What did I miss?
6 replies (most recent on top)
I've seen a list for my business line, had to put a name in the hat from my team. More RIFs are coming early Q1
@OP there are layoffs every year usually before end of q1 and early q4 before the US holidays. q1 layoffs are always to tighten budgets after year end numbers and jan month end numbers. this year obviously layoffs are much more than just that but expect additional tightening before end of march next year
Budgets for next year are down. That means there is less money to pay salaries in each product/division. It’s a simple math formula. If salaries are greater than budget, then layoffs will occur.
More cuts = higher chance your job is on the chopping block
Because the company has been saying and continues to say in regulatory and market filings that they are going to dramatically cut costs over a period of a few years.
Many of the posts you will see are speculation and fear. But others are confirmed from dependable resources. I only listen to the reliable ones so I'd accept that January is likely a thing. Outside of that, you have to keep track of company news from both inside and outside of the company. How's the stock doing? Are they buying any companies? Etc... To do this, they get rid of expendable income (employees) that they can recover. Things like that.