If the market does not come back fast the opposite is going to happen - RIF.
I fear this happening, although I hope we avoid RIFs.
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Look what didn't happen... shocker. All doom and gloom on these threads...
Fido tends to RIF quietly in specific departments in 2008-09 they finally Rif'd when they really needed to, they held off quite awhile but that was under Ned's tenure a very pro employee executive and Tuesdays were the preferred day of the week. With so many WFM that could be any day now. Good luck! They do rehire RIF's if there is a need FYI.
Right now that you said it always Tuesdays and on first Tuesday of month = Oct4th, Nov1st, Dec6th for rest of 2022. Good luck everyone marekt bounced back today that is what is needed at this point for sure.
Always Tuesdays
there was for sure a pattern to when the RIF's were done/announced
cant quite remember exactly someone correct me if I am wrong but I recall that they would go down on the first Monday of the month?
White males over 40 - watch your back!
Unless you are in a client facing role, you should be ready at anytime to get Riff'd. October is the annual timeframe to get these people off the books by year end. Seen it happen many times over the years.
With the market getting hammered and a long term recession looming, look for RIF’s in October!!!
It’s Fido—of course there will be RIFs. It’s their m.o.