Should we expect anything before the end of the year?
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@ 3 by 15 Pieces of Flair | Post ID: @3zog+1uhbAXnq
What you described in your post is standard 'scare tactics' to force people out without paying severance. All we have heard this year is less than expected revenue. No one can force businesses to purchase services from CDW.
Also, the change in PTO accrual is not about poor performance. It's about reducing payouts as staff leave.
10%? that would be 1500. No way IMO
where are you getting this information?
Hearing it's a 10% RIF
The rumors are true, there is are selective layoffs going on where people are told they are under performing. The first batch is end of September, expect more to come.
Everything internally change wise is setting CDW up for an upcoming layoff. With Andy Eccles taking a step back (forced) and re-alignment to Bob Kirby for Digital Velocity the bulk of the layoffs will be aiming at them. The integration for Sirius was a failure and there are numerous individuals sitting on the sideline collecting a salary and doing nothing. Too many layers of management. This layoff will be significant.
Y’all! CDW filed a form 8-K with the SEC AND made a tender offer. When both a Form 8-K and a tender offer are involved, it usually signals that the company is making a significant move that affects its stock or shareholder structure. CDW investors will need to carefully evaluate such filings because they often indicate substantial changes within the company that could affect the company’s stock price, corporate governance, or future direction. Pair that with moving to unlimited PTO and forcing everyone to enter their time in Workday ASAP, changes are coming faster than you think. I suspect mass layoffs in the next month, before the next earnings call in early November. There is no question in my mind, CDW is tanking and quick! I took a new job this past Monday. Is it in line with my career goals? Not really. But it’s not a sinking ship…CDW is not what it once was and won’t be recognizable very soon
This person seems very specific about the days left before the next layoffs (35-40 days). It might very well be right after Oct 14th. CDW will even be in a better position with more PTO off their balance sheet. If I were you, I would not use PTO between now and then to build some cushion in the worst-case scenario.
Wonder if it will be global cuts again, if the UK and Canadian businesses will be impacted.
Bad news guys. Within 35-40 days there will almost certainly be a selective CDW layoff. Before the holidays, and around earnings time so cost reductions can be announced on the call to soften the likely earnings miss and shore up the remaining employee morale. The post above regarding the selection criteria is accurate. If you are underperforming, you are already on the first-cut list but it doesn't hurt to double down on your performance because you can still possibly save yourself. Those lists are fairly dynamic for the ones on the line. You also have a small window to document your case for wrongful termination and improve your bargaining power, and only if applicable. If you get a sudden meeting invite from your manager and HR business partner in the next 4 weeks it is your time to welcome yourself to a better opportunity.
I have no insider information but it stands to reason that each, subsequent quarter that passes without a bump in sales is subject to a review and potential cut. As a company we've underperformed for, what, 5 or 6 quarters now? They will continue to make adjustments as they need to. Partner that with the PTO adjustments they've just made... they are preparing to do whatever they feel will maximize shareholder value. I'm sure the rush to get this done by 8/31 is just to close out Q3 with eyes on Q4 to see how things look.
With the aggressive dedication with sending more jobs offshore as mentioned below - I think it's very safe to say we will experience some level of reductions in the next 6 months. Their fear and liability of larger PTO balances will be gone. It's just a matter of how many.
So you "Heard Some Rumors" and now are just going to leave the rest of us hanging? Spill it.
I think it's too hard to say. I doubt there will be a big/mass layoff, if they do it'll probably small like the January cut. Again just speculation. Gotta see how Q3 performs - and how are the vendors/partners that CDW relies on are doing? CDW is practically the Amazon storefront for these channel partners. The big Dell layoff (multiple rounds now between 2023-24) is a bit of a concern...along with Cisco.
Wow - in July - Sona Chawla made a few sell transactions of CDW stock worth about $10M. Hope she enjoys her new vacation home & sailboat ;)
But the job market in tech is pretty bad....I see it on Reddit, Glassdoor, LinkedIn...good people laid off looking 6-12 months to land a job. Some/Many who landed something have taken a pay cut. I was also surprised to learn that SW Engineers/Developers were having a real tough time looking for a job but that's the case for many - market saturated from the rolling layoffs - companies are in a holding pattern and cautious to hire - and more and more companies hiring overseas. Work from Home has stretched beyond the borders.
If we look at Zones and SHI, holy cow they have hired a lot more foreign workers and in fact SHI this past spring acquired an 800 person IT/Cybersecurity/Digital transformation company in India. Zones continues to hire people overseas (e.g. India and Pakistan).
It's up in the air what CDW may do....they could very well try to hobble along till the rest of the year to see how the company performs till year end and what the business temperature looks like going into 2025....and then decide whether to cut in Q1 or not.
I haven’t seen or heard any indications that a mass layoff is being planned. For context, management began planning for the April 2023 mass layoff 3 months before coworkers were let go.
In contrast, the smaller January 2024 “performance based” type of layoff can be scheduled with very little notice. Managers of impacted coworkers learned about that round only a day or two before. The impacted coworkers in that round typically had a low 2023 performance rating (which hadn’t been shared with them yet), low utilization, or unmet targets.
If any of these apply to your situation, assume that you would be included in the next layoff:
- currently on a PIP
- received a 1 or 2 on your annual review
- have not had billable work for a month or more (if in delivery)
- are significantly underperforming on your target/quota
- have had significant responsibilities shifted to another coworker or team without gaining any new ones
- are “red circled” (top of the comp range for your level) and an average performer
The people who can confirm or deny this are legally bound not to say. So “rumors” is really the only way to disseminate information. This entire forum is basically hearsay.
That said. I haven’t heard sh*t.
It would be helpful if the people who have heard “rumors,” would share a bit more detail please.
Why come on here and say I heard rumors, say it and don’t post nonsense
what rumors did you hear? as now its just rumors.
I heard some rumors, but I'd like to hear it confirmed before I start worrying.