Go back and re-watch the globalcast after reading these points.
- TC, CFO, HR rep all struggled to contain their emotional states. This is odd. I've been through several layoffs at this site and others in my career. Never have I seen so much fidgeting, uncertainty, and almost, fear? (Not sure how to quite word the plethora of emotions on their faces).
- All three were extremely unprepared and unbecoming of leaders that have decades of experience giving hard talks and navigating tricky situations. They had multiple weeks to prepare for this as well.
- They let slip that this is not the only or last layoff within the next 12 to 24 months. Their words, they're preparing a system for voluntary severance packages in 2023. They also stated that if these layoffs don't work, more drastic measures will be taken. I.e. more aggressive layoffs.
- TC said this with certainty, not if; inflation will continue to rise, the feds are going to raise interest rates again and energy expenses will continue to rise, as well.
- TC isn't all knowing, regardless of your personal opinion about these people however, they are privy to information that we are not. They meet with heads of states, governors, presidents, princes, some of the best data analysts on the planet, etc.
My opinion, given the greater context of HOW they said what they said, we are in for a very rough few years and we all need to prepare individually to make moves for our own financial security. They will be laying off more people at GF in 2023.