Almost every holiday weekends, executives start showing up talking to top management on numbers - likely they preparing for cuts and organization changes.
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It's pretty well known that the biggest layoffs come Sept and October. Gotta pad those EOY numbers to try to fake the analysts into thinking we're improving our revenue streams.
By this stage in the year, management has sufficient visibility into projected net revenue and income, enabling them to make strategic workforce adjustments to ensure annual performance targets are achieved and incentive structures are secured.
Old news, talks of cuts have been ongoing since June.