It sounds like layoffs are expected around Q2 announcements. I am hearing 10% across the board. Be prepared as the housing market decline will be a struggle for W in the coming months!
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Seems like this post had the correction information, nay sayers thought it was fake news. Next round is 2 weeks after Q3 earnings which is released November 3rd.
If they really are considering layoffs, they'll first cut unfilled open reqs. Contractors will be let go at the end of their contracts. (A lot of people in tech roles are contractors.) People will be pressured out, and managers will be pressured to give negative reviews, write people up, etc.
There are "organic" ways to cut heads which Wayfair used leading up to the layoffs in Feb. 2020.
(They also got rid of the first attempt at a B2B business, then decided to try again a few years later.)
Turnover is always high, so it is hard to tell.
(I honestly can't say whether I was pressured out or left on my own-- I was certainly ready to be somewhere else, though, so when someone decided to squeeze instead of back up their employee, I gave my two week notice-- this was earlier in 2022.)
Seems like no one here actually knows what they are talking about
Any more insight or was this all speculation?
They are laying off 10% minimum in August and additional layoffs to come in October. Not sure which departments are affected, but we should know after the Q2 earnings report is announced on the 4th.
Customer service and sales is over staffed. They will be most affected.
August 4th is Q2 announcements. I imagine those who are affected will know by August 5th as that’s a Friday and that’s when most layoff announcements are made.
August 4th is Q2 announcements. I imagine those who are affected will know by August 5th as that’s a Friday and that’s when most layoff announcements are made.
When is Q2 announcing their results?Do you know which departments are affected? It’s unusually slow in my department so this was to be expected.