Do we know how many were laid off so far and how many more are left to be laid off?
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@bj Are there plans to close the West Chester office?
@bq Thanks for the perspective, but do you think it’s reasonable to expect in the current job market? Comcast’s attrition numbers were at an all time low already.
I think the best strategy is to be ready but leave with severance for all those years put into this sinking ship.
@ek thanks for sharing, it aligns with a lot of the rumors. Will regions consolidate?
@ek will certain groups get hit more than others?
@bn — This is "@bj." Yes, I used ChatGPT to clean up my wording and make it harder to identify me. It's a reasonable precaution when trying to remain anonymous. That doesn't change the facts I've shared.
I'm an SVP within TPX and have firsthand insight into what's happening. I'm not asking anyone to take my word for it or blindly believe me. I'm simply sharing what I know.
What about entire teams or orgs? For example there are so many different comms teams, will they all remain as little fiefdoms, communicating the same things, or consolidate significantly?
There is so much overlap across various orgs, I highly doubt this plan is thoughtful enough to make any sort of significant shift to reduce redundancy.
@bj I used to work in management, and the rule of thumb we were told was to expect another 10–20% of employees to leave voluntarily after layoffs. From what I’ve seen, some employees are already looking before the cuts, while others start looking immediately afterward. Layoffs don’t just eliminate positions; they often trigger another wave of departures.
@bj very ChatGPT
@bj sounds very official sounding, but...source?
The layoffs will happen in two rounds, with approximately 10% of the workforce impacted in each round.
Round 1 – October:
The first round will focus on reducing management layers, consolidating teams, and eliminating around 10% of the workforce. A significant number of middle management positions, from manager through VP level, will be eliminated. Teams will be reorganized, with employees reassigned under fewer managers.
Round 2 – Q1:
This is not a one-time reduction. A second round is already planned, targeting another 10% before the end of Q1, with March as the expected completion date.
The reason for splitting the layoffs into two rounds is to minimize operational risk and prevent too much institutional knowledge from leaving at once.
Senior leadership also lacks sufficient visibility into every team to make all the individual decisions upfront, especially when existing managers are themselves being eliminated.
After the first round, the remaining leadership will evaluate their reorganized teams and determine who stays and who goes. Some individual contributors are already flagged, but final decisions will be made after the restructuring.
The overall plan is to reduce the workforce by more than 20% across two rounds while significantly flattening the organization.
Massive and it’s not ending this round. There are
multiple rounds.
MAGA!
Layoffs have not official started. Notices will likely go out within two weeks
I suspect 20-30 %, if the message is to be well received by investors and to see any positive movement of stock price. All speculation but I feel that numbers are going to be we never heard before.
Other than those impacted by Freedom/Keystone merger I don't think anything is official yet. Only rumors and speculations.