With the $1B+ restructuring and multi-tier flattening happening company-wide, does anyone have reliable estimates or data points on total headcount impacts for this Q4 wave?
Further, any Q1 projections for the scale of subsequent cuts / structural changes heading into the 2027 split?
@aa Think about it carefully without letting your positive outlook cloud the bigger picture. They are planning one round of consolidation after this earnings report, followed by another round after the next earnings report. Instead of making all the cuts at once, they could be spreading them across multiple quarters.
Separately, I’ve also heard that there could be two more rounds of layoffs next year. I can’t confirm how accurate that information is, but given the ongoing consolidation, I wouldn’t completely rule it out.
@aa There’s business rationale for another round in Q1. Companies often restructure in phases to spread costs across fiscal periods, meet new budget targets, assess organizational gaps after initial cuts, and eliminate overlapping roles once new reporting structures are established. They may also be waiting for year-end financial results to determine where additional savings are needed.
No source. But pay attention to the earnings calls and Wall Street investor meetings after financial results are released. That’s where leadership, including your CGO, will likely outline further cost-cutting initiatives and operational efficiencies to build investor confidence. They may not explicitly announce another round of layoffs, but listen closely to the language around restructuring, productivity, and future savings. Wall Street usually gets the strategy before employees get the details.
What is the source of this news that there will be further cuts in Q1 , if they have to do the cuts why not do it now in one go. Whats the point of going over the process within 3 months. Maybe there will be cuts mid next year when company splits , but doing it in Q1 makes no sense.
I would have thought the WARN act would require those numbers to be public within a few days. Prior to the 60 day mark.
Unless you are in HR you probably won’t have those numbers until Jan.
It’s grossly unprofessional the way they’ve gone about this process with at least sharing some sort of agenda so we have at least an idea of what’s going with our positions and futures. I predict subscriber numbers won’t improve and this will be a reoccurring trend for years to come.