Dan has been give 20-30% reduction in costs now. There will be massive cuts for 3P and employees. Expect layoff, expect old investigations opened up, and expect minor issues to result in termination. The teams that will be hit are EDAO, P&C IT, Corp and Bank. No one is safe but those are the target areas
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@ap Lol you're making the phone jockeys angry by stating the truth
Juan, Dan, and all of the BOD should be replaced by AI, and the company lived happily ever after.
We create genAI's in IT using AI. And guess what, most of you, MSR's will be replaced by AI soon. So Juan, just wait a little longer, and you'll get this massive cut in manpower in your company, you'll thank IT.
Hey IT, tech org should deploy AI and replace 50% of you. We need to make our company profitable.
@ab haven’t heard corporate accounting tricks or magic, have you? When you don’t realize P&C accounts payable from 2025 until 2026 accounting cycle, you end up with inflated corporate profit, which Juan claimed to be real lol so don’t be surprised if 2026 earnings look terrible especially with expected increase in natural disasters.
Why are they cutting IT costs, now that the company's net profit is bigger than last years, doesn't make sense. We are already scrambling down on manpower in IT, doubling-down on roles, and I can't imagine cutting more people. If Dan wants to do our jobs himself, fine - here you go!
It may be prudent to consider establishing a union.
One cam only hope
@OP what is corp