#rif

Share your story about how the Medtronic RIFs were used to engage in covert retaliation by the "World's Most Ethical Company" aganst you or a colleague

Is there a requirement for VP's to be sociopaths? They seem to be required to lack empathy or remorse and engage in manipulative behavior to achieve that level.

It is truly disturbing to watch them in action.

I think the annual RIFs are some kind of sick psychopathic game they love to play on us to keep people in line. It must give them pleasure to destroy people's lives year after year for no reason other than to advance their own career.

I've heard talk about RIFs later in the year. Any talk about Early Retirement being offered?

Beware the new CHRO Samantha H
My hubby works for Verizon n says she smiles big n projects positivity n then will turn around and RIF hundreds of y’all
If you have a chance, bask her how many people she layed off at Verizon
She and her people are notorious for retaliating against employees too so be careful

2 OSP engineers in NM walked out 7/16

Any one else rif'd at HQ?

I wish people would stop parroting the "impacted" euphemism. It's either "laid off" or "fired". Not even "RIF", because that implies that the job is gone. The job is never gone, it's just done by someone else that remains.

Anyone know when we will know if we are safe or not? Sure heard first week of August but how is that when they keep changing the dates of everything else?

Several have been communicated to today. The rest in the morning. Any word on what groups are impacted?

"The company continues to evaluate the strategic positioning of its Medicaid portfolio, and recently reached an agreement with officials in DC to exit its Medicaid market. Boudreaux said to expect additional exits over the next 12 to 18 months...

With the spin-off…. Any rumors of offering packages?

Company wide reduction in force.

It's that simple, the current work force is broken. Good luck on the unemployment line.

As reported in the NYT this morning. Gail took full credit of course, but I could just envision her thinking “these RIF’s are working great! Gotta kick it into high gear”. Glad I retired a few months back and out of that stress.

Viasat logic = hire/promote more execs and lay off the "little guy" and make sure that those left behind work the job of three people for "market value" pay.... yeah right. This place is such a joke.

Tips for Thursday

Call in sick
Do not accept any 15 minute calls

Layoffs and firings throughout majority of sites today. My team was affected, and multiple people at my site were affected. No confirmation on amount let go yet.

Just got word Thursday is a go, however my leader had no word who's impacted. I'm in CP on the retail side. Good luck and may the odds forever be in your favor 🤞

but does anyone ever see Kate J come right out and address the many layoffs over the past few weeks, or just continue to RIF more workers every month until she feels the time is right to sell off the remaining parts ?

How does being on leave impact notification if you are RIFed? Do they wait until you get back to inform you? Does the clock start while during leave or after you return to work?

This question is specifically in regards to maternity leave, so I have a firm return to work date.

Will appreciate serious advice on how I can land on the list of RIF candidates without pushing it so far that I get fired.

Was invited for quick meeting at 9:30AM for 30 minutes.
My manager along with someone from TPO joined the call.
RIF terms to be kept confidential.
My manager promised me to consider me when some position open,
TPO asked me to forward resume to cognizant manager as I have 10+ years experience in FIS.
For last few weeks, was working on process documentation. I think that was indication for what was coming.

Q2 sales will lack both plan and the latest exec forecasts. Substantially. SVP of sales and several Director / Sr. Directors in sales will finally be fired in August. Not for missing the target, but for missing their own forecasts now several quarters in a row.

ARR in the current quarter will shrink vs end of previous quarter (for the first time). That will be the catalyst for the bigger changes:

KKR will continute to re-shuffle the board to drive more accountability.

CEO still believes that "product is fine, everything else is the problem". He'll be fired, too. Timing just depends on interim and long-term succession plan. Nobody will miss him as he's been over-promising on outside investment / recapitalization / acquisition and under-delivering.

Once that happens, the power center of gravity will shift away from product groups. Don't need as many PMs and engineers if the goal is no longer just growth (which has been embarassingly lacking). PE firms are happy with high profitability / low growth or lower profitability with higher growth (rule of 40). Any combination works for them long term and the company will be reconfigured to set and maintain the direction.

All of this will be disruptive, causing more internal power fights. Good people will leave for better opportunities (which exist for them) why others will be RIF'ed in certain areas. That will leave the company with lower cost, but also understaffed in important areas. That imbalance will prolong recovery time.

In short - long term (18 months+), Omnissa will be fine.
Short term (12-18 months), it's going to get ugly. Opportunities for smart people to navigate the disruption.

You read it here first.

I know there were deep cuts of talented people even younger engineers. From my time there, I recall there were already many positions that hadn’t been back filled.

With all the constant talk regarding RIF and layoffs. Plus, rumors of a reorganization of the lines of business. The company has not asked for any reduction of headcount on the union side. What gives?

Does any one work in this team - wholesale/ MVNO? I am hearing about crazy things going down there since last RIF. Looks like that business is nose diving and the new leadership is completely clueless and apparently their morale is rock bottom. I always thought that was a quiet business living in its own corner and constantly delivering. Sad to hear if this is true.

Can my manager lay me off just because he's doesn't like me? He cannot make a case of bad performance because I literally get praises And thank yous everywhere from all the other stakeholders. I am IC. Can he fire my me or somehow influence the HR or management to include me in the next RIF? Are there any guardrails to protect teammbers from toxic insecure managers?

If I survive the next RIF but our function gets impacted to the point where I have to take on even more work... I'm going to look to leave

Well just checked multiple Sr Director and VP calendars and looks like some groups met already to proceed forward with next weeks rif.... its rare to see all of them meet same day/time and of course you can check the same day for prior weeks to see its not a normally reoccurring meeting. So I guess the lists are made and finalized, and Sr. Directors now know who is on the cut list. Obviously they can't share it early but I wish they could, just so we dont have to think about it for another week. My manager is concerned and I can't blame them... things just feel super weird lately.

So I was just sitting here thinking.. Did they move the stock together to October in order to avoid paying them out for a Rif that is planned?

Full disclosure I am not aware of how the payouts for the big Rif worked. Did they accelerate all stock together grants and pay them out?

Why else would this have been moved to October?

Thanks in advance. Hope everyone is surviving out there.

Does this mean we are about to get RIFed?

Did you receive your RSU for this year already or is it still unvested? How long after your separation date it became available to withdraw?

If we suspect that we will be RIFd can we use up our future vacation? Would it be deducted from our final pay or have to pay back?

I may have used up all of mine for a nice long trip earlier this year. LMAO definitely don’t realize we’d be here looking at VSP and RIFd.

Has anyone laid off in May (last day 6/10) received their severance yet?

After 6 months of no word, or strategy from the top level: 70% of my team just got RIFd.

The company is calling these "redundancies" however there is no way there is another team capable of carrying our projects forward.

Does anyone know if those of us affected by this RIF on July 1st will be covered under the CDW medical insurance through end of July or are we officially without medical insurance now? This would be before COBRA is elected. How does this work?

Feeling pretty numb from it all. Still trying to get over the shock and we have been a one income family, now a zero income family!

RIFs underway for McKesson Pharmacy Systems (EnterpriseRx), particularly in engineering. Most engineering to be outsourced overseas.

Next round of RIF this month, it will be huge impacting all big locations

So disgusting the email from Don Duet while Riffing people that should be here who are talented. More people confirmed let go today. Jason Baklavas chosen to deliver AI when he hasn't delivered anything for Digital in over 2 years and is one of the worst executives to exist in this company. Clueless management, clueless company. The nature of these layoffs is just reckless. Riffing going on today, good luck all.

how can pals hold each other accountable? they cant. so the consultants who keep hiring their buddies to make a "strategy team" paid 3x what managers are paid can do whatever, rif whoever, and answer to no one with smirks and sarcasm. not new...like last cmo who brought in 4 MD leader pals from caremore. Its gross and cold. Remember yesterdays rifs pay for the next exec.