Several groups were hit today in the Northeast in Pittsburgh and field offices.
Cuts to continue tomorrow, 11/13 and will supposedly be the final day. The final org structure is supposed to be sent out Thursday or Friday.
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They are definitely going to backfill the positions JUST like they did in 2016, once the coast is clear.
Let’s not fool ourselves that layoffs are completely finished and org charts have been released. They may be finished laying off for now. Likely more cuts will come in 2020 if shareholder wealth doesn’t improve.
How deep are the cuts? Is this for show? Are they really cutting costs or are the going to backfill the positions like they did in 2016?