Under the CEO David Goeckler's excellent leadership and his leadership management teams, WDC is now asking employees to volunteerily "retire". The goal is to have 10% resources cut, so the balance will be from employee layoff.
So massive layoff is coming back again in CQ1 and CQ2 2023. You VPs and SVPs are working on the name list now. Thanks for their leadership.
This is the advance release. Confirmed with reliable sources. You are welcome.
Still cant believe the board paid Gecko and his cronies millions in retention bonuses.
Would of been better pay them to leave!
20% cut from the CEO salary is meaningless. It’s the non salary compensation that is most insulting
CEO and EVP’s all took 20% pay cut from their salary
Now David Goeckler will cut more than 20% then sell the company.
Make sure you do not accept if you get something less:
https://www.businesstoday.in/technology/news/story/google-layoffs-why-employees-fired-by-sundar-pichai-are-being-called-golden-12k-367554-2023-01-25
executives missteps made in part by over relying on the guardians of the galaxy
Retirement option is only eight months and you can’t apply for unemployment. Not everyone in age group and service years was offered package I heard. Some folks wondering why?
OP, Are you referring to the retirement options for people with 15yrs experience and 55+ age or is this wonderful option for everyone ?
If the leadership team all took paycuts they wouldn’t have to do this.