#rif

Former interiors employee here, I’ve heard there was a decent sized layoff today, maybe the 3rd layoff for the year? Any numbers on the RIF?

Anyone know which teams and roles are going to be impacted in next round of RIFs (9/17 and 9/18).

At this point…can we volunteer to be let go? And if so, do volunteers get the payout? It’s seems like a better deal than staying behind to drown in work and await other rounds of RIFs… So, how do we get our name on the list?

Although I shouldn't be surprised, I was. I received the out of cycle 1x1 and was notified yesterday that my role was being eliminated and that my last day was this week.
I'm not here to complain, point fingers, or play victim. But want people to understand that there is never a better time to prepare for your future career than now.

I haven't seen/heard anything hitting EMEA just yet and its just a waiting game which is not ideal

To anyone in executive leadership who may read this. It's important that you understand the climate that is being created at FIS. I'm not going to argue in this post for having less overall cuts, but rather to get them over with next time.

I believe we've had 11 RIFs this year. What could have been a couple rounds has been spread out so every month or so, folks are seeing their peers or leaders getting cut.

It may seem like doing smaller cuts is easier for teams to manage, and keeping a key individual for another month or so may seem like a good idea to allow better transition, but here's the effect.

Very few people feel secure in their career here. Most people are unsure if they will be next. This is shared for most ICs up through many people at the VP level. People are less productive, engaged, and less passionate.

We're starting to see top talent look elsewhere (the most marketable and skilled people are the ones who can land another job).

Teams and leaders are spending a lot of time discussing the impending layoffs, rumors, and overall morale, which is more hidden waste.

Lastly, delaying these leadership RIFs has prevented any real communication about the future org structure. So the orgs have not been able to set clear direction for the rest of 2025/2026. This is still pending because there are leaders yet to be cut.

We are already under investing in our products relative to our competitors, but if we're going to have cuts, they should be larger and less frequent. These decisions will have ramifications.

I have a haunting suspicion this week we will get another RIF in TMG. Our all-hands meeting was delayed an entire month with no explanation. Morale is very low at our fab and everyone seems a bit rattled, even mgmt.

While workers were getting laid off and RIF’ed thos gratuitous butt kissing session was happening literally almost at the same time:

https://youtube.com/shorts/8XPy0R5SClQ?si=5NXfh94XazCheN57

I'm telling you, in a month from now there will be less. Headcount IRIF. Book it.

It looks like Fidelity / Veritude is being investigated for H1B violations for offering jobs to H1B folks before offering positions to Americans.

Good to see SC still has the bandwidth to dine with DJT et al to celebrate AI investments, midway thru one of ORCL’s biggest RIFs in decades …

The RIF to fund, at least in part, more investment in … AI infrastructure. Not the best optics.

https://uk.finance.yahoo.com/news/trump-basks-tech-leaders-spending-005921620.html

Mid Oct RIF confirmed OI. If your on a pip or a cr-ppy 28+ your days numbered

I'll start by relating a bad boss story told by my WF coworker.
During conference calls one boss would regularly berate a worker including actually swearing at him. The worker went to HR who did nothing about the bad boss.
I left WF only to come back a few years later and worked near my old WF coworker. He told me after years and years of that same guy being a bad boss he was finally let go in a RIF.
How about you?

Anyone know what means in regards to RIF plans?

What percentage of subsurface is being cut? Hard to estimate as spread over multiple organisations (CNE, Exploration, Offshore, Subsurface etc..) Anyone have an estimate?

4000 RIFed times average salary of $100,000=$400M include
4000 times vested RSUs which are clawed back on an average $150,000 = $600M
Bottom line Savings of ~ $1B.

Title, I signed the severance package, but I totally disregarded the fact that I worked towards AR that year, am i entitled to that pro-rated bonus?

Was talking to a current co-worker of where I work now, and he mentioned that Teradata was like this and so was his previous company (although hes going through it with an employee lawyer since they didn't pay him).

TIA.

I’m sure these three basically-kids and two chronic slackers are ready to fill the shoes of the four veterans we just lost. I also hope they’re ready to take on the workload, because I sure as he-l am not going to. Is there even a general idea of how many teams like mine are supposed to function, let alone produce good work?

Does anybody have any info on what's happening?

Expect another month of silence on both sides of the fence whilst the AVPs circle around the cauldron cooking up the next hot mess just in time for Halloween.

If you can get an exit do it now or keep logging evidence of misdemeanours and ‘managerial’ behavior to strengthen your position if you get the tap on the shoulder.

The toxic dial is being turned up daily.

I've heard a few whispers referring to an Oct event Anyone else picking up on anything?

Friday started this round, VPs first? Who went yesterday?

Is ordering higher levels first and ends with peons? Or maybe there is no logic on order?

Is the Care Manager (nurse) position a relatively safe one? Stable (if you meet the metrics/quality)?

Contemplating applying to this company 😩.
Can someone explain why are there offering positions if they are thinking about rif? Are the rifs in certain departments?

It’s not a question “IF” Anthem/Elevance is planning more RIFs, it’s more like “WHEN”. Always just assume they are, and plan accordingly. No one is safe from the RIF, so get your resume and LinkedIn up to date, start looking for ways to network more, save as much money as possible, figure out ways to strengthen your mental health, and show up every day knowing it very well could be your last.

RIFs are occurring across multiple areas today..CCB and CIB

This site used to have good information related to coming layoffs. Now all it seems to have is people complaining about upper management and/RTO. Sadly, the site is becoming more irrelevant as time passes.
So I will try one more time. Does anyone have any REAL intell on coming layoffs?

Spent years giving my all, and now all the constant chaos and cuts have destroyed any motivation. Leadership keeps getting rid of people and acting like we can still deliver miracles. I’m done going above and beyond just to see it wasted. Every task feels like a battle, and my patience has finally run out.

I read in the Q2 financial report that the quarter end employment number was 16,600. Does that include Lexmark personnel? If yes, that means prior Xerox people remaining must be around 12,000 or so world wide?

What's going on with MPS?
I assume some of the teams they moved to them is for the their new VP to do the RIF work that EOE wasn't capable of.

Any info on RIF for UM nurses?

One of the posts here said the August cuts were the 2 Tuesday of the month. Did I miss it or was there really even one? The firm really doesn’t believe in getting rid of people, in my personal experience.

That could lead to bad press. According to my manager, the firm only cares about what people could think might happen.

Just sayin is all…

Is this confirmed?

the next RIF announcements are 9/3 this is the company wide big one at mid and upper management levels
OP: @a5+1k36et84k

How do people not realize this?

Sorry I’ve been hiding inside a bubble, but d-mb question…….Could someone please tell me exactly why they are doing these layoffs? Seems to be so out of the blue especially when they get rid of the ones that are very knowledgeable and valuable to this company

Does anyone know if there will be more TAM Layoffs coming now that everyone's been given a new title?

So heard today no bonus next quarter and layoffs before Christmas due to Lexmark doubling up staff and I’ve had to job match my team.