No specific date yet, but most teams have started to submit names for the early Q1 cut. Very frustrating to see that workforce cuts are proceeding despite a “great” Q3 earnings performance.
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Just keep free bird on, no worries.
Payouts in previous years were a lot better. Now the payouts are the bare minimum as cash has run out. Even people with 2+ decades of tenure are getting very little when leaving.
If PIPs were enforced, then SM and others would be on one :-)
I am surprised they haven't resorted to PIP's earlier to avoid severance payouts, but I guess it's hard to justify employee performance mysteriously dropping all of a sudden from rock star to bottom feeder. But it's not hard to imagine that would be the case going forward given the bleak future.
@an... hmm, sounds like TD may start pushing PIPs to get folks to leave because they can no longer afford severance payouts. Too bad they never used PIPs properly before they got into this mess.
A few have occured this month, that much we know. There are usually some in December just before xmas as that is a good time to do it because no-one notices.
PS. Not in HR, just my experience and knowledge based on many past years
@an why are you dooming so hard? Nobody is getting pipped bro
There is going to be constant stream of people being let go. It was evident from the People Managers call where the high-performance-culture was being discussed. Get ready for more PIPs. I would say we can expect to loose about 15-20% of our current set of folks replace them with new hires (if someone is willing to join TD at this time).
@ad you aren't in HR I know this because I'm in HR
@a9 Anyone still at Teradata is justifiably stressed.
@a8 Maybe because they worked hard and were dedicated to the company and were unceremoniously dumped at the curb? Could that be it?
I am in HR/Ops. I am only trying to give everyone advance notice. Would you rather not know? Ignorance is bliss?
@OP you guys saying it every month to keep people in constant stress, but big layoffs usually happen once or in rare cases twice a year, around Spring and in late Fall, past 5 years is a good referance point. Not saying it is not going to be happening more often or the pattern could be different this time around but saying it every month is just not ok and puts those who still work here in unecessary stress
The HR rep was right no layoffs today maybe we were too quick to attack him? Why does everyone here want to see TD fail?
And the spiral in continues.