Expect to see the recently reported forever layoff model. This is a persistent, all year method for layoffs where they happen in artisanal small batch format to prevent investors from getting alarmed.
Large companies do the showy layoff where they announce large layoffs then hire the same or greater number with h1b or offshore. Thus keeping the same headcount to keep from alarming investors.
@1bz
Stockholders will not care about any layoffs of less than 1000, and completely ignore less than 100 especially for very large companies. Plus even if it was a large number from India, they wont care
Wow, more layoffs this close to the holidays??? Aren’t leadership personnel supposed to party like it’s 1999 in NYC for New Year’s? Because gee that’s such a wise use of corporate cash flow. Note to next years crop of interns….. don’t waste your time here. This company shows nothing but contempt for employees, doesn’t really care about customers, adds no value to investors, and is only successful in producing golden parachutes for the well connected expats from other companies.
@1b3 100% Voyix. All managers called to meetings at 9am est.
It was 60 engineers in India today. Contrary to your post.
@1b3 Voyix
More layoffs tomorrow? Can anyone confirm if its on voyix or atleos ?
Is this voyix or atleos
@1am I got layoff today as well, with the exact same message.
@bs I just got laid off today, they had my manager who is on vacation tell me. No details on severence or anything yet. My manager said I would hear from them within 24 hrs. I don’t know of a single company that lays people off without having all that information ready to provide. I’ll update this thread when I learn more.
I can confirm more layoffs happening today and tomorrow. I was one of them!
@rq Mismanagement is the de facto approach. So they will probably layoff people who are contributing to the bottom line and wonder what happened. There are too many people in management that don't really care (e.g. coasting to retirement). There are also clear and obvious information control going on in the company and so decisions take way too long to make and do not include every stakeholder that is involved from beginning to end. There is also no 360 review (review your manager and your manager's manager) so that bad managers can be kicked out or become a better.
Investors only need to look at the tickers to be alarmed, at least on the Voyix side. Notice how Atleos has one with history as of the 2023 split and has nearly doubled and Voyix goes back to 1996 and is still down in price from that far back in time?
Voyix was to be a growth company and yet it has not moved in price. Atleos was to be an income company yet has doubled in price and declared no dividend.
Investors and analysts look at fundamentals, technical analysis and projections. Layoffs affect the short term voting machine aspect of the market and in the long term the market acts as an adding machine. Which spinoff appears to be doing better in the last two years by the numbers? Is it unsurprising that it’s the one the former NCR CFO chose?
In the end this board is still called NCR…..
@bs
I did, laid off in October (Atleos)
Can anyone report they even got a RIF Package recently? Nothing on this site for a long time, seems like people are quitting and going elsewhere.
Better to call it RIF then repost your job at 50% the rate you were making.
And yet leadership will never grow a pair and be upfront and transparent via the all hands call. It's the same broke back RIF story for the past 15+ years. Rinse & Repeat.
Now please come in the office to boost morale, team work, collaboration and more layoff work added to your plate which indirectly gives you a reduction in pay with the worry of being cut anytime. Great model