Surprising, no headcount cut, announced till now
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@aq yeah, it is even worse than layoff. The environment is toxic and politic
@OP Terminations will be done quietly, there won’t be a big layoff announcement. However, I second the comment below, for the upcoming months the working conditions will be tough, workload increase, and a culture of fear created. New performance management is the tool for HR to save some money.
There will be no announcements. If they announce layoffs, they have to pay severance. The plan this time is to use performance management to lay off and prevent paying enough severance. And to make the culture so much he-l that most employees leave by themselves. Bonus is now 50% tied to your performance management. Next year it will be closer to 100%. Salary appraisals are also tied to performance management.