So my guess about my layoffs is Aug 3rd or right around that timeframe. I got to thinking if they do the whole 60 day notice thing, Aug 3rd is 60 days before Oct 2nd - first day RTO.
So I wonder if they are doing this math?
The total number of days between Thursday, August 3, 2023 and Monday, October 2, 2023 is 60 days.
People, there are TWO giant TGs still to come: Sept over Labor day weekend, and mid Nov.
The March 2024 TG will be small / clean up / mostly TOS clients.
My understanding is that the large layoff will come mid-September with the last major TG happening the first weekend in September. This gives 2 weeks of wrap up for green tech teams and green apps are shut down. This avoids people returning to office, and gets them off the books before q4. There will be more layoffs quarterly through q2 next year with the remaining green apps shutting down but majority of designated people going will be gone by September.
Based of what I have seen in my group and what I've heard about in other groups, the work in identifying who they cut is moving along quickly. Perhaps a cut in the next couple weeks or just after TG3.
Yes layoffs were always planned after migration - but I would be the number is larger due to their bond investments and stock price - which is all show negatively on the financial statements, therefore get rid of more people
Anyone who thinks EC doesn’t have a plan have zero idea of corporate greed. Layoffs were always in plan after migrations . Just the numbers differed . They have ironed out all the numbers. Just the names attached to those numbers . The scripts been in works for some time
The next year seems small . Sept is the next big one . somewhere around sept is where you see the big layoffs .
There are two more transition groups, right? I thought there was one sometime next year.
They can announce layoff on sept 30 and tell you not to come to office . Layoffs could be in batches . They’re still one more big migration .
EDIT
1 AVOID Additional RE restacking after RTO,
@nci+1nQMUE0E
Agree 100%. Plus with the RE consideration. RE may only get the list of returning FTE and not know or care why employee X is not on the office desk list, either exemption or future termination. Anyway, IF they announce the layoffs the Friday before RTO, they hit 3 goals:
1 Additional RE restacking after RTO,
2 Avoiding in office confrontation of layoff,
3 Accounting one time charges in 2023.
But that would mean the EC is thinking dynamically and has a strategic plan for all these variables.
On the day you’re laid off, that is your last working day, but they will pay you for the 60 day “warning period”. So as long as layoffs are done before RTO, they avoid the concerns you’re mentioning. I think what is far more significant is financial reporting. They’ll want to get most of the layoffs done and severances paid out before year end so they can take a “one time charge” in 2023 and move on. So that would point to announcements coming sometime in October, at the latest.
I think you’re terminated immediately but you’re still on the books for 60 more days.
In my mind, they would do this to prevent the extra effort of putting someone in a desk, getting security involved to escort people out, and to prevent people from flipping out in person. I don't see the upside of doing it with people in the office.
feels a little conspiratorial to me. I don't know why they would need us off the books before RTO.