I’ve been hearing very vague gossip. If someone knows more, pls post. I don’t know what’s worse, to have an announced major round of layoffs or this constant sneaky threat that can be sprang on you any day. Either way, morale is down the toilet and anxiety is a part of formal attire these days.
14 replies (most recent on top)
Pretty sure I’m getting laid off tomorrow. Does anyone know what the severance package structure is looking like?
Few from my team as well. last day in next week
Hearing of things in product on the Elavon side - specifics are still not being shared
Layoffs in performance excellence
I believe Global Treasury Management
What is GTM?
@dyj+1v0HICGM sorry to hear. As hard as it is for those impacted it isn't easy on those left behind either - more work and continued anxiety on when it may be their turn. If you can provide any further details it would be good but please be careful to not out yourself.
Just got an email that there were layoffs today in GTM (within TOS). Don't know details since no one on my team was laid off. All affected employees have apparently been notified already (for this specific round of layoffs at least)
I'm sorry to hear this. If you don't mind sharing more, what team in TOS?
We lost 5 on our team in TOS. Their last day is 11/15
It's very real, someone I work with directly was impacted today.
This week is going to be brutal.
Was anyone who was laid off given a notice period? I have heard of some people getting to work through the 60 day notice period and provided severance whereas other people are getting laid off immediately. It looks like the WARN notices have not been going out for the most part because these layoff are being conducted stealthily.
there are def big layoffs coming - there were folks notified in advance (last week) of their own departures for a variety of reasons, but confirmed more actions this week
We are all on anxiety meds in my department..