Do we have anything new on what might be coming our way?
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@mv I’m assuming hence the talent profile updates & subsequent reviews? This don’t happen in 2023-24 layoffs and this is the first time doing one, so I’m curious how will this play out?
Performance related cuts coming in October.
Regarding GCC my direct leader is either not informed or isn’t sharing anything with total scope for offshoring. It’s more than just current India -> GCC. You know there’s USA jobs -> GCC.
C suite has been clear that remote roles are being phased out through no career path
I would guess that natural attrition is the planned shrinkage over the next year.
Post bonus layout I expect a mass exodus of those remote. I mean if I was remote I would start looking end of year and try to time it.
The new center in India is opening in phases. Seems highly likely if not certain onshore jobs will relocate there after phase 1. Leadership is saying no jobs will move “in phase1”. Ok…what about phase 2,3,4…how many phases are there? McKinsey is a cost cutting firm and they are (or have) advising our efforts in STS as well as our former McKinsey C-suite.
When posting “information” that will cause worry, let’s add facts and credibility. Not look at Citi and look at TDA. It’s a reasonable theory but is it rooted in specific detail?
Baby cuts continuing quarterly. A large cut plan is in development but execution is not committed to yet. Watch financial and economic news. Citi laid off 5,000 in June and TD Canada 2,000 in May. The Intel and Microsoft layoffs in July. Timing will be when we can message both cost cutting and healthy numbers. Always, always, always assume tomorrow is your last day. Have an emergency fund, solid network, anything you want to keep on personal systems, and a plan. The market is tight and will get worse. This is an opportunity to cut labor costs and reduce labor age. Our board knows it needs to trim. RTO4 may reduce the impact but don't count on it. More likely it's cut plus departures. Good luck.
It’s subtle, but it’s happening. It’s one person here and there - Remember all those “round tables” that OP posted about… yeah. Saw a spreadsheet tracking that with a specific area underneath round table scheduling titled “removed” or “not retained” - I wasn’t supposed to see it, but I was in someone’s office as they took a call and left it on their screen