After the usual October layoffs and what's coming on November 1, can we expect more next month or will that be it?
6 replies (most recent on top)
It's the year end numbers are the ones that matter. They have time.
They are not d-mb. We are in a current market where the employees want layoffs more than the employer to fund their Great Resignation move with a severance check. They are going to focus on attrition - keep dreaming for that layoff the stock nearly doubled since August...
They have learned from mistakes in the past and keep their plans quiet. I expect they will continue to coerce older people into "retirement" and reassign (especially TOSS) people to tasks that are demeaning or vague. It usually results in people leaving on their own so they don't have to pay out severance packages. I suspect that last year's massive cuts were more costly than usual since people were hesitant to go out looking for jobs during the pandemic. I just know the numbers last year were pretty massive because they had lots of large conference calls to address questions for "affected" people. They don't want to get people stirred up so they do their dirty work around the holidays when there are fewer people around to spread the rumors and news.
The second round is usually the week before Christmas.
*now
At least for nw?