If Facebook is laying off 12k, what does an old tech company like STX layoff with limited growth prospects? 15k? 20k?
8 replies (most recent on top)
Why bother to ask how many going to be let go? The exercise on workforce reduction will continue every few quarters until such time only new blood remains. Those old timers still around all the one that can talk and put up a show and get others to work then those who work will be let go.
Dave needs to assess the ROI of VP's and Sr Dirs.
20-30% is what I’m hearing from a few managers. Monday the 10th is rumored to include some execs and Sales/Marketing. If we actually cut some of the 80+ VPs I
it would be great. Historically we keep leadership and reduce ICs. Now we have several Sr Directors and VPs with few direct reports.. Come on and cut the Fat off the Top!
If it was 50% wouldn't only half of us be toast and the others be bread waiting for the toaster? Gotta laugh....
Meta can lay off 12k yet they don't really need to. We can't really but have no choice.
VPs are already signing up for their sweet packages that are much more generous than those of the peasants. All will be done before earnings call later this month.
If you believe management, the number would be zero.
50%. We’re all toast.