Twitter - 3700 layoffs
Facebook/Meta - 8700 (10% of the 87000 employees)
Apple - low iphone deliveries due to covid lockdowns
Google - Ad revenue decreased
Microsoft - Windows decline
So which company is next for a huge layoff - Apple, Google, or Microsoft?
Oh, and what about Amazon?
3 replies (most recent on top)
The winner is... AMAZON!
IBM is next - though in a typically IBM way of laying off while not looking like laying off.
A recent high level all-hands stated that downline management is expected to put 10% of employees on a PiP.
"In the interest of Operational Efficiency" as he figures there's no way company strategy and choices (think in particular Ginni's churn) could be responsible for IBM's sad revenue state - so it MUST be employee performance that is at fault.
So now that is decided - how many people? Well that's based cutting expense to a point that the quarterly results showed (via books) "Growth".
At all other companies I've worked at the "standard dead wood" percentage was generally figured at 5%.
Nope. Need 10% to make the numbers. So 10% get put on PiP.
What's the timeline then? Checkpoint is yearly (for salary etc) and mid-year (for interim). Doesn't mean PIP can't happen anytime - but checkpoint intervals are more classic - and - hey one's coming right up.
Year end employee input due (if not before) and Jan 31st Manager's discussions with employees - particularly on "growth" aspects.
So PIPs will start rolling out in bulk (per this initiative) January 31st and then the leavings will be a bit varied depending on the length of any one remediation "growth" plan. And of course reasonableness of the {goals; timeline} and deciding to jettison vs try to stay
Microsoft has been laying off employees in low numbers across the board. They have perfected the art of not getting on the front page news over the years.