I appreciate people sharing what they’ve heard but this is all so vague I’m really struggling to understand how valid this is. Is it RTO for remote? Is it layoffs like in 2015? Has anyone actually been told anything or is this just phone tag at its worst.
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@jk hard to know for sure, but in recent rounds the L8s were either let go before the rest of the team, or the L8s that lost people on their team decided to be OOO during that period. The VP delivered the news for us.
@jy 10/28 is the date, according to my area's L8 leader because, as you said, it matches up to payroll dates.
Just got news one of the PO from Finance pyramid got impacted
Not in HR, just an individual contributor who’s been watching the patterns. If you map the 60-day garden leave backward from typical Saturday payroll cycles, the math points to a 10/28 announcement - exactly one week after Demo Day wraps. It avoids the enterprise event, keeps internal comms clean, and still closes out employment on a payroll-aligned Saturday (12/27).
Operationally and financially, that timing is almost too tidy to be coincidence. Announce before November, show reduced SG&A through Q4, report leaner headcount and expense ratios on the next earnings call - it gives MF a clean slate and a nice bump to year-end optics.
Could be nothing, but all the signals are there: event cadence, fiscal incentives, and timing.
@js Reduction in force
@f0 What team are you on?
I was told today by someone that they heard HQ headcount grew 40% during the pandemic and that they think this will likely be a major reduction. Unknown about areas hit vs others, but in 2015 it felt very random and hit everywhere.
What is an RIF?
Correct me if you know otherwise, but if I recall RIF’s have been done on Tuesdays.
@fv This is 100% happening to me right now. Yesterday, our L8 wasn't on vacation for 10/20 but now they are. What does this exactly mean? They want the L8's out of the office for the layoff announcement? Can you provide any more detail?
Reduction in workforce has never been leaked and has always been unpredictable. The last major one in our pyramid were those leaders who had few reports or were not considered promotable.
@gh Oct. 20?? Why?
@gh that’s a big statement to leaving hanging there. Can you share more?
The 20th of October is the day to watch for.
Our L8 did just get back from an unplanned vacation. What are you implying? Say more?
@ez of course they are keeping it tight. The L8s weren’t even in the loop when my team got hit. If your L8 is suddenly goes on an unplanned “vacation”, your team is about to get hit.
@f0 this is what happened before my team was axed. Definitely start getting your affairs in order and that resume updated. The job market is brutal right now, so the sooner you start looking the better. I’m so sorry everyone is dealing with this.
My team has been asked to justify some of our workload. I am certain we will be affected.
i am looking at views here, it's about 1500 right now.
i am assuming about 1000 people viewed this.
u'd think that if some of them had known they would have posted something here.
this leads me to believe that the execs are keeping this tight
has not leaked yet.
rest assured, if it leaks, u'll hear it here first.
at least this is how it was last two times.
if you see a post that goes up in views and there are tons of comments, that's the thread u want to keep an eye on
Nobody really knows, but where there’s smoke, there’s fire.
@a7 I agree. I'm also a remote employee. While I appreciate the rumor mill as I'm sure there are nuggets of truth, anyone with real knowledge of what's going to happen this month are locked up behind NDAs.
This isn’t the best place to get real information, it’s effectively a rumor mill. As a remote employee myself, I get the anxiety. I was hired this way, so before the troll on this board comes for me about where I work take that up with target.
I try to keep in mind that this is a huge, global organization with a lot of different stuff going on at once in any given part of the business. It always amazes me how little detail I know about what other teams or departments are doing. Like, the nitty gritty. So don’t get too caught up in the rumor mill. If it’s not consistent with messaging in your department, it might not even impact your part of the company.