RIF in the final week of the payouts.
Employees will be notified the week before. 2 month period to try to find new position like other RIFs.
6 replies (most recent on top)
stock together payout is Friday 3/1
what payouts are there 3/26 to 4/1? STIs are paid 2/23 and increases are on 4/12 check. The stock together maybe?
This has started already, RIF all clear call just hosted by my AVP followed by implication that there will be more coming.
Good luck to everyone STI-mas ha sturned into RIF-mas. So sad.
Which org? Or will it be spread out across them all?
That is definitely happening but don't worry the evps will still collect their $8 mil + a year salaries!!
Makes sense... they need to act fast to meet the opex budget cuts this year. Might be a serious cut. Given what's happening to the OEMs, you can see that it's going to be a tough year. Prepare!