Not clear yet the impact or headcount of layoffs
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@mcgeck Reddit and it was a lot this go around. I think they keep making rolling cuts some large some smaller and stay under the radar.
@e3 Wide range of disparity between ~5 and ~350, but would this thread exist if it were so few? On the other hand, would there not be more news if it had been so many?
CMD marcom and marketing director cuts in July.
Standard operating procedure for TFS right now. They want to keep the EPS high for stockholders because they lost 200$ per share since last year.
I believe in CSD it was ~5 people who were let go. We were already running low on resources. How many more will they cut? They also closed all the backfill positions.
GSS was affected as well up to Sr Mgmt level, including people who were >20 years in the company.
Over 350 in LSG today. Most brutal round yet. Even senior leadership seemed surprised by the extent of cuts they had to make.
Seen a lot of Biosciences division sales people getting laid off 😞
@OP any word on CRG?