I could deal with layoffs if I knew they were truly necessary right now, not just a crutch every time earnings, expectations, or anything else take a hit. What are the chances that is actually the case, or should I just start looking for something else now?
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@bf read the ER FAQs or watch the original ER announcement video from this spring from PP.
@bf There was a chart that came out a few months back during one of the town halls. I can't remember how many stupid layers there were but it was going to be ongoing for a couple years. We know for a fact that in operations there will be a push in 2027 for more offshoring/outsourcing. In 2028 the excuse of AI will be the hammer used to eliminate more people even if AI has nothing to do with it. Then, if you survive all this, you get a new MP in 2028 who will most likely be our new yorker golden boy from citi. All bets will be off at that point.
After the first layoff it becomes easier and you will likely see more. It used to be seen as an undesirable thing to lay people off, some companies like EW would see it as a line that they didn't want to cross. Once that line is crossed however, it just becomes another tool.
@a7 replying: Reimagined runs through 2027 with 2 more phases announced
Where can this be found to review? How do we know this if it’s not visible?
Pp and elt will lie to us again. Just because they say they are being transparent does not mean it has integrity. They have brought down the salary. Now they will squeeze more productivity out of everyone. “Do more with less” with a f’n smile.
@a1, I updated mine this week. Trust no one.
Reimagined runs through 2027 with 2 more phases announced
I would expect there is none at this point. The joke used to be you had to do a lot to get canned from Jones. I am sure there will be more pips and more people let go for bullsh-t reasons. I would say at least have your resume updated. I had not updated mine in almost a decade but sure as sh-t updated it last Friday.