The whispers are getting louder executives have made their move. A brutal wave of layoffs is coming, and only the top performer in each role will make the cut. Their motive? Slashing costs, boosting profits, and proving to investors that their ruthless strategy works. In the coming months, coworkers could vanish overnight no warnings, no farewells. Who decides your fate? The same executives who push you harder, promise raises, and dangle promotions. Now, they hold the axe. It’s a cold, unforgiving reality loyal employees working tirelessly, only to be discarded. Believe what you want, but soon, the truth will be undeniable.
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I hope so! There are too many "managers", adding zero value, managing nothing but their LinkedIn profiles. Maybe, DB and those he "imported" from UBS, Barclays and Natwest, would be a good start, the office will become less crowded and a fairer environment.
LSEG redundancy decisions aren't made on merit and they aren't based on any individual's performance. If you aren't part of the "club", they will force you out. LSEG values and especially it's motto "Our word is our bond" is a bad joke. The way some managers behave is scandalous!
Thelayoff was never supposed to become an open message board criticizing the company. But when Workspace management decided to do fake layoffs to bring in their friends, and then run the company sideways, this became a place for people to make sure investors, analysts and other employees knew what was happening.
Now that you are seeing the underperformance in D&A come to a head due to these actions, leadership is eventually going to need to be held accountable.
I know it’s shocking, but LSEG D&A isn’t a slush fund for friends. It’s actually the largest business unit of publicly traded company. I know that’s shocking for some people to hear.
These last sets of posts were initiated by the layoff in conjunction with LSEG, to quiet the anti Workspace posts and move them off of active.
It’s cause analysts are starting to read these posts, and match them up with the stuff they are seeing and it’s scaring management. Hard to hide the truth (that workspace leadership had accomplished nothing) for much longer. Those people will eventually need to be let go.
layoffs are happening right now in the US and will continue to happen on a regular basis, but this post is rather misleading.