The cuts coming on 9/3 are in direct relation to the Q2 earnings call. The RIFs on 9/3 are going to be larger than previously expected because SF has asked her directs to pull forward the RIFs related to “2026 Org Health” targets that were supposed to be achieved by June 2026 into Q3.
OP: @fg+1k3rcym4n
A meeting will be put in your calendar with either manager and TPO on invite, or just manager. They will follow a script with opportunity for questions at the end
It’s definitely not us! Despite 3 years of ongoing layoffs, the current stock price of $69.81 is just $2.71 higher than the end of December 2022 when SF took over as CEO. Thousands of job cuts haven’t made any difference so what does she do? Continues to cut jobs and end people’s livelihoods for a lazy, visionless “strategy” that is not delivering any results for the company. So sorry to all those who are facing extremely tough financial situations to fatten her eventual big payday.
Whatever happens next week, don't take it personally. A lot of very talented people have been let go. It has nothing to do with your value as an employee, and everything to do with the incompetence of the executive leadership team.
What part of the company is being most impacted?
I’d love to know how they decide who is off and staying.
Would they get rid of someone who is good but costs a lot in a unliked country or someone who is less good in a cheap country.
Just marvellous…..
Can't imagine they'll do it a day after a holiday, so likely be on the Wednesday.
When are people getting notified? Are just getting a meeting invite on Wednesday?