Odds on VBO in 2023? Seems like alot are ready and wont leave without the incentive
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you won't get two years of Fidelity insurance in a layoff package.
If you think a RIF and a VBO have the same benefits, then you are extremely mislead of the differences between the two.
@8nqs+1kfgOijv There is a huge difference between a RIF and a VBO. FYI, just because they have been generous in the past with the RIF package doesn't mean they have to give you anything at all in the future.
I don’t give a f&@?, either way I win. RIF or VBO has the same benefits, except the 2021 VBOs were sold on the idea of cheap premium on health insurance till 65, but they failed to do their homework and realize that market premiums for same health coverage was the same.
If the market continues to stay down they will RIF instead of VBO. RIFs will cost them less money. VBOs have only happened after or during a market that is performing well. With the government putting more money on the inflation fire I don't see the market making any major come back but I hope I'm wrong on this.
Possibly 2025 it is a very generous and expensive package, there would be no incentive for qualified Employees's to take it if they knew another VBO package would be offered annually.
My guess is that in 2023 they won't need a VBO as they're probably expecting attrition from the dynamic working rollout. I would expect them to accelerate the dynamic working implementation and depending on how many leave and how the economy is doing a possible RIF at that point. I would also think they'd want to get everyone off the books before doing another VBO. Maybe 2024, but the last 2 VBO's were 4 years apart, so 2025 seems more likely. I hope I'm wrong.
I'm a boomer here and have work coming out of my ears with no end in sight. Why should I leave when the company has been so generous to it's employees ? It's been a terrific ride and will continue to be part of this great company.
Wouldn't bet on it. Issues of talent retention and "continuity of knowledge" aside, the money simply isn't there. Expect quiet layoffs with generous severance (but not as generous as VBO)