What you’re hearing, ask questions, vent, post timelines, team impacts, rumors, confirmations, tips, suggestions, things to do, or just support let's each other...
8 replies (most recent on top)
Several posts on this site claimed the layoffs were 500 or fewer. That is false because our group laid off close to that number alone. Those posts seem to be from high-ranking OT leaders trying to steer the conversation.
Expect the final number to be around 2,000 (we are about 23,000 employees). Around 8.7% of the workforce comes from "expensive" areas like the US and Canada. If we assume each employee (fully loaded) costs OT $150K USD, then they just saved $300,000,000 USD.
This now completes Mark's market commitment of savings from the hMF acquisition.
499 or less employees in the US per the rules with WARN.
Yes, it is about 12 percent. Some of the WFRs will happen mid June, but they are part of the same WFR project. The plan that was put into place is to keep some employees until June for transition of the function. These employees have not been notified of that, but they are on the June list. Please understand these WFRs are not a last minute exercise, legal and other paperwork for each employee is prepared MONTHS in advance. There is another large wave ready for June.
@@ac+1jsfmy8hc currently it might be 5 % but more is coming, some countries have strong labour laws that does not allow for a company to lay off people from one day to the other.
It’s nowhere near 12%. It is less than 5%. Stop exaggerating based on no info.
It won't be 12 % when they do their dodgy math with the current openings, it will be 1.5 % like last culling
Indeed ,so far the US are the most impacted, but Europe is next, it seems that they are culling all remote workers
Sounds like 12% of the company getting laid off. Can confirm there’s definitely a lot.