Just saw the 2nd quarter report. Feeling so scared. Obviously the high management wants a good excuse for big layoffs.
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Oh, I'll train my replacement. Maybe I'll give piano lessons.
You will have to train your replacement if you want your severance/unemployment.
Oh plz..!if I am getting canned and have to train offshore employee.. haha no thank u!!
Does anyone know if DMI or Analytics space is safe that deal with Reg Reporting?
The 10K number is likely 10 k they identified but not acted upon yet. Keep in mind everything is done in waves so the rest is likely still being identified ...
Meh, COVID's thrown a wrench in the whole hub cities ideal. Packing everyone in like sardines (I think cities like NYC already have guidelines running contrary to this approach) will not only spread COVID but will also open the door for lawsuits. If they proceed with this, I'll be shocked.
That 10 billion is going to include property . It has to. Expect more hub locations and employees being packed like sardines in corporate owned buildings. Get ready to say goodbye to those pictures of the grandkids. Unless your a manager I doubt you’ll have a permanent desk.
10K have already been notified? Really? I'd like to see that backed up with evidence.
10Billion $
in 2 consecutive quarters q3 then q4 or q12020
the math is 20000 emps = 1Billion
There are 10000 employees they have already notified, but they were kept on because optics were terrible (wells lays off in middle of a pandemic)
So to get to 5B, its around 100,000 employees if they cut just employees as the expense.
10B has gotta be a stretch goal...probably going to include a LOT of outside contractors.
Keep in mind india already has over 50000 employees.
Whats hilarious is i work with india labor....they cant think themselves out of a paper bag.
They CAN take instruction if you lay everything out step by excrutiating step.
Just recommend limit your training your replacement.....let em sink or swim....
I also recommend contacting your senator and house representative to let them know wells shifted your job to india.
Its also helpful to let social media know that wells is not an american company.
Let me tell you something about this guy - his goal is to fire as many people as he can. He’s going to take a team of 15 and make it 9, the work will get divvied up amongst the remaining AND if you refuse, you’ll be out to! He’s going to gut the employee benefits plans. Everyone and everything- he’s a slash and burn type who doesn’t care about you, your family or anyone else. The only thing he cares about is the money in his pocket, the private jet he flies and the inflated ego of his. He makes Chainsaw Al look like a saint. The board of directors are so stupid to have brought this blue blood in.
Save your cash now!
They already started with contractors effective in August
Is it 50k?
I understood cutting dividend help them meet Federal Requirements