….or will there be another round?
5 replies (most recent on top)
How many lost this time?
More to come. Some existing are beign asked if they want out and will get a severance package to leave. Usually Q3 is a bit quiet, but it ramps up again in Q4 as they scramble to cook the books as the realisation that revenue is sinking for FY sets in
It all depends on whether sales hit their numbers and predicted revenue is attained. RIFs are normally invoked when expected revenue is not achieve. That occurs usually when there’s a deficit in the forecasted sales..estimates quoted by sales are either not achieve due to client issues or the sales team have incorrect forecast sales.
Just hope the forecasts become actuals for q3 otherwise it unfortunately means another round end of q3 / start of q4. Trouble is, there will be an inclination already due to q2 sales performance if q3 will be a problem. They will already know if revenue in q3 is going to be a challenge if there have been any issues with expected deals from q2 or if something from q3 has been pushed out to q4.
All good now. The future is a different story.
Until implosion or fire-sale there will always be another round ...