Anyone heard the investment community is predicting at least 50% RIF in order to restore profitability and stock price…
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My manager is getting pulled into a hundred fires a day - not looking good. Entire place going up in smoke.
While the rest of us can’t time off due to deadlines. Is there limit on how many days these SVP/VPs get?
@b3 its almost as if it's summer and people are going on vaction
this goofball said 50% 🤣
There will never be any H1B layoffs.
They all have friends in Higher places. That’s how they got there in the first place. It’s one thing if they made decisions in the interest of their team. it’s that their self-serving poor choices have far-reaching consequences across the entire organization. When you consider the collective damage caused by these decisions, the path to recovery is going to be a long one.”
@OP Need to thin the herd at SVP and VP level. Top heavy Org.
I see a lot of SVP/VPs are OOO until the 22nd. Coincidence much? Something’s cooking.
There is a 50% target for certain BUs, largely driven by AI.
I heard Frank is coming back and he will fire everyone except Guy.
How about REDUCING EXECUTIVE PAY? That's where the bloat is.
I mean, where’s your proof? Granted, would anything surprise me at this place? No.
I heard that the layoffs might be 150% or even 200% of the workforce!
Will there more change? Yes there will. But the mass exits have been done. I’m a leader so know. This is an mnc, not startup where we can operate with an even more lean structure. We already are lean enough.
Stop spreading unwarranted rumours. Takis was meant to be ceo from the beginning its what fb got him in for. So I’d be more worried if he follows or gets coached from fb now that he is in that position.
“Anyone heard this rumor that I’m spreading without providing even a lick of evidence?!”
“Anyone?”