Anyone? They MUST be coming......'tis the season after all......
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Dear Santa. I’ve been a good boy all year. I would like a severance check for Xmas.
HO! HO! HO!
Well budget cuts in full effect and headcount reduction meetings have started and they are “urgent” this is across the company ..
@qr ok Surgery but you are the poster child for Tom
@qr It’s always comical to me when they issue these moratoriums on “non-critical” travel because the criteria of what is considered critical is always left open for interpretation. It also shines a light on the fact that under normal conditions, the company funds unnecessary business travel all the time. For instance, a manager flying almost weekly to a location only to sit in meetings where the majority of the attendees are remote anyway. lol
No word on layoffs but President sent out notice that non critical travel will not be supported, spending restrictions remain in place as well as head count freeze. This being one month into the fiscal year ouch.
@pz The people from my org who were let go last year received extra severance because BD did not release a WARN letter within the required timeframe.
@m3 if there were any warn letters they were very very few I look all the time and I didn’t see them so not sure where you’re looking ..
@j7 not sure that is true - I have seen WARN from last year's round of 86
@hw bonuses are as bad but the salary increase has been cut big time .. how else will the leaders get to travel all over the world in business class? And spend weeks in luxury hotels and events? With our money of course
@eb they never do warn letters .. multiple waves of layoffs here in Jersey over the years and they never issued warn letters they kept it on the down low and just paid people more money rather than making the cuts public so our competitors don’t see
We may be giving them too much credit, is there a grand plan right now? Very Sr leaders left in droves, new Sr leaders just started and don’t know where to start. - I could be wrong but I think they are just going to plod along and see if the stock price stabilizes and if the employee stock purchase can help. - then sell off more parts of BD. Off shore more services to third parties.
@hs are bonuses that bad this year?
@fq does the managed attrition plan include taking away years of valuable electronic information, giving below inflation raises, 50% of bonuses, etc so people finally say enough? I don’t know how I will set aside the money needed to invest in the employee stock purchase plan so that I can benefit from our future greatness.
I think they are working hard on “managed attrition”.
@f5 they have mastered getting around that
@eb yes, I am not seeing anything out there for a WARN notice as of yesterday
With the deficits some departments have, they will probably happen, they will probably happen in January since they will need to do a 60 day WARN letter for FLAKES
No scoop on layoffs just curious what 2027 will bring.. curious if tom is ever going to let go..