Started doing some studies recently. Hopefully I can keep my job until this time next year to have enough time to finish my study and interview process.
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H1 will tank (again) and another 5-10% will be announced so as to “rebalance priorities and focus on growth areas”. It is as certain as the stars are in the sky. LRs are cultural and systemic.
There will be much less LR, instead PIP is coming for further saving.
LR knock out the expensive. PIP will beat up the cheaper folks.
Confirmed.
Employees impacted (%) = {55 - Stock price}
It’s not every 6 mos. Wake up! They don’t announce every layoff to the street. They do quiet layoffs quarterly.
New style is putting on PIP and out.
February 2025 will target locations other than RTP and San Jose. It is already in the works, but it’s only a guess and speculation like all the other times.
No chance buddy in all probability one coming in Feb 2025 followed by another one in Aug 2025 its a every six months event now
Why voted down? Even during earnings call they said 80% LR expense is in Q1. The rest is in Q2/later