As collected by word of mouth
AS OF 2/2 4:45 MST
Reported Severance:
0-6 months pay
Resume build
Carrer assistance
6 months benefits
Loss of restricted stock
GSC NOT SAFE
If you have a low performing team in a department with a low budget, they will work off tenure!
Apac apparently were meant to be hit last time in Shanghai but didn't due to covid lockdowns.
I would expect something this time.
How about Paidy?
Curious about APAC. Any more detail?
of course its mostly US no labor protection. Its too costly to employ people in the US when India has a highly educated populace that works for a 1/3 what we get. All to boost stock price so large shareholders can sell off at a profit
This won't be affecting much in Europe if anyone is interested - a lot of those changes were done prev mnths
Oh they've already gone well over 1k people laid off at this point.
Does this affect customer service department?
I've seen a ton of contractors getting cut.
What department @1sd?
Laid off today in Omaha
10 yrs tenure
I don't think we will hear anything about Europe until the end of February. They have a 30 day consultation period they have to go through.
UPDATED:
EE EXPERIANCING LAYOFFS, IN STATES
No define numbers yet but estimated 550 of 2k
Overseas Manilla/Bangalore reported safe.
Emea/Apac/Latam safe
95% in states
List based on reported layoffs not entire list. No department is ruled out
Any word on how many this affected?