September layoffs coming soon with additional cuts to be announced in Q3 Earnings Call.
Europe (Poland included) and US targeted
18 replies (most recent on top)
@19p Can you please name a business unit (at least in general terms) where the cuts you wrote about in your post took place this month?
@1yq To your question, I think nobody posting in this forum can answer the question definitely. The folks who know of the cuts in advance are upper management. They don't post here.
What departments being cut?
@wv
Just changed the Federal tax laws which allow companies to write off expenses when they build businesses outside the U.S
When they bring in H1B workers to replace U.S workers.
Maybe even charged a 10% yearly fee for ever H1B worker a company hires.
@1eq 10 Sep
@19p date?
@12x in my team already two fired in Sept
@130 never ending story. Wondering how offshore locations like India and Poland will react, given the high attrition levels
I was told by HR they are cutting a lot of req's too probably to cut some of the numbers down
@xx typically second Wednesday of the month.
What date is the layoffs?
But the company has been keep doing more outsourcing and bring in more J1 and H1 foreign labors although they are not cheaper and smarter at all, primarily for the profit of managers who were former foreign labors too. Seems government can do noting to protect US workers.
UNION
@g6 I’m
So happy I’m closing in on the end of my career there. Can’t take it much longer.
People people, the company has been doing layoffs and outsourcing for 20 years.
And I can tell you from my experience working for this company.
When the company has a poor earning report they layoff people.
When the company has had record breaking earnings they lay people off
So the point is layoffs will continue even when the earning reports are good.
Latest rumours heard after the Q2 call, were around 3,000 staff worldwide.
Impression is that Senior Management somehow leak these stories on purpose.
Hm. Living in constant fear since last few months. Everyday feels like a victory.
@OP not surprised. I heard there was up to 4% reductions requested by mgmt. I’m sure majority of that will be in staffing and based on absolutely no automation or efficiency improvements. Really just to fund giant exec bonuses and unnecessary new EVP’s.