There will be more layoffs probably mid-month, again not impacting NY. But once the disastrous earnings are out they'll have to do something about that office and the CEO.
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It will calm down for a while before it happens again. There is a reorg at least once a year, layoffs happen multiple times a year, and it's only gotten worse since we massively overhired during the pandemic. Then we released that stupid 33/33/33 plan that they're trying to mask as "investing in developing countries" when really it's about improving the operational margins - basically fire the experienced people with well-established skillsets to hire young new people at a quarter of the cost in Manila, Guatemala, or India.
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They are only doing so many per quarter. July starts a new quarter so I expect they will start up again this month, and then another round in Oct.
There not done chopping yet, especially office in high cost countries to move to cheaper countries.
There have been no layoffs or talk of more layoffs for two weeks. I'm taking this as a positive sign.