Seen it in Exxon, when the CEO says structural, he means layoffs. That’s the code word in us analyst community. He needs to show reduction like Exxon did. Exxon went from 74000 employees to 62000, and also grew in cheap countries by 5000. That’s total of 17,000 reduction.
Same is coming for us. Look left, look right on zoom call. Only 2 of 3 will remain 2 years down the line.
This is done by eliminating pay raises, making you work ridiculous hours, migrating work, and making you come to office. All are means for you to quit without having to do layoffs
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Filed workers mostly do twelve hour shifts on salary. Hello.
And back in the day they paid higher relative wages, and the extra hours gave you a shot at promotion. Now the structure is built for slow, grinding attrition - and I’m happy to give them what they want.
How would you know, being that you've never put in an honest day of work in your entire life.
Decades ago it was common to come into the office six days a week. All you corporate simps should be lining up to get in on some of that.
Sounds like some folks are out their heads about having to "come in to the office" and "work ridiculous hours" which are not very ridiculous at all. It's something all of your predecessors did for decades to earn a living and just dealt with it . Oh the Karma is so sweet.
EOI is not "offered" at any time. That's not how it works. You're using the term incorrectly if you even know what it means at all. Are you people actually employees?
What does EOI stand for?
heard EOI will be offered in NOV. take effect next may with round of layoffs after that so May to Fall time frame
$2.7B implies 10,000 employee cuts but engine is not free so maybe 12,000 cuts which is like 20%. Too big!
No eoi will be offered
of course structual is layoffs, it is not cost savings from cheaper windows? We know that and don't worry, no one will quit as EOI and forced layoffs are coming so no one should complain about not getting severence pay