Layoffs will happen this year as stated in q2 earning call. Looks like CS is not behind saving every penny. Instead they want to complete the transition, wait a bit and then layoff people before the holiday season. They don’t really care to close books before 31st which we speculated earlier. It will happen some day in November so they have enough time to allocate seats to people.
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To the previous poster you're right "they don't really care". That's the way large corporations have become you're a number doesn't matter how long you were there or if you ki-led yourself. The ones that make out in salaries, leaving, or layoffs are the execs because they have contracts etc. Even when the government invested money in companies years agi to help the economy they never gave people raises just reinvested profits and took the money!
This delay is becoming increasingly ridiculous. My manager, who I am 99% sure is going to be cut along with most of our team, is running around having conversations about funding and seating arrangements, and I'm sure all the other managers are having similar conversations. It is so stupid that they are forced to try to make these allocations knowing that a big chunk of teams are going to be cut, and they will have to re-do all this work by EOY.
EC should have started the layoffs mid-September, that was the most logical time, and they missed it.
@stn+1paK5sQV There’s nothing quit like waiting till the last minute.
lol.. nah. its more than "allocate seats", you forgot about the entire re-org of teams, leaders and job functions.
but again, using logic in this situation is only leading to absolute incorrect answers. pick a timeframe that would make the least sense logically, but the most sense legally, and that is the timeframe
I think the key to your comment is ‘They don’t really care…’ Timing of, logic behind, discussions are all trying to put structure around this ill planned and poorly thought out process. I interact with a number of Ops groups and morale is just abysmal across the board. If it is 11/8, three more weeks of this will obliterate productivity for the year, not to mention survey scores.
But sure, let’s put faith in leadership, that once this is done Walt’s predictions of efficiencies are going to fall in your lap to execute. ABCDEF the EC
Ugh…so the waiting and anticipating drags on.
K