What's the latest on the next round of cuts? What do we know?
18 replies (most recent on top)
It’s global but most impact in the USA.
Anything, if even rumor, to substantiate this? Is that US, or just a number plucked from thin air?
500+ next week.
Is Amer being impacted
Asia will not see any where near the level of cuts being shared here. However, certain teams and sub functions will see the majority of the resources let go. It's necessary to make fundamental changes to fix the company long term.
95% of the staff in Asia is being cut? Are u sure you know what you just typed? Is that correct ???
We have of many cuts in Asia. We learned 95 per cent. Also some many in Europe 40 per cent.
Do the cuts quickly and decisively. Let it not be death by a thousand cuts. After all is said and done, HL should consider selling off HV, and focus its traditional business. There is no way HV can be a leader in the IT vendor space.
Four small group conversations where I was a low-key observer with the new CEO tell me that he is a simpleton.
He is decisive, aggressive, but not wise or intelligent. A man scared to ask questions in front of women. A man incapable of not being the smartest person in the room on every topic.
The question is to ask the chairman what the CEO’s payout is based on. Was he brought in just to fire thousands or to actually grow? That first choice sounds like a regular HV racket.
This company is being run by an incompetent @$$hole and will fire big time to shift the business in a new direction with a flip of the switch. He was a failure before so he knows he can do it again.
What's the significance of October 13th? what are people hearing or is this just something pulled out of their a$$ ? seen some people on here pull wild 10-20% cuts..
And ELTI is only due if you’re in the company at the end of the FY. I guess they’d still have to pay out 2 previous years’ ELTI.
If it's around October 13th, anyone knows if official pink slip issued?
A lot of people will be included in these cuts
You will get your VIP payout if you are an employee on 10/1/2020. So anyone affected will get that payout.
Before November's 'VIP' Bonus payout as to save some more $$, which was crafted for this very event.
Around October 13th
Because I'm worried it might happen sooner rather than later.