Ready or not here we come
22 replies (most recent on top)
@3rz Remember leadership has an investor-first mentality and likes to put in place an operating model that trims legacy overhead. What exactly defines legacy is up to his current whim.
There are many odd edicts coming down from the execs, but its hard to know if its just the usual wtf.
Has a share buyback been announced?
Those in the Citrix BU think the date could be December 1st, since that date has come up a few times now since Hector took over. Definitely feels like a sizeable layoff is coming, but that's just based on vibes and nothing concrete.
i don't know what the confirmed number is but i can tell you that something is off. there is a striking unusual silence in the leadership team which is usually the sign before the cull. i hope it's not as bad as i think it is going to be. it might just be that i'm on the list since i sense it. i hope not. i don't think they will wait till january to make the announcement this time. it might come soon.
@3rz that is the confirmed number across the board. Less people means higher percentage every round as there is less salary reduced and less stock they can recover.
40% ? Are you high ?
So long $hitrix $uckers
@2cb It's rotten to the core.
When close Nanjing site.
Just be prepared and start making a move cause job market is rough
Please carry on while the ship sinks.
Names are already decided. Performance reviews are meaningless as the VPs and directors just change the numbers during calibration when they are told based on who is getting cut in the AOP review in August.
What’s the point of a January rating cycle if layoffs are in December?
If you're going to cut headcount before the review cycle even finishes, why pretend performance actually matters?
Wake me when they lay off 100 percent.
The anonymous author of this post does not realize how easy he can be identified: he always predicts that doom will fall on a 4th of the month. He probably is not anymore working there.
Now, you can layoff a huge amount of people and still be in business if you replace them with cheaper people.
Or an "agentic" chatbot support, that does not understand nothing and whose role is just to refuse to open a case. Consequence is that customers do limit as much as possible to use support, try to resolve their issue with Copilot or another AI, and when finally get an open case, someone recently hired in a country with low wages will serve them the same answers and instructions they got from the AI.
And if you look at the CSG careers board, most of proposed positions are 'sales' and 'remote'. Sales is where the turnover is the highest: no experimented salesperson would stay in a company where you don't even chase new customers and build your own customers base, but have to impose massive price increases to customers angry of your ransomware.
Someone must be really stupid to believe that a company can layoff 40% of workforce and still be in business.
Painfully, the layoff process for UK employees involves a performative 3 month notice period - the dream would be to take your severance and f*ck off on your Christmas holidays. Forget this place.
I believe it - but I think it will be certain business units and departments - not everyone/thing
No offense, but it's not the best of the best that remain. As leadership said to me once - we just need 'good enough'
Recruiters know this too unfortunately.
There needs to be some shell of a company left for the purchaser. That will be on them to turn off the lights.
Not sure of the percentage but the rumor is out. Big changes towards the end of the year.
Sure. Why not just close the whole company?