#rif

Yes, it's true that RIF is due later this month. However, I heard that since Dan wants to make the org extremely lean, they are also planning for a VSP in 2Q'2026. Anyone heard about that?

Wouldn't that be interesting? Trim the fat once and then trim the folks sitting on the edge again?

Let's say you didn't get RIFed, would you take the next VSP?

It is crazy hearing about RIFs when we have so many executives and most people have no idea what they even do. CEO has a meeting, then the SVP has a meeting, then the VP, then the Sr director, etc. All just say the same things and ask what did you think about what the ceo said. If they want to cut costs start with upper and middle management.

I looked on the intranet but can’t find the info. If you get RIF, do you get VZ non-COBRA insurance for the same length as your severance weeks? Or does VZ insurance go away on our last day of work?
Thanks.

I was hit in the last RIF. They used the “position elimination” excuse which is interesting since they did a department reorg a month or so prior. Sent in my release form on Oct 2nd. Did not receive payment until the 22nd.

Why are we not seeing any WARN notifications? Is Verizon working on another VSP?

On Thursday, 10/30 a large number of IT employees have been affected by RIFs effective 12/31. There is no public acknowledgement of these activities. This was somewhat expected due to the ongoing expansion of Amgen India in Hyderabad, a decision made roughly a year ago for obvious financial reasons.
Impacted employees are offered severance packages that should help in the interim.

Are we done with RIFs for 2025? I get that we will always have smaller RIFs but is the major one done with? Do we historically have RIFs during the holidays? Are there going to be changes to organizations because of the massive amount of RIFs in October?

Anybody in Finance worried? They have automated so many reports it feels like they are preparing to RIF us.

I heard people got let go today. At least some.
Anyone care to share their story?

There seems to be a big RIF coming. Not sure exactly who’s impacted but seems like there’s going to be a lot. Today was the last day HR submitted it in their “RIF Tracker”. Goodluck yall.

11/21

Do not expect severance packages to be as generous as before.

It seems that, in the past, either UHC or Optum has a big RIF and then the other company follows 2 weeks later. The Optum RIF yesterday was pretty significant so wondering why I’m not hearing anything about UHC (thankfully). But I’m still thinking that this is the trend and wondering what comes (if anything) in 2 weeks. Seems all is quiet. Too quiet…

Pre holidays RIF is coming fasten your seatbelts

Anyone heard of the next layoff? Confirmed please, don’t want to cause anxiety but worried about RIF before the holidays!

Who creates the list who goes? Lvl 7. So is it my boss, or director, or sr Dr?

Several people were RIF'd in Kinetic 10/30. Uniti mixed it up by switching to 5th Thursday and kept this one really quiet.

Yesterday was the CRG Governance & Supervision town hall. The future of the St louis location was discussed. For once a Sr leader was honest with the submitted questions:
1- Was asked if WFA is going to stay in STL. Leader paused & answered the questions very carefully. "STL is no longer a growth area". Said flat out they expect the firm to reduce to 1 building (and obvious reduce headcount). Said "that's been the plan all along since AG Edwards". He doesn't expect the St louis campus to close any time soon but it will it's pretty clear STL is no longer a core focus for the firm and will be reducing its footprint.
2- 4 day in-office work week across the firm? Answered would not be shocked but was not his announcement to make. Would come from 1 level up. (ie: its happening but not disclosing when). Explained some groups are already 4 & 5 days in the office.
3- AI will not take your jobs but ironically started the town hall acknowledging there were significant layoffs the day (Tueday) before and some people listed on the handout were already terminated.
It was refreshing to hear a leader be honest even though it was not the most positive answers. It is very clear from the responses that St Louis is not a priority for WFA anymore. How long it will last is unknown. Needless to say the auditorium in STL had a lot of shocked faces but not unexpected.

Our dealer liaison informed us he was let go today, effective immediately. Is this round 2?

All the 40+ middle managers survived while most L2s and some L4s in my department got the axe. How did your department fair?

I’ve been hearing that layoffs strategy was/ is being reviewed due to WARN filing issues from this year (class action). Anyone hear of a RIF plan solidified for Q4/ Q1?

Just told that I was laid off and last date will be 11/13.

Has any department/subsidiary on the West Coast been hit today?

So, after getting the RIF, if you've been there less than 2 years, you will not be fully vested in the 401K program; if you've been there less than 3 years, you won't see the additional 4% so all that money you thought you were getting according to your Fidelity account is a complete joke.

Your account will show a "forfeiture" for the matched amount. I think some of this RIF mess is to avoid having to match folks' retirement contributions they tout so highly as a "benefit."

Lots of rumors around today. Can we use this thread for updates?

But after Halloween. Too scary.

Specific thread for 10/30 RIF at Wellmed. Comment if you know what departments will be impacted and where?

Please please chime in and share some info here. When is the next big RIF that we will bombarded with while the mafia Frankenstein and his minion gang will savor an expensive drink over the rocks in their mansions watching associates and their families getting devastated already struggling to put food on the table !!! Shame on Frank B. and his fcky minions - you all shall be imprisoned. Karma will chase you down , wait and watch.

I want to understand how much control a Sr director or above has when it comes to saving their favorites over people who actually work?

I know atleast 5 people in my org who got hired because they are related to so and so leader in one way or another. You can tell how bad they are at their work.
They could not even get hired based on their own capabilities.

Has anyone heard what premium increases will be applied to the Elevance Health (formerly Anthem) COBRA insurance for past employees (i.e., RIF'd)?

Elevance Health COBRA insurance is administered either by a third-party administrator (TPA) hired by the employer or by the employer's internal HR department. Anthem offers both COBRA (continuation of group health benefits) and benefits administration solutions, though it often partners with third-party administrators like Benefit Admin Solutions or Benefit Help Solutions to manage the administrative details of COBRA.

That’s how it’s always been - the notices go out the day of the layoffs.

The EVP sent out an email stating that the notifications have been delivered. So if you did not hear anything, you are safe!

A point I never see get made is how frustrating it is to deal with an even worse job market just because you worked hard. Yes, I might survive the next rif, or maybe the next two, but three rifs from now there will be so many unemployed white collar workers that it would put us in a worse spot. Sc--wed if you are riffed now and even more sc--wed if you are riffed later, really demotivating stuff.
OP: @aa+1k8r4n5xw

This.

If you want it congrats. If you need your job and want to stay, I wish you luck and prayers.

OT and OC look to be the ones getting it the worst.

...at an O&O. We lost 8 total across 3 departments.

post here if you got an email.

There will be more layoffs before years end. Nothing says Happy Holidays like a good old fashioned RIF. Support for clients is terrible and getting worse by the day. Pretty unhappy place to work these days.

What other departments got hit? Seems like this is going to be another big one. That was a fun meeting, love to hear what others are being told.