No rumors yet. What's the dealio? Maybe we finally sidestep it for once.
22 replies (most recent on top)
@g2 Keep collecting the paycheck and keep the bench warm whilst our "leaders" keep spinning the reorg carousel.
Very much looking forward to this year's focal. After no pay bump for three years we must all be getting double digit raises, right ... right .... right ?
After all RSU's aren't worth the paper.
Fusion mass layoffs coming Sept-Oct. If you’re in bottom 33% of Codex usage, start packing.
@bv they probably reorged to make sure they had coverage for the jobs they think they need. So they have already decided who stays and who goes. If you don't have much to do and your boss ignores you then you might want to pack your office.
@b7 that will probably be around 80K left. They will just cut severance to the absolute minimum. Either 60 days notice or 9 weeks pay and medical through the month that you leave.
@ec re-read the post, which discussed the events of last year. Ie, not trolling.
@f7 stock price is 115 to 119
What kind of numbers are we talking about this time? Someone please tell me it won't be as bad as last year.
Current share price => bl**dbath. It's the sla-ghterhouse all over again!
@ec I know it was, but it was there last year when I got it. Can't look at it NOW, I'm just telling what happened last year that was visible in #watercooler. Who's to say they're not going to do the same thing this year? You just won't have #watercooler to see it.
@e0 A few non white colleagues got the ax earlier this year.
No one is safe
@e7 are you trolling? #watercooler channel was closed many many months ago
@at it September, that's when I got it, but people were being let go in August too. Last week or two, #watercooler was loaded with messages from people who got laid off and are there any openings they could move into. Folks responded with yes, we have openings in our teams, but they were too late, the rif'd people already lost access. :(
So yeah, if the next big one is September, it's reasonable to expect that folks might be rif'd in August too.
Share price at a 52 week low and burning through cash with a massive debt load to service.
However, there must come a point where cutting folks costs more (in severance and service impact) than it saves.
Reorg, schmee-org, who cares! If you're a white male US employee, you're in big trouble. Otherwise, you're safe. Larry wants it that way.
Got re'orgd as well - honestly not sure if I want to get fired or not anyway!
Just got reorg’d is that really a sign?
@at September 22 was the end of garden leave. The dejobbed were informed of their fate in August, so the anniversary is coming up.
I hope I am on the list!
@av France will be end of August to notify people if in the RIF list. Think it takes months to then argue it out. Last year it was a long haul with the worker unions involved
Europe still not completed last wave, no idea why some countries are delayed this much.
Last year the big layoff was in September so I'd be interested in September rumours.
If you are having g reorg now in your organization and if they are a surprise, then welcome to the RIF zone!