Today italian office announced the layoffs of 35 people (out of 120 FTEs)
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From a business perspective, if the Ellisons close all of the EU offices and run everything from Budapest the company would solve all of its problems with the antiquated infrastructure in the western EU countries because all of the infrastructure in eastern Europe is new, faster and the people actually like Americans and they don't have the union BS.
Mamma Mia!
@ac does anyone know about amsterdam yet
The termination of EU employees is more complicated. It has to be done properly in each EU country, and it is highly likely that the company will be using outside legal firms to conduct these terminations. Usually, the affected employee will seek their own legal representative to conclude a settlement. The termination is therefore not complete until a settlement is reached. The UK is somewhat more straightforward but there is a procedure that has to be followed. Would make sense that the company starts with the more complicated layoffs first in EU. Additionally, there have been major changes to the leadership in the US for the various divisions, and the subsequent changes need to be implemented internationally on a division by division basis, taking into account whatever headcount reductions are needed by each new division leader.
The anxiety Internacional is even greater. We've been waiting for two years now. Any news about the Amsterdam office? They are planning to move next year to new office. But who?
So it begins. Seems like the international cuts won't be made in one fell swoop like in the US, so the anxiety stays. I thought they'd want to get it all done before the investor's call next Monday, but it's starting to look like that won't be the case.
Sorry to hear that. Any word about other INTL offices like Berlin? The other Germany office was closed 1 year ago.