that there is a minimum in office day number per quarter. After that it'll be a 30 day PIP and then termination.

by
| | Reply
Post ID: @rhw+1qh6aT6C

Post a reply

: