This is what I've heard
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@nd I can guarantee they won’t layoff any AI bots. In fact, my guess is one is being considered for CEO.
There's no way they can guarantee that outcome over the whole year.
Layoffs all get wrapped into divestures…they have to stabilize things asap as long as economy holds. If economy faulters with an AI bubble all things are on the table. 2026 or 2027 we will know if OT survives but culturally we have to evolve
If Paul Duggan is the next CEO, there'll be no layoffs
@c5
I totally get it..but again..that does not change the reality, especially if you work for OT.
I got laid off in 2001 (.com bust) and 2008 (Financial Crisis) found a job relatively quickly both times because I was already networking and actively looking.
with the job market being so bad the way it is now, hard to have a plan B really.
@OP
As much as I am sure you want this to be true..it is very likely the die has already been cast.
Additionally these decisions are being made now by the Board, external Advisors, Investors and potential Buyers of part (or all) of the business. Likely even the majority of OT Leadership are not fully aware (or) are legally bound to say nothing.
All due respect you are whistling past the graveyard. Please prepare your plan "B"
OT is a tech company. It has to keep transforming to stay top on the game. In my last 20 years, there is not a single quarter left, where I have not seen people are let go. You may have find that out in a more business friendly way. Just to let you, that is prior to Mark, and even after Mark. So just dont tie your heart to this company. Keep upgrading, stay market ready, and as you get better opportunities, move out. Dont stay in a hope that your career will progress because you are putting too much energy and enthusiasm to your work.
You’ve heard wrong especially with business units that are being put up for sale.
You always fatten the pig before taking it to market.
In this case, that means making SMBC Cyber look as profitable as possible on paper for any potential buyer.
And the fastest way to do that is cost cutting. The biggest levers are salaries, office space, and tooling etc.
I'd expect more layoffs in Q1 2026, and possible acceleration of moving roles too cost centers like India.
Happy Christmas, everyone.
You have a point. Divestiture and Collective Consultation both sound far nicer.
There hasn't been a year in the past decade+ without any kind of layoff.
Why would there be layoffs ?
wishful thinking, but I'll lay odds on lots of people getting fired.