Next big round is near Q4 results which are expected to be ok but not great. The fact is market is saturated with near 100% pops for all carriers. Redundant positions and support functions that can be eliminated or outsourced will be.
Good luck to those that escaped the hangman’s noose last time. 💀
This date is coming soon. Is this verified or confirmed?
Based on what happened in spring 2023, the survey is sent before the layoff to not negatively skew the results. Then they meet with their org to read out the results after that round of layoffs is over.
The SLT doesn't care about accurate feedback, it's just a performance.
No surveys until March. Sometime before then.
Nonsense. There is be no more laid offs this year. Straight up
Yes, the layoffs are coming. Case in point, the Bonus and Compensation review has been accelerated - pulled in from the schedule used year-after-year. Although the layoffs are coming, they won't be until March at the earliest. But, when they arrive, it will be a great deal of frontline folks, especially the field under the premise of this so-called operational and digital transformation to AI and machine-learning. Keep telling yourself that you're safe until the day your number is called!
I can verify that not verified is verified.
Og poster is a troll ...me and my sweater have already set the next round ...keep an eye out when #h1b visas are up ..that will be your clue...later real degree citizens..hello cheap paper degree imports ..make my words
I don't give a po-p. And I should know.
Not verified. And I would know.
This is the verified. I would know.
The biggest red flag last January that indicated massive layoffs was the announcement that employees could only carry over 40 hrs (under the BS excuse of work/life balance). The real reason was the company wanted employees to use as much PTO as possible so they wouldn't have to pay it out in a lump sum severance. If the policy this year is still only allowing 40 hrs PTO carry over then expect more layoffs this year.
It's because PTO hits OPEX. Less PTO carry over means less OPEX means a company looks more profitable.
I thinks 1/30 is day
You do know that carryover of PTO is a financial liability, right? The reason to limit to 40 is to make the numbers look better.
This might explain why we is only get carryover 40 hours of vacation
Interesting. This seems to line up close to rsu and espp vesting if you consider warn requirements. I could be wrong though.
@2gkm+1q7u97pf
We got our bonuses paid out early (prorated)
I’m sure everything will be fine. The good thing is we. Don’t has to share the bonus moo with the “recently departed “ employee. More for us! 🎉🎉🎉
Is this the same person who said there would be a huge layoff at the end of November? There will always be more layoffs but unless you are a senior executive, you have no idea when they will happen.
Nice role play. Saturation has been reached across the country for years. That is why SMRA is being targeted, lots of market share to take there.
Any news on retail support positions that will be eliminated?