It’s absolutely a cr-p move to have moved the RIF to Friday to persevere the Thursday town hall day for Gail. Why put everyone through that, just to be RIF’d off.
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Elevance Health did more layoffs on october 18th as some people were let go on teams i know. Thisis in addition to the August 8th layoffs
A manager actually told you they are using Work IQ? I had suspected as much it seems like sometimes there’s a moment where the screen goes black for a second and then everything goes back to normal or have a huge lag. I wonder if that’s when they’re taking the screenshot.
Look at the stock. We rifed a bunch of people and stock went up. This is why we rif and rif and rif. We. Are. Always. Rifing. Q3/4 is when we initially freak out about the next year and rif larger numbers of people. But then, we do another larger set in Q1. The rifs are constant, just not always huge numbers.
And they do two cycles of rifs in a single month. They did it in July. They were spaced though so term dates fell in different months.
There's a lot of "I don't think" this or that. There is no logic here. Don't think. High performers get rifed alongside low all the time. Entire depts vanish without regard to who could be kept. Just realize that EVERYONE, every level, every department, every org is subject to RIF at any time. But the day they will tell you, is typically a nonpay week Thursday. The decision was made long before that. So honestly if you're worried about Thursday, it's gonna happen whether you worry or not. If your name was pulled, it was already done before today. That's not to say logic went into that decision. Just that by the time we even start worrying, they already know.
Anyone’s manager suddenly bring up Work IQ reports and “idle time”?
I think the groundwork is being laid. This stress is unrelenting.
So what’s the possibility that if they layoff in October that they’ll let you stay until the end of the year?
Dear 3wvv: Did you hear in the meeting you were in, what areas will or possibly will be affected in the October rif? Thank you for your time.
Hearing this news is really concerning. The job market right now is not very strong, and for those who are in H1B visas, it adds even more stress due to the limited time to secure a new job if affected. The pressure to find something quickly within the visa restrictions is really difficult to manage in these conditions
The largest NYC union workers were told this week that Anthem would no longer be covering Memorial Sloan Kettering cancer treatment as of December 2024. This company is losing contracts all over the place and tarnishing its reputation. Prepare your resumes.
@3fcc+1u3Vp9Rl nobody is safe. Directors and managers were let go in August and that will continue. They'll keep combining teams.
Are only lower-level employees being affected by the upcoming layoffs, or will managers and higher-level positions also be impacted? It feels like the focus is always on lower-level staff. What criteria are being used for these RIFs? Any insights?
I heard October directly from several people leaders. I have no doubt they will continue to cut until we either meet financials or the business units simply collapse from lack of resources. Everyone is completely burnt out.
#3wvv...Thank you so much for your post and insite. This is very much appreciated!!!
October and March. Dust off your resumes.
I am not a manager, but I am in a support role that has access to executives and quite a bit of confidential info. I was downvoted several weeks ago when I said 8/8 RIF wouldn’t be that huge as it was made out to be. It’s just about 5% or so, some areas a bit more and some less. That was not equally distributed, some departments were cut by 30% and some were untouched. So, I was on the call with some executives today and October RIFs were mentioned, those people didn’t realize or care that little ears were listening. Based on the context, the October wave will be big.
Take it with a grain a salt to help prepare yourself. Read the writing on the wall to plan your exit plan. Good to everyone
People are spreading fear without any solid evidence. A huge round of layoffs already happened in August, and I don’t believe we’ll see another massive wave in October. There might be some small cuts here and there, but nothing as significant as what we saw in August, at least in my opinion
@2jbu+1u3Vp9Rl August 22nd is just a rumor. Haven't heard an actual thing about this. Seems unlikely for two large layoffs in one month. One more round of layoffs will happen in 2024. Bloodbath probably isn't the word to use, it won't be like August. Doesn't make them any less scary. People who are in the know aren't even safe. Directors were let go on 8/8 who were in the know. They did the dirty work and were let go themselves. Managers will tell their workers they are safe. Managers may think they are safe because they haven't been told anything. They may be safe, they may also be a part of a cut themselves. Unless the CEO is protecting you, nobody knows if they are safe including the people who know what's coming.
I'm very skeptical of this "bloodbath" claim. Not that there will be zero RIFs, just that there have already been a ton. By October 2024 they will have finished nearly all their dirty work, for now at least.
@2jbu+1u3Vp9Rl I hate when people say this without any sorta background how they know. You don't have to reveal yourself. Do you actually know this or are you just stating this?
@2jbu+1u3Vp9Rl - you know this how? And wasn’t August considered a “bloodbath” with 12-15% cuts?
the RIFs in October are true. The "bloodbath" that was scheduled for January has been moved to October.
They like to clean up the books to end in profit so 4th quarter usually has RIFS
RIFs are monthly occurrences here, they just often escape notice. It's safe to assume October will be another one.
I wasn't in the Town Hall...but traditionally October is a big RIF month