Will SEC escape RIFs due to large number of exits?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, there are that many people leaving! Amazing to see the names and numbers.

Yes, there will be RIFs but not right now.

Is it certain divisions more than others? Are people leaving with jobs or retiring/not working?

I’m aware of one group with about 10 people leaving, which constitutes about 25%. A couple were retiring anyway. A couple would have stayed on another year or two, but were close to retiring anyway. One just took a private sector job that she probably would have done anyway. The rest are taking very early retirement and are unsure how much they will or won’t work going forward.

[Anonymous]

Anonymous wrote:147 people leaving sec as of last week

from the VERA/VSIP?

because i thought more than that took the fork. of course, they had 45 days to reconsider once the contracts came out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:147 people leaving sec as of last week

from the VERA/VSIP?

because i thought more than that took the fork. of course, they had 45 days to reconsider once the contracts came out.

The numbers for fork / VSIP-VERA are much higher than 147.

[Anonymous]

The SEC will be eliminated. It’s functions will be folded into the DOJ and the markets will be freed from government regulation and needless rules.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:147 people leaving sec as of last week

from the VERA/VSIP?

because i thought more than that took the fork. of course, they had 45 days to reconsider once the contracts came out.

The numbers for fork / VSIP-VERA are much higher than 147.

The Fork numbers alone are over 200.

[Anonymous]

Anonymous wrote:The SEC will be eliminated. It’s functions will be folded into the DOJ and the markets will be freed from government regulation and needless rules.

Make Fraud Great Again

[Anonymous]

Anonymous wrote:The SEC will be eliminated. It’s functions will be folded into the DOJ and the markets will be freed from government regulation and needless rules.

Yeah, just needs to pass Congress. Should be easy.

[Anonymous]

Anonymous wrote:The SEC will be eliminated. It’s functions will be folded into the DOJ and the markets will be freed from government regulation and needless rules.

Ah, but we do need the rules to limit the ability of oligarchs to shift the public. That's what you're rooting for. The ability of billionaires to take advantage of the public without being hampered by the rule of law. The apolitical civil service is really important for this. You are rooting against the rule of law

[Anonymous]

Anonymous wrote:The SEC will be eliminated. It’s functions will be folded into the DOJ and the markets will be freed from government regulation and needless rules.

Bad enough to be a troll or a wanna-be fraudster; even worse to be an uneducated one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:147 people leaving sec as of last week

from the VERA/VSIP?

because i thought more than that took the fork. of course, they had 45 days to reconsider once the contracts came out.

It was said on a division call in my division that 4% of people across the agency took Fork so ~200 people. I imagine 147 is the number of people who've opted into VERA/VSIP thus far (maybe not thru today but like thru last week or something) - still a week and a half to go.

[Anonymous]

Do you think 10% will satisfy them? Or are they looking for more? The anxiety is killing me.

[Anonymous]

Anonymous wrote:the sec should be flatter. anyone not doing actual casework should be eliminated-that means SO’s and AD’s. we get enough review through MTSE reviews from OGC, OCC, others whio actually provide substantive comments

I'm not sure I entirely follow your prescription and it seems like you and I have very different roles, but if you eliminated the Branch Chiefs in my division the entire thing would grind to a halt within 72 hours.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If the SEC is self-funded, then gutting it won't be related to cost cutting. Wow you don't say

It’s not self-funded. It’s budget neutral, actually positive, since it brings in more than it costs. But it is still funded by appropriations from Congress, not the money it brings in, which goes to the Treasury.

I’m at another FIRREA that is fully self-funded and we have a DOGE rep, trying to cut costs and reduce staffing. Also, our VSIP incentive is 8 months pay, so hopefully we get enough to leave through VERA/VSIP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:At another FIRREA. I don't know but I really think they want to fire people, across government, and in a substantial amount from every agency. In the blow-up cabinet meeting, when Elon was yelling at Rubio for not firing enough people, Rubio stated that they had already had 1500 people retire. Musk said that he needed to FIRE people-- not just work with more regular/voluntary attrition. Rubio sarcastically asked if he should stop the retirements so that he could fire them instead. And then at least in a few RIF-related leaks, people have reported that retirement-based attrition, people who took the Fork, and so on will NOT be counted towards the total percentage to be fired.

They are obviously doing a great job getting people to leave because of the toxic environment but I do think they want to make a huge spectacle of it. And for that reason, I don't think anyone is safe.

It’s paranoia. Anyone who voluntarily leaves didn’t mind going, and therefore were never a threat in the first place. People who stay, despite tempting offers of generous administrative leave and early retirement, are suspect of wanting to embed themselves for nefarious purposes. It’s the way they think and it’s evident in every action they do.

This+ the several PP saying ADs and SOs do nothing are clues that the SEC mission is irrelevant and staff is unaccountable. Therefore people leaving do not matter. The SEC will carry on nefariously w the survivors, just fewer of them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:At another FIRREA. I don't know but I really think they want to fire people, across government, and in a substantial amount from every agency. In the blow-up cabinet meeting, when Elon was yelling at Rubio for not firing enough people, Rubio stated that they had already had 1500 people retire. Musk said that he needed to FIRE people-- not just work with more regular/voluntary attrition. Rubio sarcastically asked if he should stop the retirements so that he could fire them instead. And then at least in a few RIF-related leaks, people have reported that retirement-based attrition, people who took the Fork, and so on will NOT be counted towards the total percentage to be fired.

They are obviously doing a great job getting people to leave because of the toxic environment but I do think they want to make a huge spectacle of it. And for that reason, I don't think anyone is safe.

It’s paranoia. Anyone who voluntarily leaves didn’t mind going, and therefore were never a threat in the first place. People who stay, despite tempting offers of generous administrative leave and early retirement, are suspect of wanting to embed themselves for nefarious purposes. It’s the way they think and it’s evident in every action they do.

This+ the several PP saying ADs and SOs do nothing are clues that the SEC mission is irrelevant and staff is unaccountable. Therefore people leaving do not matter. The SEC will carry on nefariously w the survivors, just fewer of them.

Oh please. I'd happily take VSIP if Trump hadn't just tanked the economy and job market. No one wants to leave in these conditions unless they can retire.
If they'd made the same offer last fall or even in January, people would have stampeded.