Was in a meeting discussing news from upper management and it was said there will be an offer, meaning managers will be offered a year severance package. This is not an early buy-out. It was stated that this offer is wide open and that if an entire team wanted out, they would let them go. It was also stated that e-mails would go out starting today 15 June to next Friday for the offer.
The expenses are of such a concern that they need to get rid of people and move functions to contractor's or eliminate entirely.
This came from the Construction they got their cloud and can go up against amazon and google.