Do you think there will be another mass layoff this summer? If so, why?
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There is currently an imbalance in our organizational structure, with an excessive number of directors (L6) overseeing too few employees. To address this, each director should ideally manage a minimum of 90 people. Subsequently, middle management responsibilities should be appropriately distributed within the L6 level to ensure efficiency and effective oversight.
L4 and L5's? Good, too many chiefs!
Yes, more L4 and L5 layoffs coming.
Very possible. There are a couple of signals coming from the management. For example, I noticed that there were no backfills for the colleagues who left voluntarily.
I’ll bite on this and give my thoughts. Here’s my essay for you.
Yes. All signs are pointing to a mass RIF targeting frontline customer service, with fallout across the board. Yes outsourcing is a big reason for this, but you’ve read the other threads I hope, so I won’t dive into that.
The stock price just recently peaked due to WayDay, and is slowly falling again, and really even with WayDay the stock price has not performed as well as the hope was with all of these RIFs happening. Wayfair will layoff, stock will jump, there will be a “sale” to generate business to help maintain the stock, then it will slowly dip. Notice how it seems there is a weekly “sale” on the site, rather than the sales of the past which were actual holiday sales. This is a way for Wayfair to try (and fail) to generate buzz on the site. This is all to drive the stock price, and isn’t doing as intended.
It may not be until August when the Q2 earnings are released and discussed, but this alone is indicating another RIF will happen. Wayfair can drastically reduce overhead costs by cutting out existing salaries in the US since they have expanded massively overseas. They have already reduced the overhead cost of physical call centers, they have reduced the overhead cost of in stock items by stocking less, but they have increased the overhead cost of salaries in the frontline system. It doesn’t match up to trends, and will need to be balanced out. The silent layoffs aren’t cutting it.
Why even post the question. Just read!
This sounds like an essay question for school. Who really knows. You can either hang on and see or find another job. The choice is yours.