The company will conduct reductions in force (RIFs) each month. There is a targeted headcount reduction that must be achieved based on forecasts designed to demonstrate that operating expenses are being managed and financial controls are in place.
For this round, approximately 90% of impacted employees will be notified by Thursday of this week, with a small number of notifications extending into next week due to colleagues being out on PTO.
Going forward, colleagues should expect RIFs around the same time each month. However, this month’s reduction is expected to be larger than usual, with a higher number of colleagues being affected.
Bumping this from @b6+1kvr3808t for info.