SEC - why not even a peep from leadership?

[Anonymous]

They're not going to be a rif hence no messaging

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

RIF = firings.

Restructuring = reorganization, which could come with reassignments, firings or both.

Can’t imagine there won’t be at least some reassignments given how lumpy the fork/VERA/VSIP departures are between divisions/offices.

[Anonymous]

We had our first director meeting last week! I think no news is good news.

[Anonymous]

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

a lot of retirements are coming from branch chiefs and ADs. there are entire areas with no management left in place up to the executive level.

teams are going to get bigger, programs and tasks are going to move around. RIFs eliminate positions and work areas, a reorg is just a reorg.

SEC is not currently proposing to eliminate any more positions, but they are definitely going to have to move things around all the holes in the org chart.

[Anonymous]

This week will be telling with DOGE coming in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

a lot of retirements are coming from branch chiefs and ADs. there are entire areas with no management left in place up to the executive level.

teams are going to get bigger, programs and tasks are going to move around. RIFs eliminate positions and work areas, a reorg is just a reorg.

SEC is not currently proposing to eliminate any more positions, but they are definitely going to have to move things around all the holes in the org chart.

Do you have to reapply for positions in a reorg? Do probationary periods apply?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

RIF = firings.

Restructuring = reorganization, which could come with reassignments, firings or both.

What is there to reorganize? Merge corpfin and enforcement? Sounds like restructuring for restructuring sake.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

RIF = firings.

Restructuring = reorganization, which could come with reassignments, firings or both.

What is there to reorganize? Merge corpfin and enforcement? Sounds like restructuring for restructuring sake.

Are you kidding? There is tons of overlap. Offices of Chief Accountant in CF and IM could be merged into the Office of the Chief Accountant. The Legal Policy groups in GC can be devolved back into each of the Chief Counsel Offices in Enforcement and rulemaking divisions etc

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

RIF = firings.

Restructuring = reorganization, which could come with reassignments, firings or both.

What is there to reorganize? Merge corpfin and enforcement? Sounds like restructuring for restructuring sake.

Are you kidding? There is tons of overlap. Offices of Chief Accountant in CF and IM could be merged into the Office of the Chief Accountant. The Legal Policy groups in GC can be devolved back into each of the Chief Counsel Offices in Enforcement and rulemaking divisions etc

This. Plus the SEC has too many layers of management. It’s insane.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

RIF = firings.

Restructuring = reorganization, which could come with reassignments, firings or both.

What is there to reorganize? Merge corpfin and enforcement? Sounds like restructuring for restructuring sake.

Are you kidding? There is tons of overlap. Offices of Chief Accountant in CF and IM could be merged into the Office of the Chief Accountant. The Legal Policy groups in GC can be devolved back into each of the Chief Counsel Offices in Enforcement and rulemaking divisions etc

This. Plus the SEC has too many layers of management. It’s insane.

Gee, if it’s sooo obvious and easy, I wonder why it wasn’t done back in 2017-2020. Or 2000-2008. I guess it takes a couple 19 yos to examine the issue for 3 days to identify these massive inefficiencies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

RIF = firings.

Restructuring = reorganization, which could come with reassignments, firings or both.

What is there to reorganize? Merge corpfin and enforcement? Sounds like restructuring for restructuring sake.

Are you kidding? There is tons of overlap. Offices of Chief Accountant in CF and IM could be merged into the Office of the Chief Accountant. The Legal Policy groups in GC can be devolved back into each of the Chief Counsel Offices in Enforcement and rulemaking divisions etc

This. Plus the SEC has too many layers of management. It’s insane.

Gee, if it’s sooo obvious and easy, I wonder why it wasn’t done back in 2017-2020. Or 2000-2008. I guess it takes a couple 19 yos to examine the issue for 3 days to identify these massive inefficiencies.

Layers of management were removed in 2017-2020.

Inefficiencies are present in any bureaucracy. You don’t need 19 year olds or DOGE to figure that out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

RIF = firings.

Restructuring = reorganization, which could come with reassignments, firings or both.

Can’t imagine there won’t be at least some reassignments given how lumpy the fork/VERA/VSIP departures are between divisions/offices.

What have you heard in terms of distributions? Were there offices/divisions that had a particularly large/small number of takers?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:pretty sure that the 45 day consideration period for the fork contract doesn't end until early april, and the VSIP/VERA election didn't close until a week ago.

they did not propose any RIF mar 13 given the numbers anticipated to take the fork/vera. once all of the exits are processed they will probably announce the restructuring.

of course doge is now onsite so maybe they'll force a RIF anyway.

no news is just that. there's no definitive news.

What’s the difference bw a RIF and restructuring?

RIF = firings.

Restructuring = reorganization, which could come with reassignments, firings or both.

What is there to reorganize? Merge corpfin and enforcement? Sounds like restructuring for restructuring sake.

Are you kidding? There is tons of overlap. Offices of Chief Accountant in CF and IM could be merged into the Office of the Chief Accountant. The Legal Policy groups in GC can be devolved back into each of the Chief Counsel Offices in Enforcement and rulemaking divisions etc

This. Plus the SEC has too many layers of management. It’s insane.

Gee, if it’s sooo obvious and easy, I wonder why it wasn’t done back in 2017-2020. Or 2000-2008. I guess it takes a couple 19 yos to examine the issue for 3 days to identify these massive inefficiencies.

Lots of layers have been expanded or added since 2000-2008. It also take a lot of effort to do major reorganizations that people may not want to bother with. That consolidation didn’t happen previously certainly doesn’t mean it might not be useful now. And, conversely, just because someone wants to do it now, doesn’t necessarily make it a good either.

[Anonymous]

Just seems like a bizarre random thing to suddenly prioritize. Won’t make a dent in the deficit. How about we focus on things that actually move the needle?

But maybe that’s the point. When people can’t or don’t want to do the hard stuff, people tend to screw around with the inconsequential, so they at least feel like they’re doing something.

[Anonymous]

Anonymous wrote:Just seems like a bizarre random thing to suddenly prioritize. Won’t make a dent in the deficit. How about we focus on things that actually move the needle?

But maybe that’s the point. When people can’t or don’t want to do the hard stuff, people tend to screw around with the inconsequential, so they at least feel like they’re doing something.

None of this is about the deficit, least of all at the SEC which is budget neutral, and yes a lot of it is about optics. Honestly all these recent threads are embarrassing in their lack of critical thinking.