Has anyone been a subject of reassessment recently? The manager tells you your position is eliminated and you can apply for a lesser job, a lower band as the only option.
According to WSJ it’s a trick/strategy to make you quit or pay you less without a RIF.
https://www.wsj.com/lifestyle/careers/youve-heard-of-quiet-quitting-now-companies-are-quiet-cutting-ba2c326d?reflink=integratedwebview_share