Two days after an unspecified number of ATO developers and business analysts were laid off, an email came out with listings for 80 new PM positions. The writing is on the wall. T wants onshore PMs managing cheap offshore teams, probably to help offset the company's crushing debt. Just wish they would come out and be honest about it instead of all the cloak and dagger. Look in Webphone and you'll see teams of hundreds from Tech Mahindra and the like. Employee call centers were all recently moved to the Philippines. Wasn't it just a few years ago that T proudly proclaimed they were bringing call center jobs back to the US?
When I started with the company, testing was being offshored and developers were the new hot item. T wanted to be a software company and have APIs for all. Now the winds have changed. This shouldn't come as any surprise after years of preferential treatment for PMs. Managers with 3-4 years in the company being fast tracked to level 2 Leads, while the developers and analysts making their projects successful might get a progression to 1b senior after 5-7 years. Then PMs were exempt from layoffs for "business reasons", while developers and business analysts were let go. Now they're hiring on more.
It seems like pertinent advice to switch to PM role or start looking for a company that really values their development staff. Hope the many rumors of more layoffs and reduced severance don't pan out. Good luck to those that try to hang on.