Any info on the September layoffs?
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@e4 If they live in America, they're just as susceptible to layoffs as anyone else.
If they live overseas, of course they're less likely to get laid off. They're being paid pennies. This greedy AMERICAN company loves paying peasant wages.
@ak They are still working on identification as the number crunchers need more. Dinesh didn't pull in enough revenue tied to AI sales.
Notice when they RA in the US it’s hardly any of the Indians they shipped here ?
It’s mainly white people and many over 50
Every year there is a big RA in late March and another in late September. How big depends on how bad the financials are. What else is there to know or care about?
Relax. Drink some Kool-Aid. Life is much better after IBM.
Earnings call is October 22, depending on the numbers, the layoffs will come before or after. There will be a narrative control.
They are thinking about how to time layoffs around their earnings calls, and they may occur just before the earnings report to present a unified financial picture and demonstrate cost-saving measures to investors and making things appear more disciplined.
But we are still a little bit less than two months away, so the numbers are still being baked. If the numbers are bad, then it's bad on top of bad. So they will time layoffs based on when they can make the least amount of damage. Narrative control.
But I'm just speculating.
When they do happen, update here with the business units , region , and numbers if you know them
Those selected were identified in July. I’ve heard it will occur either September or October in US consulting.
They’re happening. Then no bonus. Then de-banding. Then five day RTO. Then more layoffs. Rinse and repeat until the stock is where the sc-m want it. Then keep going anyway. Just get out.