As per a contact in HR - this was just the initial wave. They will be making further cuts this summer to reach the 30k goal.
8 replies (most recent on top)
Agree with OP. Based on scarce data, I'm not sure all teams were included in the 3/31 round. And they needed middle mgmt to lay off the lower levels on 3/31. Soon after, middle mgmt gets theirs.
I doubt an HR person would disclose what’s coming next to anyone. This post just wants to scare people.
Layoffs will continue every month end until the find the right size (i.e. where things don't go to he-l). You are fooling yourself if you think other companies are not watching this and planning to follow this as an example.
First week of June
@a9
careful, they say that but if the stock value does not turn around or the conditions worsen they will layoff more like an extra 5%
First round probably best to get the axe. By the time second and third rounds come up most of the outside available jobs will have been scooped up by the people in first round.
But if economy gets stronger companies might start hiring more.
Either way, it's going to be rough out there. If you are over 50 years old or disabled, no mater your age it's going to take a lot of hard work and sometimes luck finding a new job
the biggest wave was this march 100% they are already 15k , and 5k more coming with europe philipine emea japan etc ..
March, end of May (end of FY), and against last week of August.