In a meeting in a director's office, director and other managers start gossiping about what's to come. Many Band 4 to be booted out of Band 4. That saves the remainder of the MIP. "Permanent" pay-cuts, And it was so strongly hinted that we use our vacation now, that we should expect the furlough end of 2016 and another beginning of 2017. Apparently not to be announced til many people don't have enough time to burn off vacation.
BTW in my dept the involuntaries seem to be mostly managers and was related to # of reports.