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Reply to "CFPB RIFs today"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Judge enjoining some or all of the RIF for right now! [/quote] What does this mean?[/quote] That CFPB employees will continue to get paid for doing no work. That's what "efficiency" means in this administration. [/quote] Well it’s efficient for people like musk who already or plan to operate digital payment platforms. It is good return for his investment— he gets no oversight at all into his activities, what’s a few million extra for govt salaries. [/quote] Good point. Except in 4 years, when there's probably a democratic president, all these fired CFPB'ers get rehired and go after musk's platforms! And also by then, nationwide injunctions will probably be prohibited so it will be much harder to attack new CFPB regs in the way that happened under Biden. I guess republicans haven't thought that far ahead.[/quote] That’s not how layoffs work. Old overpaid workers are not rehired. I got laid off my dream job in 2016 in at 54 with nearly all of us older overpaid people. They then hire much younger people to replace who are cheaper. People 20-25 years younger. Next President will be hiring class of 2029 to replace you [/quote] That may be a difference between fed and private sector. There's an explicit priority for rehiring RIF separated employees. It only lasts a couple of years but the existence of that benefit goes against your point. Plus I think there's much less age discrimination in gov employment in general.[/quote] That and it wasn’t the “old overpaid” (PP’s phrase— not mine) employees who were terminated. It was nearly everyone, and so included younger employees, mid level employees, senior employees. It covered everyone from newbies with mere months of experience to experts with decades of federal tenure. It included people who helped stand up the entire agency and have a wealth of important knowledge. This is not a normal layoff situation. This is not your typical company losing money that has to offload employees. This is a hostile group trying to run an entire organization into the ground so that it cannot enforce any rules regarding financial regulation. It is just as bad as it sounds. It was sloppy, violated RIF rules and was done to make the place nonfunctional. The judge is rightly pissed off and so the RIF was stopped about 12 hours after it started! [/quote]
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