FDIC RIF Plans

[Anonymous]

Anonymous wrote:

Anonymous wrote:Reddit folks think that the layoffs could happen as soon as this weekend or as late as June. I think a second Deferred Resignation Program is doubtful. If I'm feeling optimistic, maybe there will be a VERA and/or VSIP offer before the RIFs start.

If anyone says that they know what is going on, I wouldn't fully trust it. HHS just did a huge purge of 10,000 employees on April Fool's Day with no advance notice given to HR or agency leaders.

So we have Valentine Day and April Fools. Do they like milestone layoffs?

Yes. They govern mostly by meme. It’s a joke to them.

[Anonymous]

FDIC is looking to cut an additional 20% of it's staff. Overall, that's not too big of a cut. 8% of the FDIC workforce took DRP 1.0, so the total cut would be 28%.

https://www.reuters.com/world/us/fdic-hunting-extra-20-staff-cut-doge-descends-agency-bloomberg-news-reports-2025-04-11/

[Anonymous]

Anonymous wrote:FDIC is looking to cut an additional 20% of it's staff. Overall, that's not too big of a cut. 8% of the FDIC workforce took DRP 1.0, so the total cut would be 28%.

https://www.reuters.com/world/us/fdic-hunting-extra-20-staff-cut-doge-descends-agency-bloomberg-news-reports-2025-04-11/

I'm so sorry to hear that. I guess this administration is determined to plunge the USA into economic and financial chaos.

[Anonymous]

Anonymous wrote:

Anonymous wrote:FDIC is looking to cut an additional 20% of it's staff. Overall, that's not too big of a cut. 8% of the FDIC workforce took DRP 1.0, so the total cut would be 28%.

https://www.reuters.com/world/us/fdic-hunting-extra-20-staff-cut-doge-descends-agency-bloomberg-news-reports-2025-04-11/

I'm so sorry to hear that. I guess this administration is determined to plunge the USA into economic and financial chaos.

Yes.

[Anonymous]

The FDiC also reportedly rescinded lots of offers for open positions and fired probationaries, so it’s more than 28 percent.

[Anonymous]

Anonymous wrote:Why wouldn’t they do a 2nd DRP? Other agencies are offering.

Not every agency is doing that. Mine only offered VERA/VSIP.

[Anonymous]

Why is the FDIC even considering a RIf when the salaries don’t even come from taxpayer money? Firing them doesn’t affect the budget bottom line at all. Their salaries come from the banks they serve. None of this makes sense unless the agency is just trying to kiss ass with the powers that be.

[Anonymous]

Anonymous wrote:Why is the FDIC even considering a RIf when the salaries don’t even come from taxpayer money? Firing them doesn’t affect the budget bottom line at all. Their salaries come from the banks they serve. None of this makes sense unless the agency is just trying to kiss ass with the powers that be.

The goal is not to save money. It’s to eliminate regulation and functions they oppose without needing congress

[Anonymous]

Anonymous wrote:Why is the FDIC even considering a RIf when the salaries don’t even come from taxpayer money? Firing them doesn’t affect the budget bottom line at all. Their salaries come from the banks they serve. None of this makes sense unless the agency is just trying to kiss ass with the powers that be.

The only possible logic is the desire of swindlers to destroy regulators who limit their ability to swindle.

[Anonymous]

Anonymous wrote:Why is the FDIC even considering a RIf when the salaries don’t even come from taxpayer money? Firing them doesn’t affect the budget bottom line at all. Their salaries come from the banks they serve. None of this makes sense unless the agency is just trying to kiss ass with the powers that be.

C’mon, you know the answer to this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why is the FDIC even considering a RIf when the salaries don’t even come from taxpayer money? Firing them doesn’t affect the budget bottom line at all. Their salaries come from the banks they serve. None of this makes sense unless the agency is just trying to kiss ass with the powers that be.

The goal is not to save money. It’s to eliminate regulation and functions they oppose without needing congress

Very true. I pray for the employees affected.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why is the FDIC even considering a RIf when the salaries don’t even come from taxpayer money? Firing them doesn’t affect the budget bottom line at all. Their salaries come from the banks they serve. None of this makes sense unless the agency is just trying to kiss ass with the powers that be.

The only possible logic is the desire of swindlers to destroy regulators who limit their ability to swindle.

+1. Many agencies that do not receive appropriations are being dismantled anyway. Does not matter.

[Anonymous]

Anonymous wrote:Why is the FDIC even considering a RIf when the salaries don’t even come from taxpayer money? Firing them doesn’t affect the budget bottom line at all. Their salaries come from the banks they serve. None of this makes sense unless the agency is just trying to kiss ass with the powers that be.

Hi- plenty of us are at agencies that bring in a lot more money than we cost. Mine sends the money to Treasury unlike FDIC, but same idea. The administration doesn't care if you're revenue producing or not. Pain is the plan.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why is the FDIC even considering a RIf when the salaries don’t even come from taxpayer money? Firing them doesn’t affect the budget bottom line at all. Their salaries come from the banks they serve. None of this makes sense unless the agency is just trying to kiss ass with the powers that be.

The only possible logic is the desire of swindlers to destroy regulators who limit their ability to swindle.

Just look at CFPB for an example of this. It does not receive any appropriations. It is a tiny agency. It returns billions (literally!) directly to consumers who have been scammed and defrauded. They are attempting to destroy it— not streamline or downsize. Destroy. The plan, before the lawsuit, was to fire 100% of staff and “delete” the entire agency.

This administration cannot articulate a reason for these actions because the reason is this: CFPB was far, far too effective at financial regulation and consumer protection, and that was very annoying to large banks and tech companies, which are starting to get heavily into the digital payments space. And Elon is starting a payment platform on X.

So there’s your reason. Just apply similar principles to it most targeted agencies, and you’ll see the same story.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Please be mindful of the confidentiality agreements that you signed regarding any upcoming RIFs.

WTF????

Leaking For Official Use Only (FOUO) information, such as details about upcoming RIFs, violates federal law (18 U.S. Code § 1905). It can result in termination of employment, revocation of your security clearance, loss of pension, forfeiture of your deferred resignation agreement, and even criminal prosecution, including fines and imprisonment. This isn’t just a policy violation, it’s a national security risk. Don’t jeopardize your career and future over a moment of anger or frustration.