Anonymous wrote:Are FDIC RIFS cancelled?

No. The board gave notice to the union that RIFs would happen. They are waiting out the 45-day DRP clock before doing reassignments to empty positions on the org chart for those skilled employees in targeted positions/groups that they want to keep. Basically, the RIFs will be given to those (1.) in a specific targeted position or team who (2.) does not get reassigned into one of the empty spots on the org chart in groups that were not targeted. Anyone without a position once the music stops will get RIF’d.

There will definitely be people who will need to take grade demotions if they want to remain employed.

???

Are FDIC RIFS cancelled?

The VSIP and DRP approvals went out yesterday. I imagine that will be followed up by RIF notices within the next month or two for employees who are still in positions that are being abolished and didn't take the VSIP or DRP. The rumor is that the RIFs will be effective September 30th or earlier.

Anyone approved ?

*major stake but still on the outside

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:19% cut includes those already gone in the first round of firings and fork 1.0, so the actual impact of the latest will be much smaller than the headlines suggest.

The buyouts, while generous on their face (and is very humane for those targeted), will be extremely limited and almost no one will be approved for fork 2.0. Many divisions are telling their employees not to even bother apply.

Consider the situation, it appears that FDIC leadership was able to overcome the now languishing DOGE and 47 and keep most of its employees. A win for sure.

Really? Support and admin are being notified of job losses and it doesn’t sound insubstantial at all.

There will be losses for sure, but buyout will go to more folks than intended to control the final number (even possible for a ratio of 2/10) and many opt-ins will be denied. Folks at FDIC are too important to bend to DOGE.

Are you talking about the whole agency or legal specifically? Because the 19% number is for legal only. And it’s all support staff. In legal, attorneys took the DRP, not support, so support is getting hit very hard. A lot of people were notified to prepare for an email yesterday. Especially after it was clear that the legal “tech” was 100% saved.

Yes, the offer is generous but that doesn’t take away from the fact that support in legal was hit very hard, and in a very lopsided manner.

Whole agency. Not sure about hard hit but certainly lopsided, but can’t feel too bad for those who are not chosen. While they are not getting the choice to leave on an amazing package, they should be thankful that Chairman Hill went to bat for them and kept their jobs. Haven’t heard anyone say thank you once.

Well, what I will say, as an FDIC spouse and therefore someone with a major take and on the outside, is that I am grateful the process seems to be getting handled in a more respectful, humane, and thoughtful manner than tagencies. And arbitrary bloodbaths at other angencies.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:19% cut includes those already gone in the first round of firings and fork 1.0, so the actual impact of the latest will be much smaller than the headlines suggest.

The buyouts, while generous on their face (and is very humane for those targeted), will be extremely limited and almost no one will be approved for fork 2.0. Many divisions are telling their employees not to even bother apply.

Consider the situation, it appears that FDIC leadership was able to overcome the now languishing DOGE and 47 and keep most of its employees. A win for sure.

Really? Support and admin are being notified of job losses and it doesn’t sound insubstantial at all.

There will be losses for sure, but buyout will go to more folks than intended to control the final number (even possible for a ratio of 2/10) and many opt-ins will be denied. Folks at FDIC are too important to bend to DOGE.

Are you talking about the whole agency or legal specifically? Because the 19% number is for legal only. And it’s all support staff. In legal, attorneys took the DRP, not support, so support is getting hit very hard. A lot of people were notified to prepare for an email yesterday. Especially after it was clear that the legal “tech” was 100% saved.

Yes, the offer is generous but that doesn’t take away from the fact that support in legal was hit very hard, and in a very lopsided manner.

Whole agency. Not sure about hard hit but certainly lopsided, but can’t feel too bad for those who are not chosen. While they are not getting the choice to leave on an amazing package, they should be thankful that Chairman Hill went to bat for them and kept their jobs. Haven’t heard anyone say thank you once.

🤣🤣🤣

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:19% cut includes those already gone in the first round of firings and fork 1.0, so the actual impact of the latest will be much smaller than the headlines suggest.

The buyouts, while generous on their face (and is very humane for those targeted), will be extremely limited and almost no one will be approved for fork 2.0. Many divisions are telling their employees not to even bother apply.

Consider the situation, it appears that FDIC leadership was able to overcome the now languishing DOGE and 47 and keep most of its employees. A win for sure.

Really? Support and admin are being notified of job losses and it doesn’t sound insubstantial at all.

There will be losses for sure, but buyout will go to more folks than intended to control the final number (even possible for a ratio of 2/10) and many opt-ins will be denied. Folks at FDIC are too important to bend to DOGE.

Are you talking about the whole agency or legal specifically? Because the 19% number is for legal only. And it’s all support staff. In legal, attorneys took the DRP, not support, so support is getting hit very hard. A lot of people were notified to prepare for an email yesterday. Especially after it was clear that the legal “tech” was 100% saved.

Yes, the offer is generous but that doesn’t take away from the fact that support in legal was hit very hard, and in a very lopsided manner.

Whole agency. Not sure about hard hit but certainly lopsided, but can’t feel too bad for those who are not chosen. While they are not getting the choice to leave on an amazing package, they should be thankful that Chairman Hill went to bat for them and kept their jobs. Haven’t heard anyone say thank you once.

Anonymous wrote:

Anonymous wrote:Im an attorney and would like to take drp/vsip. Hopefully it will be offered.

If you are an actual FDIC employee, you’d know that there is no option to take VSIP+DRP in the FAQs they published yesterday. It’s one or the other.

You’d either take the VSIP (only if offered to you, admin leave until June 30) or the DRP (offered to entire Corp, admin leave until Sept 31).

Why do you interpret vsip/drp as vsip + drp?

Anonymous wrote:Im an attorney and would like to take drp/vsip. Hopefully it will be offered.

If you are an actual FDIC employee, you’d know that there is no option to take VSIP+DRP in the FAQs they published yesterday. It’s one or the other.

You’d either take the VSIP (only if offered to you, admin leave until June 30) or the DRP (offered to entire Corp, admin leave until Sept 31).

Im an attorney and would like to take drp/vsip. Hopefully it will be offered.

Anonymous wrote:How quickly will we find out if drp is approved once we apply?

There’s no guidance, but I imagine within a week or two.

That said, I don’t think they will be accepting any DRPs unless you’re in a position/team that was told they will be eliminated and offered VERA/VSIP earlier this week. Maybe they would accept a DRP from a CG-14 or 15 to relieve some of the grade inflation….maybe. But they don’t want to lose any examiners, resolution/receivership staff, or IT/infosec. So that’s the vast majority of the Corp’s work force.

I think very few people will ultimately get RIF’d. I know multiple senior folks who are excited to take VERA+VSIP and there’s still plenty of open slots to reallocate lots of people whose teams are being eliminated/consolidated and want to stay at the Corp.

The RIFs will almost certainly be contained within administrative roles not tied to statutes.

How quickly will we find out if drp is approved once we apply?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:19% cut includes those already gone in the first round of firings and fork 1.0, so the actual impact of the latest will be much smaller than the headlines suggest.

The buyouts, while generous on their face (and is very humane for those targeted), will be extremely limited and almost no one will be approved for fork 2.0. Many divisions are telling their employees not to even bother apply.

Consider the situation, it appears that FDIC leadership was able to overcome the now languishing DOGE and 47 and keep most of its employees. A win for sure.

Really? Support and admin are being notified of job losses and it doesn’t sound insubstantial at all.

There will be losses for sure, but buyout will go to more folks than intended to control the final number (even possible for a ratio of 2/10) and many opt-ins will be denied. Folks at FDIC are too important to bend to DOGE.

Are you talking about the whole agency or legal specifically? Because the 19% number is for legal only. And it’s all support staff. In legal, attorneys took the DRP, not support, so support is getting hit very hard. A lot of people were notified to prepare for an email yesterday. Especially after it was clear that the legal “tech” was 100% saved.

Yes, the offer is generous but that doesn’t take away from the fact that support in legal was hit very hard, and in a very lopsided manner.