Someone wrote the following
The cancellation of raises and bonuses, the increasingly toxic working culture, hiring freezes, nepotism, avarice of leadership, and the 500M cost cutting makes the situation for employees clear as day: the leadership are trying to smoke you out. It's cheaper than paying for (in)voluntary redundancy. They want you to become so frustrated that you will leave on your own accord to save a few bucks, and it seems to be working. Color me surprised. Do not heed to their words, this is what they are overtly doing.
This is EXACTLY what they are doing. 500m cut and you would expect a blood bath but we’re at the end of this calendar year and apart from a few staff getting cut here and there it’s been rather muted.
Instead they are relying on staff to leave of their own accord with no severance pay. It’s certainly cheaper than paying for redundancy. They are literally demoralising you to such an extent that the hope is people will just leave.
Absolute sc-m these people are, HR are in on it too. Underhand tactics to sc--w over loyal staff.