There has been a rumour about layoff for around 4000 employees by next year's start. I overheard it from discussions in the office. Looks like some employees might be in loop or getting their info from somewhere
Could it be true or a rumour?
5 replies (most recent on top)
Rumor. 4k? Not happening. If anything it’ll be forever targeted layoffs to reposition to ceo vision. 4k maybe if we sell off all non-core.
@OP agreed and confirmed 200%
The markets hates us, our stock price is pathetic and weak
It's impossible to get parking on site because everyone is forced to come to work and pretend they are actually accomplishing something but secretly sticking it to the execs for forcing the return to office.
HR are burnt out from onboarding all the new hires
4k would be a very signifcant cut, so i'd be skeptical of the number until there is something more concrete behind it.
there may well be another restructring or layoff coming, but rumors often start with a real event and then the numbers grow as they're repeated. 400 affected becomes 4k, or a multi-year cost reduction gets interpreted as one big layoff round.
the useful question is where did the 4k number actually come from? was it mentioned by a manager, tied to a specific business unit, geography, restructuing program or date?
without that, i'd treat layoffs may be coming and 4k employees by the start of next year as two seperate claims. the first could be plausible while the second is still just a rumor.
@OP agreed and confirmed 100%
The markets love is, our stock price is strong
It's impossible to get parking on site as our office are full of people doing their best work and bringing in the money
HR are burnt out from onboarding all the new hires
@OP next calendar year ?