Taking multiple data points into account, including secondary factors such as current stock price, outlook, presumed Q3 results, event success and numerous other factors, AI states there’s a 77% chance we’ll see one more round of layoffs before the end of December, and a 92% chance we’ll see layoffs by the end of January.
4 replies (most recent on top)
@OP I don't agree with this method of reporting layoffs. If it is not a reliable direct source within the organization this causes anxiety for current employees.
@hk Isn't this always the case with projects at every organization when a new leadership is put into place? It was only recent that new CTOs were named. I hope that is considered.
Right now, most IT projects at Walmart (and probably Sam’s) are either behind or not on target. This will affect the overall budget and cost reduction goals, and could drive additional reductions in order to hit the financial targets desired by the new CEO. I think everyone on the tech side is skiddish now. We’ve seen this before and it usually ends up with people being laid off, additional contractors added and potentially, more H1Bs sneaking in.
It’s not unheard of for Walmart to do reductions during the holidays or in January.