One more riff before he hands the keys to Sampath.
20 replies (most recent on top)
@cx ditto
@ab my bet is Nick Jeffery is the next CEO.
@ag this is amusing. There are RIFs every month. You just don't hear about them because they are small and targeted.
@am any idea how big or who is targeted?
Most coffee breaks talk will be date for a date to get kicked
@ab there will be rif's everyday in the form of customers firing Verizon
@a1 at least give a try compared to outsiders British meatballs and other already looser PayPal CEOs. This Dan the hatchetman brought his old biddies, 5gheee/Hans had done the same, bought his buddies in 2018 and last one he bought Yago again import d from UK. Atleast Sampath is from inside going up may get option to do something.
@a8 There is one more that I know of coming in January per my AD.
@a3 Well this company has always had 2 RIFs a year. Just not usually across all orgs.
You’re double wrong. There will be two more RIFs. One to finish cutting VZ and one for Frontiers dead weight. And keys won’t be handed to Scampath but to John Stratton
It is 100% true that it is not done. The franchise company taking my store over mentioned that Verizon is already working more deals for them to take over several more corporate locations in the next 2 years.
Yes there will be more but not as close to how large today was
@a3 source? How do we know layoffs are coming again and who will they hit?
@a2 how do you know there is another in Q2 '26?
Sampath in 2 years not before that..
Next RIF is March 2026
@a1, was Hans?
I would be prepared for minimum 2 RIF’s a year. One around Q2 (if we don’t start the year to plan and Wall St. guidance) and one around Q4 to shore up the balance sheet for year end financials. This has sadly become common practice among a lot of large, publicly traded companies.
Doesnt Dan have to stay 2 years to get his 50+ mil? Definitely going to be more than one more RIF, especially given they already have one planned for Q1.
Sampath is not CEO material.