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Layoffs third week of May

Converge. Sales Kick Off in Vegas. But I am hearing that layoffs will be third week of May which makes no sense at all to fly people to Vegas and then lay them off. But...NetApp has done crazier things...

Any chance somebody knows more about this? Whether it's true or not, among other things?


More layoffs end of August , splitting company

This is yet unoffical but there will be a meeting today with 3 upcoming news:

  • everyone will be fired by the end of August and replaced with offshore employees (.not high management )
  • company will be splited by 4 or 5 independent companies ( by region ) and FIS brand will disappear by end of this year.

Is anyone going to buy ADM?

It's not a secret the OT is bleeding and drying out the divisions and there going to be another major layoff soon.

I'm hearing a lot of rumors about OT going to sell ADM bu heard SAP and others but is there any credibility to those rumors? is anyone going to buy ADM?
I guess the sale will be happening at the end of the faineance year (this June - start of July)


Merger or Takeover?

Has anyone been watching Steifel? Their HQ is in STL, and rumors are flying that they're getting ready to sell or merge. They recently sold off their independent channel, but for no real reason. It had to be for more than debt reduction. The independent channel (industry wide) is growing while the W2 channel is floundering...


So its May 7th or 21st ??? What offices closed???

Just looking for some clarity:

What offices are closing and which date is the actually real for a rif. Either way I know we will have a big one prior to October due to the Stock Award being given that month. So obviously VZ will need people not here prior to that month. So Q2 or Q3 rif is in play. Will VZ wait till Q3 or is May actually for real?


RIF Trends To Expect

1) Rumors site starts getting more and more input/traction.

2) Big news media start noting potential layoffs possibly leaked by Dan and or his communications team. This lessens the blow when they actually happen internally and also starts painting a picture to the market. (Dan just noted AI will result in 20-30% unemployment for companies

3) Teams notified to work from home a week prior to the layoffs.

4) During a payroll week, Mon/Tues for Senior Directors and Thursday for the rest. The expectation amongst many well connected is Thursday, May 7th. VPs and higher are probably Earnings week w NDA. Probably will be same 15 min script for those impacted starting around 9am. And then all hands for folks remaining around 11am.

What else trends are anticipated here?