@fx question is when will they announch evps, svps, vps. Any idea?
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From all the emails, it looks like some leadership is getting culled. They're too high up for VBO anyway. Once they settle on what evps/svps/vps remain, then I'm sure they'll see how many people have overlapping jobs, then cut some more. Just like every other corporation. Not sure any other place is that different.
@b1 Unless you were in News or Ad Sales (or one of those other departments that gets huffy anytime people confused RTO with other “buy outs,” VBO was not offered last year to the general population. The RTO announcement went out 9/4, with responses due back 9/15 and the big layoffs happened in October.
@b0 Wrong. DE cares. I believe he wouldn't lay people off so close to holidays.
They literally did it last year. Involuntary layoff happened in the middle of VBO acceptance window.
@ac Everyone needs to stop assuming that DE or any corporate leader cares about holidays. They are going to do what makes the most sense for their bottom line. Zero f***s given to the human element or employee morale. The end.
With the earnings report on November 9, considering how those results might factor into this situation?
Last year, I want to say that after the voluntary RTO offer was due we had layoffs a few weeks after and that end date was the same or close to the end date of the RTOR1 folks. So theoretically, they could do layoffs that Tuesday right after Thanksgiving but man that would be close to the winter holidays.
The whole point of VBO and RTO is getting people to self select so you layoff fewer people, so it wouldn’t make any sense to lay people off before they return their responses. That said, everything will be more or less settled in a week. So don’t be surprised to see layoffs before the end of the year.