#timeline

When a company states that it will expand its footprint in an area with a new facility and consolidate 2 sites (Emeryville and San Diego) into one single research site, then something has to give. It won't be the leadership, but everybody else will be on the chopping block in 18-24 months. It is going to be painful for Novartis folks in California!

How do the jobs posted in rd 2 look in the subsurface space? Big cuts?

Is this confirmed?

the next RIF announcements are 9/3 this is the company wide big one at mid and upper management levels
OP: @a5+1k36et84k

And what’s with all the rumors about 30k being the overall target?

So that means we’re still a long way from being done? Mid-September is the earliest we can hope for this to finally be over?

This sounds a bit too much, but then again…

6k is 1/3. That’s the number. That gets the staffing to about 12k which is roughly half of what it was pre covid. That’s a huge reduction. With increasing output and content the goal is double the revenue of pre covid with half the staff. That’s how you turn a profit.
OP: @fh+1k2wpserx

Hi everyone, has anyone heard any credible updates or timelines regarding potential future layoffs? Just trying to stay informed and plan accordingly. Thanks in advance.

Everyone is choosing 11/21 as their exit dates with some being Q12026! Chances are 9/26 WILL BE the exit date for the majority 90% of the folks, as Q3 ends and they start Q4 clean and less overhead.

October and November 21 dates are a pipe dream.

What are you all hearing /experiencing?

Tomorrow is Termination Tuesday! Anyone have any deets on the targeted areas ?

The company no longer values longevity or tenure. A couple times a year, they cut budget which means take chunks out of operating costs by chopping tenured people. Use them for a couple years and then move on...

If grades change up/down prior to 8/31 then I assume bonuses for T2 will reflect using the new grades.

When is the acquisition set in stone and anyone have word on what might happen? seen some posts here that say some things curious

Think there should a pause before another CPM wave right?

I hate this period of not knowing so I am trying to get a sense of when these would happen. I know no one knows yet, but does anyone have any guesses or inside information?

I know we're having layoffs weekly, but I was kind of expecting there to be a bigger cut at the start of h2. Still looking at feb 2026?

The gole is cut 22% headcount including other approaches.

Does anyone know when would EMEA tech will be told about the apparent lay-offs?
As EMEA is on different timeline!