Any interesting details you found on yesterday TH in US that you can share?
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My main observation was around how many ballz LE can gargle simultaneously while lying through his teeth. Very impressive, perhaps a world record
Not having fixed workspaces in the U.S. is nothing new. It's a re-cycled idea from several years ago. Exec bonuses even when large lay-offs occur is nothing new. If you're smart, getting out before there is nothing left is the way to go. In the end, remember no matter how valuable you think you are to the organization, the reality is you are just an operating cost that will be trimmed at any given moment of need.
For those who keep harping and speculating on the % of US employees, pls do a favour and read the 10K filed with the SEC. As of Dec 2023, so after May layoffs, 1,736 US employees and total 6,232. This translates to 28%. Of course this no. does not include contractors. I hope this closes the matter and the discussion can be more about the business and how it is going down the drain..
It is not 28%. Last year we were at 20% of about 6500 employees so about 1300. They then laid off 1300 people. I would assume 800 of them were US based. So 500 US based employees out of 5200 which is 10%.
Sorry to hear about another significant round. Good luck to all and if you are out you may turn to a better place like many of us did.
Instead of guessing and just putting random numbers, one can easily find the % of US based employees which as of last annual filing was 28%. At least google… 🤦♂️
Lay off half of US employees to save $45m when just a few months ago the company allocated $60m for leadership compensation and bonuses. ELT are thieves milking the Sabre cow and don't give a rats a$$ about anything other than their pockets. Lets see if one of them volunteer - and if they do I bet they will get a very nice package - a few million guaranteed!
Sabre had around 7,500 employees worldwide before last year's layoffs, which ultimately resulted in the loss of about 1,300 jobs. That leaves about 6,200 employees. If 10% are US-based, that 's about 620 people. If the goal is have the US at around 5% of the total workforce, that would mean cutting around 300 jobs, or half of all US-based positions. That seems pretty drastic. Assuming the goal is that aggressive, at best the cost reduction savings would amount to around $45 million. That's not peanuts, but it's a lot less than the savings the ELT was aiming to achieve with the 2023 layoffs. It seems there's almost nothing left in the US to cut that would have a substantial impact. Longer term, given the ongoing poor financial performance and very high degree of leverage, overseas employees should not assume they'll not be impacted.
My guess is US based employees make up under 10% compared to off-shore so maybe their goal is 5%.
its all about trying to increase the attrition rate rather than paying severance. Eliminating more and more Southlake employees is the goal..
They basically told us they want visiting customers to ‘see’ people in the office. The rest was talk about culture and that new hires need to be around people, bla bla bla…
The new model starts after summer ends, (in the US) to allow people to make necessary arrangements.
No assigned cubes, so we will have to either do first come first serve or reserve in advance (not sure which to be honest)
No set days of week, as long as it’s 3 days. Whatever works best for employee/mgr/team.
For the U.S. it seems calculation for ‘remote employee’ will use a 50 mile radius distance from the office.
They don’t seem to give a d@mn if people will waste hours to commute to/from work.