The writing is on the wall and Alliance Data will be sold in the next two years in my opinion. Actions are underway to prepare things and the recent layoffs we're only one indicator. The technical transformation is an exercise to clean things up. Benefit costs nearly increased 50% for health insurance. The smart employees that remain behind will leave the company before they are forced out. It's clear more layoffs are on the horizon, probably mid to late Q1.
With no bonuses and no pay increases most likely not happening, why stay? As a survivor, I'm actively networking for my next opportunity. Although it's slow now, at the beginning of the year, hiring picks up, so don't be late to the party.