My thought is so many of us applied that they couldn't hold up their end of benefits for everyone to depart in Sept. The added dates allow at least one large depart per quarter for a full year! If we quit between now and our separation date - OVER A YEAR FROM NOW (!!!!!!!) they don't have to pay us anything!
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Any Precedent like this situation? Any legal protection possible?
For this situation where VSP was accepted but the end date is like 6-16 months from now, has this happened in other companies? This all seems like the company’s attempt to CYA themselves with their mistake of offering VSP to everyone. It just seems like Centene doesn’t want to give out too much VSP benefits, and they’re hoping for attrition, that folks (who clearly signed up for VSP) will either leave on their own or get PIP’d or get fired.
Since there’s no job protection during this 9-16 period, what else can we do? I’m curious if anyone has thought about contacting a lawyer to review this situation. I’m not planning to initiate that myself, but if someone wants to form a group to explore that, please sign me up!
VSP Separation Dates A Year From Now
With some many people getting dates a year or more from now (way past the original September 2026 date) it seems pretty obvious they are hoping people just quit. This will save them money in the long run not having to pay out lump sums.
Such a slap in the face and a sh-tshow.
I'm about ready to walk away
I've watched so many experienced people leave this place in the last year. The replacements don't know the job and don't seem to want to learn. Meanwhile, management acts like the veterans are the problem. We're the ones carrying the weight, but we're the ones being blamed. It's exhausting.
Word is that senior people are leaving XOM in waves
If this is true, and with dead weight in management just getting heavier, we'll be in major trouble very soon. When you lose most of the people who know what they're doing and you add useless managers instead of trying to replace them, things are bound to start breaking sooner rather than later.
Senior tech people continue to leave
I see that one of our key AI leaders/strategists Prag is jumping ship to another bank.
Several other key tech leaders have left this last year and usually aren't been replaced by external talent.
Is all this a bad sign?
This isn't right
Younger hires are coming in, older ones are going out. And the exits don't look like performance issues. It's a shame how little this place cares about institutional knowledge.
Losing more and more people without layoffs
Three people left last month, two to competitors, one to retirement. Zero backfills. We've just accepted that this is our new normal.
Get out while you can
This place is on life support and has been for a while, and management keeps unplugging the machines. I've watched entire departments vanish, and the work just gets dumped on whoever's left. The collapse won't be dramatic - it'll be a slow, painful death by attrition.
"Attrition is low and people love working here"
BECAUSE THE ECONOMY IS AWFUL AND NOBODY IS HIRING
IT Attrition
What do the Attrition metrics for IT look like? I know its by design to get rid of Americans, but it seems much worse than anything ive seen.
Who goes first RIF or VSP
I'm not sure who knows how some of these things work but the VSP gives the company the ability to plan a org flatten and restructure over time, that's the "Long Term" plan.
RIF is the big cut
So..... The order of things
Phase 1
String this along, a percentage have already and will just quit (voluntary attrition is best and cheap)
Then kick off the plan.
Step 1 - VSP notifications and dates are final
Step 2 - Month or so, after a period of time to give people that are not happy with their VSP to just quit on their own. (again voluntary attrition is cheap)
Step 3 - Some point around the month you'll see a sizable RIF to scoop out the undesirables that didn't take VSP.
Step 4 - Long departure dates, the workload will increase, metrics ill change, micro management will be the theme.
GSS redundant
GSS has had a steep consistent decline in new cases over the last period. How many customers have already left? I don’t believe it’s the AI solving the issues.
If it is the AI — how long until support team is sacked
Burnout is doing their job for them
So many people are quitting from burnout. Leadership doesn't care because they don't have to pay severance. They think they're winning.
It's kind of funny if you think about it
Most of the people already working here are trying to escape. Yet somehow, people are still applying. I honestly can't figure out what would make someone want to join this mess. It's a mystery to me.
Something has to change
Whenever someone leaves the team, the first question is never "how do we replace this person?" It's "who can take over their responsibilities?" Before long, their entire workload gets spread across everyone else, and we're expected to keep everything running like nothing happened. The problem is that this keeps happening over and over, and the team is already exhausted. People are working longer hours just to keep up, but there doesn't seem to be any urgency from management to address the staffing issue. I honestly don't know what the breaking point is supposed to be before someone realizes we need more people if we're to keep going.
Is there any reason to stay?
People are leaving in droves. I'm wondering if there's anything that could actually convince you to stay, or are you just done?
Brain drain
Our best people are leaving and nobody seems to care. The average tenure is dropping fast. How do they think this will end?
When are they cutting the dead weight?
We have people carrying the team while others do almost nothing. Why don't the layoffs ever target the right people?
I don't even care anymore
I've given everything to this place for years and now I'm just done. I'm doing the bare minimum, hoping they'll notice and cut me loose in the next round.
I feel worse for the people who still work here than the ones who just got let go
It's awful seeing coworkers lose their jobs, and I wouldn't wish that on anyone. At the same time, this place has had serious issues for years that leadership never bothered to fix. Looking back, almost everyone who's left has ended up happier somewhere else. I'm starting to think the people who walked out last week may have gotten the better deal.
They're going to destroy the company like this
They keep promoting young, inexperienced people into management positions while the people with years of experience and real qualifications get passed over. So we end up losing our best talent, and replacing them with people who don't know what they're doing most of the time. Solid business strategy. /s
Just going through the motions
I don't know if I'll get laid off or find something else first, but either way I'm out of here. Hard to find motivation when you know you're leaving.
Exhausted and over it
Everyone is burned out. Not just from the work, but from the endless layoff anxiety. Management doesn't care. They'd love it if we all just left.
It should be about performance
I'd be fine with layoffs if they actually targeted the right people. But it's never been about performance. The best workers keep getting let go.
And yet we keep hirirng
Layoffs are happening, but so is hiring. Doesn't that completely defeat the purpose? And it's a slap in the face to the people who were let go.
Here's the thing about layoffs
They cut the people, but they don't cut the work. So the rest of us are left trying to do the same amount with fewer hands. We're now all stretched way too thin and I can feel people burning out. I'm honestly worried that some of the remaining team members will decide it's not worth it and leave, and then those of us left will be in an even worse situation.
Short-term thinking
Push out the older, more expensive workers and bring in younger people at lower salaries might sound like a great idea, but there's a problem with that plan. The new hires are all about protecting their personal time and sticking to exactly what their job description says. They're not going to fill the gaps or do the extras that the veterans used to handle. And they'll leave as soon as something better comes along - as they should. When the experienced people are all gone, there won't be anyone left who knows how to keep things running.
Made Up Positions
As I was browsing through LinkedIn today I couldn’t help but noticing how many P66 employees have what appear to be just made up positions. These are not necessarily highly paid positions but it does seem certain people are being “taken care of”.
In too many cases it not what you know or what you can do but rather what connections you have.
This is happening while Go-Go and Tractor Man are laying off legitimately good employees.
How often are layoffs happening?
There were a bunch of layoffs on 6/24 and another set of layoffs on 7/6. How often are these layoff rounds happening now? They used to seem like every 3 months but they are happening more frequently now.
Pioneer resignations continue
More and more Pioneer resignations. I guess they aren’t impressed by our “culture” and “care”
When did everyone stop trying?
I've seen so many formerly dedicated people just doing the bare minimum now. What was the breaking point?
Anyone else drowning?
I'm at my breaking point. We're constantly losing people, never getting replacements, and the work just keeps coming. It's starting to feel hopeless that things are ever going to improve.
Rock bottom reached
When even the people who barely work are leaving, you know things have gotten bad. This place is such a joke that even the slackers think they can do better.
HR Statistics
IMO. These days, the company pays no importance to retention. The majority of XOM employees in the US will likely have a maximum of 5 years at the company before they finally realize that they are better off somewhere else. 10 years maximum if they are a glutten for punishment and think they are going to make it to retirement eligibility. Considering RE being 55 with 15 years of experience. Who in HR has the statistics of the last 5 years of attrition with the why they were separated, for Campus hires and Experienced hires? What are the breakdowns of left on own will versus MLRP?
My prediction for the future employment longevity in the US for MPT for someone based upon when hired is the following:
Age of hire: 22 - 25, probability of lasting 30+ PA cycles 3-5%.
Age of hire: 25 - 30, probablity of lasting 25 - 30 PA cycles 5-7%.
Age of hire: 30 - 35, probability of lasting 20 - 25 PA cycles 2%
Age of hire: 35 - 40, probability of lasting 15 - 20 PA cycles 0.5%
Age of hire: 40+, probability of lasting 15+ PA cycles 0%
HR does not care about retention. People are a commodity to them and they have sources of cheap labor outside of the US that are going to run the company.
Hiring for roles they just fired?
How can they lay off AMs, while turning around and immediately adding new AMs?
It seems like what might be really happening is CDW is trying to re-set the payroll with lower paid employees and foregoing the experience, expertise and customer relationships of AMs who were paid more competitively.
I’m sure that’s also happening in other departments.
What could go wrong?🤦🏻♂️
So, let me take a wild guess
Most of the laid off folks are coincidentally in the above 50 age bracket, right? People who earned higher pay through knowledge and experience and are now paying for it with their jobs? Am I wrong?
PwC Initiates Voluntary Exits in Audit Division
PwC has implemented targeted voluntary redundancies within its UK audit practice, affecting senior associates and managers. This move follows a trend among Big Four firms to adjust staffing levels due to slower market conditions and reduced employee attrition. The company stated these exits are in areas with low natural turnover to ensure the right skills are available for market opportunities. This action mirrors similar workforce recalibrations at KPMG and Deloitte. The Big Four are collectively rebalancing their workforces after a period of rapid post-pandemic hiring.
London, United Kingdom
https://www.peoplematters.in/news/strategic-hr/layoffs-reach-pwc-as-big-four-firms-continue-audit-workforce-reset-50778
lol, Fisv stock is only $50 now
I joined FDC back in 2016 in Omaha and took a low ball salary because it was nowhere and I had to stay in there for family. FDC got my super prof service at a low price comparing to other locations in Atlanta, or NYC, etc. In 2020 during Pandemic I moved to another state in MW and was able to work remotely. However, right after Covid, Mr Frank ordered RTO and I said goodbye to this company and quickly landed another remote work with a 40% pay increase offer - I didn't even bargain. I guess many people leaving FISV were in the same situation. I didn't specifically shop for other jobs as my family didn't need that much of my salary - I was just keeping myself busy. but thanks Mr Frank you made me make the right move. Now I landed another hybrid job in yet another state and got another 20% raise. lol. Fisv may never figure out why their stock su-ks so much. BTW, I sold all my employee stock at around $100 when I parted.
What is going on with TX SAM?
Has anyone else noticed that half the leadership in TX SAM has left in the last year? What is going on over there??