Will there be more layoffs?
7 replies (most recent on top)
Having been involved in several companies that have been bought out, this is effectively what 'Multi year transformation' generally means.
Please take with a grain of salt, but from trends this is usually what happens, not necessarilly in this order.
- Moving existing employees under management who are part of the offshore and/or consulting.
- Having those employees work extra hours or heavy in training up what is effectively their extremely low paid replacements
- Laying off or outright firing the salaried staff when they either finish training up their replacements, have finished documenting or automating their requirements or have annoyed the management enough to raise a red flag
- Moving all current in-house data, like the datacenters to offshore sites or co-location with vendors or businesses that they plan to have target them for a purchase
- Moving all current in-house processes and applications to external cloud or outsouce areas like AWS/cloud. Sound familar for what the target for 2024 is anyone? Beuller?
- Streamlining the company profile and cutting away all fat, muscle and linked inhouse costs to show an artificial asset portfolio to artificially raise stock above what would normally be considered normal for the stock price
- Get companies who are targetting the company for buyout to buy in the locked stock price at the inflated costs. Usually at this point there's some barely legal but shady deals and underhanded yet still legal hand-shakes so that the trade board, owners, CEO and their direct reports can inflate their golden parachute a bit more from stock inflation and pre-buy purchase investments.
- Sell the assets to have the stock crash from the inflated price
- Announce the buyout and sc--w the remaining employees
- Drink wine and crumpets and laugh at the stupid people who fell for their brilliance.
Goodbye USA hello India
Jobs will begin to be moved in early 2024.
Every organization will be different, but be ready for more news.
My interpretation is more layoffs or cost reductions are still incoming ..
The sec filing says over the next 24 month's!
it means they fu-k you again and again till you leave
Yup. I look at companies I’ve been with in the past and I see TU going down the drain in 2 years. They over bought with out a plan and with the possibility of a soft economy, swish