The next wave will likely be end of October which will land around the Q3 earnings call. Followed by early Jan or late Feb ahead of Q1 close.
Pretty much follows Enrique’s playbook from HP. He executed RIF in waves. We still have about 1B to go on cost savings. Saved about 400M so far.
It seems right, this decision was passed down to the ORG level, and the ranking was already prepared in order. Enrique just pull the trigger.
Can’t wait put me on that list. Saludos!
Expect more layoffs with stock price down. Communication to the Finance team is more aggressive layoffs for cost cuts.