Title is the question
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I think there will be more cuts and changes to roles in SC after Q4.
My team (my direct reports) will likely be laying off some in Jan/Feb. The initial plan was to let them find other roles within the company without a hard stop date. But that of course subject to change.
I mean the sources that stated both the October 28th date and the ‘Thursday we will get a work from home’ email said there was going to be another round of layoffs January / February
@aa yes, there have been many smaller layoffs- I was included in one in March. It's been small and in different business pockets I believe to minimize media coverage.
There’s a threshold for the number of folks they can layoff without reporting. I’ve heard it’s 60 to report. So waves of micro layoffs have been going around for more than a year already. We lost a TM last fall, one of my partner teams had two rounds go through and almost halved their team. Before this.
this my fourth fortune 500 company.
i've went through at least 10 major layoffs. got affected twice.
In 25% of cases it's one and done.
the rest of is a mix. it'll depend on financial performance. if we dont turn things around and if growth is stagnant we can go into a perpetual layoff mode.
also, often some groups are lagging because they are not ready to pull the trigger, they are trying to sort things out. and when that lagging group decides to go with layoffs, others piggy back to clean up the house (remove additional low performers and/or freeing up headcount for hiring folks with different/more needed skills).
just my opinion based on some personal experiences.
Target have actually been doing small layoffs for a while, it just that it hasn't made the headlines. Sometimes the impacted employees can find a position elsewhere in the company.