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Layoff Timeline

Has anyone heard anything about when the next round of RIFs are coming? If they are inevitable, I wish it would be sooner rather than later as this constant stress of having them hanging over our heads is so demoralizing


State of the Company (Stifel)

Here is what I know and what I am hearing.

Recruiting is drop dead last this year for this company. They just had to pay another 30 million in fines for the Chucky Roberts disaster in Sept.

Advisors are leaving, and there will be much more to follow.

Layoffs are being planned.

Hearing New accounts, Help Desk, Stock Records, and Advisory will be targeted.


House of Fidelity

Is a house of cards.
Totally respected this company how it manages dues business respected employees was cautious and not political didn’t punish people for covid vaccines like other companies.
But Abby got co opted by the leftists it was bound to happen
All that money for the seaport.
MA is dying companies and people are fleeing. Why do you think she’s focusing on low tax areas. She wants to drive the last few thousands in Boston out so she can dunk the family property. IMO


Getty Images Pursues Restructuring

Seattle-based Getty Images is undergoing a significant financial restructuring, which includes filing for bankruptcy. The company is set to become private again through a deal supported by the Getty and Koch families. This move aims to reshape the company's financial standing. The specific details of the bankruptcy filing and the restructuring process are now underway. This development marks a new chapter for the well-known image licensing company.

Seattle, Washington

https://www.seattletimes.com/business/getty-images-to-restructure-via-bankruptcy-no-seattle-layoffs-planned/


The organization is falling apart under the weight of the uncertainty

Talk about a horrible way to roll this out. Everyone know is stressed, on edge, and completely in the dark about what’s coming, all the way up to the VP level.

The mental health toll experienced by the employee base is significant and the company the hit to morale will be significant, even for the folks that stay.


Since many are struggling these days, here's my approach to surviving corporate life

I've learned that it helps to have good relationships throughout the organization, not just with your direct manager. I don't feel the need to weigh in on every disagreement, and I avoid getting pulled into unnecessary drama. When something urgent needs help, I'll step up if I can actually deliver. The goal is simple: do good work, earn people's trust, and don't create problems for yourself.


Does Tech RTO *actually* apply to all teams?

After the initial messaging of the RTO a few months ago our VP effectively told our org that we would exempt from the RTO for now. He also said he couldn’t guarantee that wouldn’t change at some point in the future, but for now at least the end of year RTO (as it was phrased at the time) did not apply to us and we would be staying remote friendly. No clue how many other teams or orgs were told something similar, or if it even still holds (haven’t heard anything one way or the other since the all hands last Thursday). Anyone hearing if the RTO is truly a blanket policy after most recent announcement with the Jan date provided ?


Why did we miss the boat on CPaaS

Why did we miss the boat so badly on CPaaS and Zang?

We completely missed the massive CPaaS bo-m despite being so early to the gate.

Back around 2016, we had Zang from the Esna assets to basically give developers an alternative to Twilio. On paper, it was exactly what we needed to pivot away from pure on-prem hardware and heavy iron legacy systems. Instead, Zang just sort of faded out, and CPaaS became a massive blind spot while our competitors ran away with the market.

Why do you think we failed to capitalize on this?

Was it a pure sales execution issue where our legacy channel partners were just too used to selling big capex boxes instead of developer APIs? Or did the timing of the 2017 bankruptcy just completely distract everyone?

Did anyone internally or on the partner side actually see real success with Avaya CPaaS before it got deprecated?